The cost at which a company records purchases of machinery and equipment should include all the under listed:
- Operating costs
- Purchase price
- Installation.
- Shipping fees
- Taxes
<h3>What is acquisition cost?</h3>
Acquisition cost refers to all the cost associated with the purchase of an asset. When calculating how a company records purchases of machinery and equipment, it should be the all inclusive cost of the equipment.
The cost acquisition cost should include :
- Installation cost
- Site preparation
- Sales or other taxes and testing costs prior to placing the equipment into production.
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Answer:
See below
Explanation:
Given that;
Price per unit = $20
Direct labor cost = $2
Direct material cost = $5
Overhead cost = $1
Fixed overhead allocation= $5 per direct labor cost = $5 × $2 = $10
Total expenses = $2 + $5 + $1 + $10 = $18
Therefore , profit margin
= Price per unit - Total expenses
= $20 - $18
= $2
Answer:
7,500 units
Explanation:
The break-even point is the point in which the earnings and the costs are the same and there is no gain or loss. The formula to calculate the break-even point in units is:
Break-even point in units= Fixed Costs/(Sales price per unit – Variable costs per unit)
Now you have to replace the values given to find units that have to be produced to break even:
Break-even point in units=30,000/(10-6)
Break-even point in units=30,000/4
Break-even point in units=7,500
The answer is that the units that have to be produced to break even are 7,500.
Answer: The rule of foreclosure will apply to the given case
Explanation: When any property gets foreclosed or the lender sold it due to the repayment issues from the other party's side. Then the repayments of debt regarding that property or debt are made in the following order :-
1. Cost of sale to lender
2. special assessment and general taxes
3. Mortgages
4. other debt
The above will be the order of repayment by Brett.
The money supply term that includes accounts that can be accessed quickly and easily and most savings accounts, mutual funds, and Certificates of Deposit is M-2.
<h3>What is M-2?</h3>
The M2 is broader measure of MS although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etc.
M2 = M1 + savings accounts deposits + money market mutual funds.
M2 includes all M1 plus near money such as savings deposit, money mutual fund and other time deposit that are less liquid and not easily transferrable to physical money. M2 is a broader definition. M2 includes M1, certificates of deposit, money market account balances, and savings account balances.
M2 is a proportion of the cash supply that incorporates money, checking stores, and effectively convertible near money. M2 is a more extensive proportion of the cash supply that M1, which simply incorporate money and checking deposits.
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