1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
V125BC [204]
3 years ago
8

Fogelberg Company purchased equipment for $30,000. Sales tax on the purchase was $1,500. Other costs incurred were freight charg

es of $400, repairs of $700 for damage during installation, and installation costs of $450. What is the cost of the equipment?
Business
1 answer:
Y_Kistochka [10]3 years ago
4 0

Answer:

Cost of the equipment  = $32350

Explanation:

given data

purchased equipment =  $30,000

Sales tax = $1,500

freight charges = $400

repairs = $700

installation costs  = $450

solution

we get here Cost of the equipment that is express as

Cost of the equipment  = Purchase cost + Sales tax paid + Freight + Installation cost    .........................1

put here value and we will get

Cost of the equipment  = $30000 + $1500 + $400 + $450

Cost of the equipment  = $32350

You might be interested in
The Amazing Widget Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2017. The bonds pay interest on March 31 and
Andrej [43]

Answer:

Debit to Cash for $560,560

Explanation:

Based on the information given we were told that the Company issues the amount of $539,000 at 104 on March 31 2019 this means that the journal entry to record the issuance will includes a:

Debit to Cash for $560,560

Cr Bonds Payable $539,000

($560,560-$21,560)

Premium on on bonds Payable $21,560

[$539,000*(100%-104%)

(to record the issuance of bonds)

3 0
3 years ago
Residents of three villages with three different types of water supply were asked to participate in a survey to identify cholera
melisa1 [442]

The answer is "c<span>ross-sectional study".</span>

In medicinal research and sociology, a cross-sectional study is a sort of observational examination that breaks down information from a populace, or a representative subset, at a particular point in time, that is, cross-sectional data. A cross-sectional study might be simply illustrative and used to survey the recurrence and dispersion of a specific ailment in a characterized populace.

5 0
3 years ago
What captures transaction and event information using technology to (1) process the information according to defined business ru
tamaranim1 [39]

Answer:

OLTP (Online Transaction Process)

Explanation:

Online transaction processing or OLTP, which is database software, used to design as well as support the applications related to transactions on the Internet.

This database system is mostly used for the retail sales, order entry, management of customer relationship and financial transaction through the medium of Internet.

So, OLTP captures the event as well as transaction information using the technology for processing the information as per the rules of the business, update the information and store the information.

5 0
4 years ago
Due to political instability in the country of United Mapa, the strategic leaders at the headquarters of FT Supplies Inc. have d
Korolek [52]

Answer: (D) Corporate strategy

Explanation:

The corporate strategy is one of the type of strategic planning method that helps in achieving the main objective of the company and also improving the various types of business units in an organization.

The corporate strategy basically creating the values and also developing the various types the various types of unique advantages for selling the products and the services in the market.

According to the given question, due to some political instability the strategic leader of the company decided to divest in the business and this is known as the corporate strategy.  

 Therefore, Option (D) is correct answer.    

3 0
3 years ago
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer?a. Net listingb. Ex
natita [175]

Answer:

b. Exclusive right to sell

Explanation:

-Net listing is when the agent is able to keep the difference when a property is sold for more than the asking price.

-Exclusive right to sell is when the seller gives the agent the right to market the property and accepts to pay the comission to the agent if the property is sold during the period of the listing.

-Open listing is when a property has different agents and the one that gets the buyer receives the comission.

-Exclusive agency is when the seller gives an agent the right to market a property but the seller is able to sell the property to a buyer that was not found by the agent and in that case, the seller doesn't have to pay the comission to the agent.

According to this, the answer is that the type of agreement that assures that a broker will receive compensation regardless of who procures the buyer is exclusive right to sell because the agent is granted the right to sell the property and the seller agrees to pay the comission if the property is sold during the time of the listing last and it doesn't matter who finds the buyer.

7 0
4 years ago
Other questions:
  • The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund is set up wit
    9·1 answer
  • Myron quit gambling after he lost over a thousand dollars betting on horse races. this best illustrates the effects of:
    11·2 answers
  • Whats better, be an hour early to work, or 15 minutes late?
    5·1 answer
  • Vernon, the chief human resources officer at a consultancy firm, prepares a plan formally detailing the dos and don'ts of the co
    14·1 answer
  • Consider the market for film streaming services, tv sets, and movie tickets.for each pair, identify whether they are complements
    10·1 answer
  • A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
    10·1 answer
  • A business initially sells their product to customers for $50. They find that many people are buying their product so they rise
    12·2 answers
  • American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed const
    7·1 answer
  • Which of the situations is an example of the crowding-out effect on investment as it pertains to macroeconomics? The government
    12·1 answer
  • A company discarded a display case it had originally purchased for $8,000. the case had $7,200 worth of accumulated depreciation
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!