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
dolphi86 [110]
3 years ago
12

Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment

were: transportation costs, $1,000; sales tax paid $3,000; and installation cost, $2,500. The cost recorded for the equipment was:
A. $60,000
B. $61,000
C. $64,000
D. $66,500
Business
1 answer:
user100 [1]3 years ago
4 0

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

You might be interested in
Which statement best explains why this passage is an effective use of rhetoric?
erma4kov [3.2K]

Answer:B

Explanation:

6 0
3 years ago
Read 2 more answers
A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocate
shtirl [24]

Answer:

$8,000

Explanation:

The computation of the monthly rental expense allocated is shown below:

Rent allocated to 1st floor:

= $30,000 × 2 ÷ 3

= $20,000

There is 50,000 square feet i.e. equally divided between first floor and second floor. so 25,000 square feet for each floor.

Now  

Rent allocated to 10,000 square feet:

= ($20,000 ÷ 25,000) × 10,000

= $8,000

8 0
3 years ago
QUESTION 10
melisa1 [442]

Answer:

business

Explanation:

Business is a term that generally describes a firm, company, or individual's combined activities, or system that deal with the creation of commodities or services for the purpose of meeting the targeted consumers' demands.

In order to meet the targeted consumers' demands, businesses transform lower-value inputs into high-value outputs.

Hence, in this case, the correct answer is BUSINESS

5 0
3 years ago
The market demand curve for a normal good will shift to the left ​(decrease​) when the price of a substitute good ▼ increases de
suter [353]

1. decreases 
2. increases3. decreases
4. decreases  
The answers here require you to understand the terms involved. So let's look at the options and see what is what.  
1. The price of a substitute good â–Ľ increases decreases​ 
* A substitute good is some good that can be used as a substitute for another good. So if that substitute becomes cheaper, it will be used more as a substitute for the original good. So the answer is "decreases"  
2. The price of a complementary good ▼ decreases increases​,
 * A complementary good is a good that's used in conjunction with another good. Something like milk and cookies. As more cookies are consumed, more milk is desired to go along with the cookies. So increasing the price of the complementary good will decrease the demand of the other good. So the answer is "increases"  
3. Consumer income â–Ľ increases decreases 
* If the consumer has less money to spend, then spending on non-essential goods will decrease. So the answer is "decreases".  
4. Population â–Ľ decreases increases 
* A smaller population is a reduced consumer base, so fewer goods are purchased. The answer is "decreases"
7 0
3 years ago
A $200,000 loan amortized over 13 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove
kvasek [131]

Answer:

Loan amount = $184,193.95

Explanation:

Interest will remain same each year. Interest per year = 200,000*10% = $20,000

Installment                   $21,215.85

Less: Interest               <u>$20,000</u>

Payment to Principal <u>$1,215.85</u>

Total principal repaid in 13 years = $1,215.85 * 13 years = $15,806.05

So, the principal left = $200,000 - $15,806.05 = $184,193.95

3 0
3 years ago
Other questions:
  • Eduardo goes to his mentor, Mateo, to get tips for improving his performance. Administrative While reviewing his goals for the y
    13·1 answer
  • Micro Advantage issued a $5,250,000 par value, 15-year bond a year ago at 94 (i.e., 94% of par value) with a stated rate of 10%.
    9·1 answer
  • The graph shows a point of equilibrium. A graph has Quantity supplied on the x-axis and price in dollars on the y-axis. A line t
    9·2 answers
  • Describe Classical Theory. To do so, begin by describing its approach to the circular flow model and indicate its assumption abo
    6·1 answer
  • Contribution margin is:
    15·1 answer
  • Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Co
    14·1 answer
  • Which of the following are properties of a savings account? Select all that apply.
    11·2 answers
  • The Thomlin Company forecasts that total overhead for the current year will be $11,415,000 with 180,000 total machine hours. Yea
    13·1 answer
  • Which of the following is NOT a repayment plan option?
    12·1 answer
  • A business would like to invest in a new product, but they are short on extra
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!