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Sonbull [250]
2 years ago
14

Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees and county property tax of $

125 on the machine. In addition, Cominsky paid $500 shipping charges for delivery, and $475 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,000.
Determine the depreciation base of Cominsky’s new machine. Cominsky uses straight-line depreciation.
Business
1 answer:
sammy [17]2 years ago
5 0

Answer:

Deprecation base=$26,300

Explanation:

Given Data:

Cost of machine=$28,000

Tax=$125

Fees=$200

Shipping charges=$500

Paid to contractor to build and wire a platform for the machine=$475

Salvage value=$3000

Useful life = 6 years

Required:

Depreciation base of Cominsky's new machine=?

Solution:

Deprecation base=Acquisition Cost-Salvage Value

Acquisition Cost:

It is the cost which involves the buying of asset and making the asset to work. In our case:

Acquisition Cost=Cost of machine+Tax+Fees+Shipping charges+Paid to contractor to build and wire a platform for the machine

Acquisition Cost=$28,000+$125+$200+$500+$475

Acquisition Cost=$29300

Deprecation base=Acquisition Cost-Salvage Value

Deprecation base=$29300-$3000

Deprecation base=$26,300

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PC​ Solutions, Inc. provides services to corporate and individual customers. During the month of​ June, the corporate business s
lord [1]

Answer:

The contribution margin from each customer of the individual business segment is $24.75

Explanation:

Contribution margin from each customer of the individual business:

Customers = 400

Revenue = $35000

Variable cost = $25100

Total Contribution margin = Revenue – Variable cost

                                            = $35000 - $25100

                                            = $9900

Contribution margin from each customer of the individual business :-   = Total Contribution margin/customers

= $9900/400

= $24.75

Therefore, The contribution margin from each customer of the individual business segment is $24.75

3 0
3 years ago
Moe has entered into a contract with Larry. Subsequently, Moe assigns his rights in that contract to Curly. Which of the followi
bazaltina [42]

Answer:

Larry protests the assignment and demands that Moe not make the assignment.

Explanation:

An assignment is defined as the transfer of the responsibility of performing a task or contract to another person.

In this instance Moe is trying to assign the contract he has with Larry to Curly.

Curly will now take responsibility for the execution of the contract.

Assignment is allowed if performance of the task is assured, and the other party has no grounds to object if performance will not be affected.

The situation where the assignment will not be prevented is when Larry protests the assignment and demands that Moe not make the assignment.

However the assignment can be prevented if there is an anti-assignment clause, violate public policy, or materially alter Larry's duties and cause an increased burden or risk to Larry.

4 0
3 years ago
You are given the following information concerning Around Town Tours:Debt: 7,500, 6.8 percent coupon bonds outstanding, with 11
gtnhenbr [62]

Answer:

9.0%

Explanation:

Calculation to determine the WACC for this firm

First step

Common stock=284,000 × $68

Common stock= $19,312,000

Second step is to calculate the Preferred stock

Preferred stock=9,000 × $88

Preferred stock= $792,000

Debt= 7,500 × .979 × $1,000

Debt = $7,342,500

Value = $19,312,000 + 792,000 + $7,342,500

Value= $27,446,500

Second step

RE = .041 + 1.04(.146-.041)

RE= .1502

RE = ($2.62 /$68) + .025

RE= .0635

Average RE = (.1502+ .0635)/2

Average RE = .1069

RP = $8/$88

RP = .0909

Fourth step

$979 = [(.068 × $1,000) / 2] × ({1- 1 / [1 + (r/ 2)]22} / (r / 2)) + $1,000 / [1 + (r / 2)]22

r = 7.08 %

Now let calculate the WACC

WACC = ($19,312,000/$27,446,500)(.1069) + ($792,000/$27,446,500)(.0909) + ($7,342,500/$27,446,500)(.0708)(1 -.34)

WACC= .090*100

WACC=9.0 %

Therefore the WACC for this firm is 9.0%

7 0
3 years ago
Effective _______ is when customers can seamlessly search for a fashion brand merchandise on their smartphones, order the mercha
laila [671]

Answer:

Omnichannel distribution

Explanation:

Omnichannel distribution from the Latin word "Omni" could mean every distribution.

Omnichannel distribution is a type of distribution that allows customers to make an order online through their phones and laptops and make purchases in a brick-and-motar store. It provides customers with various options of making purchases.

Omnichannel distribution enhances good customer relations and it provides customers with different Shopping experiences. It makes it easier for customers to make an order as well as make a complaint.

It is a method of distribution, promotion and marketing of goods to customers using various medium such as phone calls, emails, websites, mobile applications, brick-and-motar store.

3 0
2 years ago
Need help pls!!!
saveliy_v [14]
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