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vladimir1956 [14]
2 years ago
6

Worthington Chandler Company purchased equipment for $12,000. Sales tax on the purchase was $800. Other costs incurred were frei

ght charges of $200, repairs of $350 for damage during installation, and installation costs of $225.
What is the cost of the equipment?
a. $12,000b. $12,800c. $13,225d. $13,575
Business
1 answer:
insens350 [35]2 years ago
3 0

Answer:

d. $13,575

Explanation:

The cost of the equipment includes all the cost incurred to bring the equipment to a state where it becomes available for use.

These costs are the cost of the equipment, sales tax, freight, repairs during installation and installation cost.

Therefore,

Cost of the equipment = $12,000 + $800 + $200 + $350 + $225

                                       = $13,575

The right option is d. $13,575.

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Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock
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Answer:

Book value par common share will be $19.6

Explanation:

We have given number of preferred stock = 1000

Value of preferred stock = $10 par preferred stock

So preferred Stock = 1000 x $10 = $10000

Total Stockholder's equity = $500000

Thus Common stock value = $500000 - $10000 = $490000

Total number of common stock = 25000 shares

So the book value per common share is = \frac{490000}{25000}=19.6

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3 years ago
Coronado University sells 5,900 season basketball tickets at $210 each for its 12-game home schedule.
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Answer:

Explanation:

The journal entries are shown below:

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(Being the sale of the season tickets are recorded)

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A finance lease agreement calls for quarterly lease payments of $4,625 over a 15-year lease term, with the first payment on July
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Answer:

The Lease amortization schedule is attached in pdf format with this answer please find.

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Download pdf
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How are prices determined in a free market economy​
professor190 [17]
If it’s free then I don’t think they need to determine the price bc it’s free
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What term describes the relationship between the flow rate and the capacity of each labor resource that works in a process
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The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.

<h3>What is a flow rate in production?</h3>

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Read more about flow rate

<em>brainly.com/question/24356835</em>

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