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Neporo4naja [7]
3 years ago
14

Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $37,500. In addition,

Jose incurred the following expenses before using the van: shipping costs of $850; paint to match the other fleet vehicles at a cost of $1,480; registration costs of $2,913, which included $2,700 of sales tax and a registration fee of $213; wash and detailing for $101; and an engine tune-up for $269.
What is Jose�s cost basis for the delivery van?
Business
1 answer:
Wittaler [7]3 years ago
3 0

Answer:

$42,530

Explanation:

The computation of cost basis for the delivery van is shown below:-

Cost basis for the delivery van = Purchase price + Shipping cost + Paint + Sales tax

= $37,500 + $850 + $1,480 + $2,700

= $42,530

Here the shipping cost, paint, sales tax is business preparation cost. So, for computing the cost basis of delivery van we simply added the purchase price, shipping cost, paint and sales tax.

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Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units
4vir4ik [10]

Answer:

The COGS for the June 1st sale is $17 per unit, and the COGS for the August 27th sale is $20 per unit.

Explanation:

<u>Date</u>       <u>Number of units</u>     <u>Unit balance</u>      <u>Unit cost</u>      <u>Average cost</u>

May 7                40                      40                      $17                $17

June 1               (20)                     20                                           $17

July 28              30                      50                     $22               $20

August 27        (30)                     20                                           $20

The average COGS after the purchase on July 28 = [(20 x $17) + (30 x $22)] / 50 = ($340 + $660) / 50 = $20

           

6 0
3 years ago
The selection of an appropriate inventory cost flow assumption for an individual company is made by
Butoxors [25]

Answer: Management

Explanation:

The management is one of the type of organization that manage the various types of business activities for the purpose of achieving the goals and the following are some main function of the management are as follows:  

  • Controlling the system
  • Planning the overall function
  • Organizing

 According to the given question, the selection of the inventory cost flow in the system by the company then it is known as the management as it handles all the inventory business of the various types of products and the services in the management.

  Therefore, Management is the correct answer.  

3 0
3 years ago
Marilyn, Bob, and Carl all believe a certain defendant is probably guilty and should be sentenced. Individually their recommenda
bazaltina [42]

Answer:

Explanation:

Group polarization is a concept in social psychology where the decision made by a group of people is more extreme to the decision made by the individual members of the group.

The members of the group recommended 3,5,7 years as prison sentence individually but 10 years together. 10 years is more extreme when compared to the sentences recommended individually.

I hope my answer helps you.

5 0
4 years ago
The core power of personal selling, and primary source of its persuasiveness, draws from the opportunity sales people enjoy to:
hjlf

Answer:

listen to prospects and customers                        

Explanation:

Personal marketing takes place when a salesperson interacts with a prospective customer to make a deal.

Personal selling could be described as ' the system of individual-to-individual contact between a salesman and a potential consumer, where the prior discovers about the desires of the consumer and tries to meet those needs by giving the client the opportunity to purchase anything of interest, such as goods or services.

word can also be utilized to describe the state where a corporation employs a sales team as among the primary ways in which it interacts with consumers.

8 0
3 years ago
In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?
solong [7]
You have no insurance.
7 0
3 years ago
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