Answer:
D. $34910
Explanation:
The computation of the equipment cost is shown below:
= Purchase value of equipment + sales tax on purchase + freight charges incurred + installation cost
= $32,500 + $1,550 + $420 + $440
= $34,910
For computing the equipment cost we added the purchase value, sales tax, freight charges and the installation cost
The damages cost is not a part of the cost of equipment
Answer:
Turn-key project
Explanation:
Based on this scenario, it can be said that the foreign entry mode being used is known as a Turn-key project. This term refers to when a construction project is completely undertaken by the developer and they take full responsibility of from the design to the completion of the entire project, thus handing the project to the buyer and in ready to use condition. Which is exactly what Southwest Petroleum is doing for its clients.
Answer: Wages would drop in certain industries.
Explanation:
The Fair Labor Standards Act of 1938 allows for a minimum wage provision and it is based on this that a minimum wage is set at the Federal level.
If this law is repealed, some employers would decrease the wages they pay their employees so that they can make more profits. This might work in certain industries especially ones that require little skill due to the number of people who want jobs in those industries.
It would not work in a lot of other industries and employees would simply stop working if they are offered such low wages based on the perception that their skills deserve more compensation.
Then there are the Unions who would try to protect their members from wage decreases and would therefore push back against the employers.
Bottom-line is that employers might try to reduce the wages but they would only be partly successful.