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Flura [38]
2 years ago
8

Beaverton Lumber purchased a milling machine for $35,000. In addition to the purchase price, Beaverton made the following expend

itures: freight, $1,500; installation, $3,000; testing, $2,000; personal property tax on the machine for the first year, $500. What is the initial cost of the machine?
Business
1 answer:
salantis [7]2 years ago
3 0

Answer:

$41,500

Explanation:

Calculation to determine What was the initial cost of the machine to be capitalized

Purchase price $35,000

Add Freight $1,500

Add Installation $3,000

Add Testing $2,000

Total Cost $41,500

Therefore the initial cost of the machine is $41,500

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Karen Wilson Construction Company is considering the acquisition of a new bulldozer. Big Tools, Inc. has offered to lease the eq
zlopas [31]

Answer:

a) 175,437.77

b)

\left[\begin{array}{ccccc}Year&Beg Principal&Interest&Installment&Ending\\1&175437.77&15789.4&-24500&166727.17\\2&166727.17&15005.45&-24500&157232.62\\3&157232.62&14150.94&-24500&146883.56\\4&146883.56&13219.52&-24500&135603.08\\5&135603.08&12204.28&-24500&123307.36\\6&123307.36&11097.66&-24500&109905.02\\7&109905.02&9891.45&-24500&95296.47\\8&95296.47&8576.68&-24500&79373.15\\9&79373.15&7143.58&-24500&62016.73\\10&62016.73&5581.51&-24500&43098.24\\\end{array}\right]

\left[\begin{array}{ccccc}11&43098.24&3878.84&-24500&22477.08\\12&22477.08&2022.94&-24500&0.02\\\end{array}\right]

(I split into two arrays as I couldn't put  the entire information into one)

c) because of the time value of money the principal generates interest over time making the installment pay up both concept principal and interest.

d) they decrease as the principal decreases over time as the lease payment exceeds the interest accrued over the year.

Explanation:

a) it will record at the present value of the lease payment annuity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 24,500

time 12

rate 0.09

24500 \times \frac{1-(1+0.09)^{-12} }{0.09} = PV\\

PV $175,437.7693

b)

we build the table starting withthe beginning lease value

calcualte the interest accrued over the year and subtract the lease payment

this makes a new balance of the loan principal which start the process again until it is fully paid.

5 0
2 years ago
A local restaurant has promised to provide a combination of hamburger meal and hot dog meal at a local fundraiser. They have pro
Bezzdna [24]

Answer:

Minimize Z = 3x + 2y

Explanation:

Let x represent hamburger meal and let y represent hot dog meal. The objective is to minimize the total cost. The objective function will be

Z = 3x + 2y

The maximum capacity of restaurant is 200 meals while it has minimum cap for 100 meals.

6 0
2 years ago
________________ and __________________ are creating customers who are educated about their needs and all the available options
iogann1982 [59]

Demand and supply are creating customers who are educated about their needs and all the available options for meeting those needs.

Demand is when people are willing to buy and pay for goods and services at a certain time, while supply is the amount of goods and services available by suppliers to consumers.

There is usually an interaction between the sellers of a resource and the buyers for that resource hence supply create and make available resources while demand pay for the available resources.

Therefore, Demand and supply are creating customers who are educated about their needs and all the available options for meeting those needs.

Learn more: brainly.com/question/4803223

3 0
2 years ago
Lenny works for Mechanical Engineers, P.A. While working on a Mechanical Engineers project, Lenny is injured. Under state worker
KengaRu [80]

Answer: accidental.

Explanation: under the state workers compensation laws, Lenny would be compensated only if his injury was accidental. The law aims to protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.

Furthermore, state compensation laws are put in place in every state to protect employees against loss of income and for medical payments because of work-related injuries, accidents, illness, or disease.

3 0
3 years ago
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $48,000. Assuming that the fixed monthly expense
Kryger [21]

Answer:

The best estimate of the company's net operating income in a month is  <u>$34,800</u>.

Explanation:

This can be calculated using the following steps:

Step 1: Calculation of contribution margin

This can be calculated using the formula for calculating the contribution margin ratio as follows:

Contribution margin ratio = Contribution margin / Sales ........... (1)

where,

Substituting the values in the question into equation (1) and solve for contribution margin, we have:

60% = Contribution margin / $138,000

Contribution margin = 60% * $138,000 = $82,800

Step 2: Estimation of the company's net operating income in a month

This can be calculated using the following formula:

Net operating income = Contribution margin - Fixed expenses ......... (2)

Substituting the $82,800 obtained in Step 1 for contribution margin and the fixed monthly expenses of $48,000 in the question into equation (2), we have:

Net operating income = $82,800 - $48,000 = $34,800

Conclusion

From Step 2 above, the best estimate of the company's net operating income in a month is therfore <u>$34,800</u>.

4 0
3 years ago
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