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kicyunya [14]
3 years ago
15

Whole Grain Bakery purchases an industrial bread machine for $24,500. In addition to the purchase price, the company makes the f

ollowing expenditures: freight, $1,450; installation, $2,900; testing, $950; and property tax on the machine for the first year, $490.Whole Grain Bakery purchases an industrial bread machine for $24,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,450; installation, $2,900; testing, $950; and property tax on the machine for the first year, $490.
Required:
What is the initial cost of the bread machine?
Business
1 answer:
Shkiper50 [21]3 years ago
7 0

Answer:

$29,800

Explanation:

Calculation to determine initial cost of the bread machine

INITIAL COST

Purchase Price: $24,500

Freight: $1,450

Installation: $2,900

Testing: $950

Total cost of the bread machine: $29,800

Therefore initial cost of the bread machine is $29,800

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3 years ago
The government of Ruritania has implemented many programs that promote equality, but has become concerned about the very slow ra
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Explanation:

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The Government of Ruritania is therefore most likely to combine reducing Social programs as well as reducing taxes. This will have the effect of leaving the Government with some money as it loses revenue from taxes whilst also enabling the public to have more money to invest and to spend which will then lead to Economic growth.

8 0
3 years ago
Consider three investment plans at an annual rate of 9.38%.
PolarNik [594]

Answer:

Investor A = $545216 .

Investor B = $352377

Investor C = $897594

Explanation:

Annual rate ( r )  = 9.38%

N = 41 years

<u> Calculate the balance at age of 65</u>

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balance at the end of 10 years

= $2000 (FIA, 9.38 %, 10) (1 + 0.0938) ≈ $33845

Hence at the end of 65 years ( balance )

= $33845 (FIP, 9.38 %, 31) ≈ $545216 .

2) For investor B

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= $2000 (FIP, 9.38%, 31) = $322159 x (1 + 0.0938) ≈ $352377

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7 0
3 years ago
The responsibility for evaluating new technologies, new ideas, and new capabilities and identifying those that are most relevant
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The chief technology officer (CTO) is the highest technical leadership position within a company, leading the technical or engineering department. Create policies and procedures and use technology to improve our external customer-focused products and services.

The Chief Technology Officer (CTO) is the executive responsible for overseeing the entire IT department and integrating business needs and requirements into IT planning and operations. It's important to distinguish their role from that of the Chief Information Officer (CIO). The Chief Information Officer (CIO) role focuses on technology that internally guides an organization through the management of its infrastructure. The Chief Technology Officer has a job description focused on developing technologies for customer sales and the external growth of the company. The CTO and her CIO often combine their technical and engineering knowledge to work together for the benefit of the entire organization.

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5 0
2 years ago
A payday loan company charges 6.00 percent interest for a two-week period. What is the annual interest rate? (Do not round inter
Mashcka [7]

Answer:

The annual interest rate is 156  percent

Explanation:

If   6.00 percent interest for a two-week period then annual interest rate =

rate for a two-week period * (52 weeks/ 2 weeks)  = 0,06 * 26 = 1,56

1,56 * 100 =  156  percent for a year period

<u>Note</u>: One year have 52 weeks

8 0
3 years ago
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