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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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Garrett Company provided the following information:
uysha [10]

Answer:

Overall operating profit will decrease by $25,000

Price is $32.5

Explanation:

A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.

In a shut down decision , the following relevant cash flows should be considered:

1. Lost contribution from the product to be shut down

2. Savings in fixed directly attributable to the product under consideration.

                                                                                          $

Lost contribution from products 2  

(15-10)× 20,000                                                            (100,000)

Savings in direct fixed cos                                        <u>   75,000</u>

Net loss from the drop of product 2                         <u>  (25,000)</u>

Overall operating profit will decrease by $25,000

Mark up is the proportion of cost as profit

Price = cost + (mark-up %×  cost

Price = 25 + (30%× 25) = 32.5

Price is $32.5

3 0
3 years ago
Mention ONE other source of wealth other than inheritance
Cloud [144]

Answer:

Power is another source other than inheritance.

Hope this helped you!

Explanation:

6 0
3 years ago
Read 2 more answers
10) A worker performs a repetitive assembly task at a workbench to assemble products. Each product consists of 25 components. Va
erik [133]

Answer:

a.9.313hr

b.116.4%

c.104.0%

Explanation:

(a) Hstd= 75(7.45)/60 = 558.75/60 = 9.313 hr

(b) Ew= 9.313/8.0 = 1.164 = 116.4%

(c) Time worked = 480 – 13 = 467 min

Tc= (467 min)/(75 pc) = 6.227 min/pc

Tn= 7.45/(1 + 0.15) = 6.478 min/pc

Pw= 6.478/6.227 = 1.040 = 104.0%

6 0
3 years ago
Suppose gold​ (G) and silver​ (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th
maksim [4K]

Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980

Equilibrium price of gold is $1,300 and the price of silver is $980.

8 0
3 years ago
The cash operating cycle for a merchandiser begins with cash purchases of merchandise and ends with _____.
netineya [11]

The cash operating cycle for a merchandiser begins with cash purchases of merchandise and ends with receipt of cash.

<h3><u>What is a merchandise?</u></h3>
  • Any form of items, including those used for personal or professional purposes, as well as goods sold to the general public (retail) or other enterprises, are referred to as merchandise (wholesale).
  • 'Freebies', or promotional things like the bespoke drink bottles in this example that are given away or not charged for, can also be referred to as merchandise.
  • Calendars, magnets, wall art, stationery, greeting cards, textiles, badges, and a wide variety of other goods may be included in this category.
  • A T-shirt with a slogan or logo that a political party distributes to voters during an election campaign or a calendar with a logo that a supplier offers its clients at the end of each year are two examples of freebie products.

Buying merchandise can be done with cash or on credit. The accounts involved in the transaction are the purchases account and the cash account if goods are paid for in cash. It debits the purchases account and credits the cash account.

Know more about Merchandise with the help of the given link:

brainly.com/question/15546663

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2 years ago
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