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Cloud [144]
3 years ago
6

Vaughn Manufacturing purchased equipment for $39200. Sales tax on the purchase was $2352. Other costs incurred were freight char

ges of $588, repairs of $343 for damage during installation, and installation costs of $657. What is the cost of the equipment
Business
1 answer:
Ber [7]3 years ago
3 0

Answer:

the cost of the equipment is $42,979

Explanation:

The computation of the cost of the equipment is as follows:

= Purchase value of an equipment + sales tax on the purchase + other cost incurred + installation cost

= $39,200 + $2,352 + 588 + $657

= $42,979

Hence, the cost of the equipment is $42,979

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Cruiseline offers nightly dinner cruises off the coast of​ Miami, San​ Francisco, and Seattle. Dinner cruise tickets sell for $
sertanlavr [38]

Answer:

a. Contribution margin per passenger ($50-$20) = $30

b. Contribution margin ratio (30/50) = 60%

c. Operating Income  (390000-270000) = $120,000

d. Operating Profit = $42,000

Explanation:

a. Contribution formula = Sale - Variable Cost

Sale price per passenger = $50

Variable Cost per passenger = $20

Contribution margin per passenger ($50-$20)  = $30

b. Contribution Margin ratio formula = Contribution/Sale

Sales per passenger = 50

Contribution per passenger = 30

Contribution margin ratio (30/50) = 60%

c. Operating profit = Contribution margin- Fixed Cost

Monthly sale total for 13000 passenger

Sale per passenger = $50

Total sale for 13000 passenger 13000*50 = $650,000

Contribution Margin per passenger =$30

Total Contribution margin for 13000 passenger = 13000*30 =                                    $390,000

Less: Fixed Cost = 270,000

Operating Income  (390000-270000) = $120,000

d. Contribution margin formula= (Sale x Contribution margin ratio)

Contribution margin = (520000*60%) = $312,000

Less: Fixed Cost = 270,000

Operating Profit = $42,000

3 0
3 years ago
Read 2 more answers
_______ are special-purpose printers that use output from graphics tablets or other graphical input devices that are typically f
strojnjashka [21]

Answer:

The correct word for the blank space is: Plotters.

Explanation:

Plotters are high precision printing and cutting devices. They are used to print plans and projects. They are considered external devices that allow drawing o scheme diagrams and graphs. There are monochromatic plotters and other versions of four, eight, and twelve colors.

5 0
3 years ago
The rule of supply and demand says that
LuckyWell [14K]

Answer:

C ) As demand increases,price increases

4 0
3 years ago
Read 2 more answers
Suppose the GDP of Australia is 100,000 AUD and the exchange rate between AUD and USD is 1.34 AUD=$1. What is the GDP of Austral
Hitman42 [59]

Answer:

The value of GDP in dollars = $74600

Explanation:

Given the GDP (gross domestic product) of Australia = 100000 AUD

Given the exchange rate, 1.34 AUD = $1.

Since we have given the total amount of GDP for Australia and exchange rate. Now we have to calculate the value of Australian GDP in the dollars. We can find this by dividing the total GDP with 1.34 AUD.

The value of GDP in dollars = 100000 / 1.34 = $74626.86 or $74600.

4 0
3 years ago
The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $79,000 to an employee of the company and r
OLEGan [10]

Answer:

a.

1 July 2017  Notes receivable      $79000 Dr

                           Cash                           $79000 Cr

b.

31 Dec 2017  Interest receivable   $3950 Dr

                           Interest revenue        $3950 Cr

c.

30 June 2018  Interest receivable     $3950 Dr

                              Interest Revenue       $3950 Cr

1 July 2018       Cash                             $7900 Dr

                             Interest receivable       $7900 Cr

d.

1 July 2018   Cash                                   $79000 Dr

                             Notes receivable             $79000 Cr

Explanation:

a.

The receipt of note against issuing loan will cause a credit to cash against notes receivable.

b.

The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.

The interest expense for 6 months is = 79000 * 0.1 * 6/12 = 3950

c.

First we will record the remaining interest on 30 June 2017. Remaining interest = 7900 - 3950 = 3950

Then we will debit cash on July 1 when interest is received and credit interest receivable to close the account.

d.

The cash will be debited and notes receivable account will be closed by crediting it.

8 0
3 years ago
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