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givi [52]
3 years ago
8

A solar panel dealer acquires a used panel for $9,000, with terms FOB shipping point. Compute total inventory costs assigned to

the used panel if additional costs include:_______.∙ $1,500 for sales staff salaries. ∙ $135 for shipping insurance.∙ $280 for transportation-in by train. ∙ $550 for used panel restoration.∙ $110 for online advertising. ∙ $300 for lawn care.
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer: $‭9,965‬

Explanation:

FOB Shipping point is a shipping condition that means that the buyer takes over the ownership and control of the inventory as soon as the seller ships it. Everything afterwards is therefore the responsibility of the buyer.

As the following costs come after shipping, they will be included in the acquisition cost;

= Acquisition cost + shipping insurance + transportation-in by train + used panel restoration

= 9,000 + 135 + 280 + 550

= $‭9,965‬

<em>Sales staff salaries, online advertising and lawn care are not related to the inventory. </em>

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Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
BartSMP [9]

Answer:

$197,263.7

Explanation:

The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,

the interest rate will be -6%

The formula for compound interest is  FV = PV × (1+r)^n

in this case

FV= current value

PV= $237,500

r= -6% or -0.06%

n= 3 years

Fv= $237, 500 x ( 1 + (-0.06)^3

Fv=$237,500 x (0.94)^3

Fv= $237,500 x 0.830584

Fv= $197,263.7

The current value =$197,263.7

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3 years ago
The amounts reported for assets and liabilities in the total column for the combining balance sheet for nonmajor governmental fu
torisob [31]

Answer: True

Explanation:

Governmental funds refers to the assets, money, or property, of the government.

It should be noted that the non major governmental fund is also a form of fund as well and therefore, the amounts that are reported for assets and liabilities in the total column for the combining balance sheet for the nonmajor governmental funds will also have to be reported in the other governmental funds column of the governmental funds balance sheet.

Therefore, the correct option is True

8 0
3 years ago
One day, Barry the Barber, Inc., collects $500 for haircuts. Over this day, his equipment depreciates in value by $80. Of the re
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Answer:

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= $500

<em>GDP is the final value of goods and services. The haircut is valued at $500 so is GDP. </em>

Net National Product:

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= $420

<em>This is the income that a resident of the country earns and $420 is what Barry earned in net income.</em>

Personal Income

= National income - Retained earnings

= 420 - 120 - 50

= $250

Disposable Personal Income (Dollars)

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The agent will probably further inquire about the following to give you an estimate on auto insurance:

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<h3>A car insurance quotation is what?</h3>

A car insurance quotation is an estimate of your monthly premium. No two quotes will be identical, regardless of whether you provide Geico, Progressive, or any other carrier with the same information, as each insurer uses a separate algorithm to calculate a car insurance price.

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