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BaLLatris [955]
3 years ago
9

A pump has failed in a facility that will be completely replaced in 3 years. A brass pump costing $6000 installed will last 3 ye

ars. However, a used stainless steel pump that should last 3 more years has been sitting in the maintenance shop for a year. The pump cost $13,000 new. The accountants say the pump is worth $7000 now. The maintenance supervisor says that it will cost an extra $500 to reconfigure the pump for the new use and that he could sell it used ( as is) for $4000. (a) What is the book cost of the stainless steel pump
Business
1 answer:
Kamila [148]3 years ago
8 0

Answer: $7,000

Explanation:

The book value of the pump is the same as the value stated by the accountants.

The accountants are skilled in the field and most probably used accounting assessment techniques which were based on certain assumptions by accounting bodies so their valuation of the pump is to be considered the book value.

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babymother [125]

Answer: Full service retailer

Explanation: In a full service retailing a business organization makes use of fully trained personnel to actively attend to each customer demands. These sales representative answers questions about the product while outlining benefits of purchasing the product to the purchaser.

The carat organization is actively using the full service retailing method. Where each customer is actively attended to and appropriate explanation on the product is given

6 0
3 years ago
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received
fiasKO [112]

Answer:

a) The after-tax cost if Isabel pays the $34,000 bill in December is equal to $24,000.

b) The after-tax cost if Isabel pays the $34,000 bill in January is equal to $21,523.

Explanation:

Note: See the attached excel file for how the answers are calculated and note the alphabets A  to I for how is cell is calculated.

Download xlsx
7 0
3 years ago
An analysis procedure that uses percentages to compare each of the parts of an individual statemtns to a key dollar amount from
nydimaria [60]

Answer:

C) Vertical analysis.

Explanation:

Under the vertical analysis of financial statement, there is no a comparison with any past year performance as that is done in horizontal analysis.

Basically the first item that is sales revenue is marked as an 100% item, in this analysis, and all other cost items are shown as a percentage of this sales total value.

Everything shows the relation of sales value and that particular item. This helps in assessing which part of cost consumes the maximum revenue.

8 0
3 years ago
All else held constant, an increase in the price of tablets will result in a
EleoNora [17]

Movement up and to the left along the demand curve for tablets.

3 0
3 years ago
Read 2 more answers
What have you learned about yourself as a consumer and the role you play that you hadn’t realized before? financial
Butoxors [25]

Answer:

My role as a consumer does much more than benefit me.

Explanation:

When I purchase goods or services, not only does the money I spend re-enter the monetary cycle, it also gives the producer money to continue providing their wares to other people. In a way, the economic system we live in is a lot like a natural ecosystem. Every action we take, be it buying or selling, serves to benefit or punish someone else.

6 0
2 years ago
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