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givi [52]
3 years ago
11

Hummer Company purchased a delivery truck. The total cash payment was $30,020, including the following items. Negotiated purchas

e price $24,000 Installation of special shelving 1,100 Painting and lettering 900 Motor vehicle license 180 Annual insurance policy 2,400 Sales tax 1,440 Total paid $30,020 Calculate the cost of the delivery truck.
Business
1 answer:
Romashka [77]3 years ago
3 0

Answer:

27,440

Explanation:

Negotiated price 24,000

Installation of special shelving 1,100

Painting and lettering 900

Sales tax 1,440

24000 + 1100 + 900 + 1440 = 27440

Motor vehicle license and annual insurance policy are not a part of the actual cost. It is a part of some other things, eg upkeep of the truck

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Pro forma financial statements are the most comprehensive means of financial forecasting. projections of financial statements fo
nadezda [96]

Answer:

The correct answer is All of the options are true.

Explanation:

Proforma financial statements are projected statements. Generally, the data is forecast one year in advance, for example, in a transformation company the proforma status obtained based on the master budget is very complete, all projections are seen starting with the sales forecast and from this They make the other projections.

The Proforma Financial Statements are states that contain, in whole or in part, one or more assumptions or hypotheses in order to show what the financial situation or the results of the operations would be if they occurred.

5 0
3 years ago
A few days before the end of the term of a two-year NDA (non-disclosure agreement) he signed with a startup company related to a
Tom [10]

Answer:

Explanation:

If I was Frank I wouldn’t have disclosed the information from one company to the next, it is unethical and with an NDA information shouldn’t be passed on. Even though, it may have been an opportunity for the company he got hired and a threat to the company he disclosed the information from.

5 0
3 years ago
Read 2 more answers
A higher price point should create value for the customer. The buyers need to know that they are paying for __________, or an un
nlexa [21]

Answer:

Differentiation.

Explanation:

The concept of value for the customer corresponds to the expectation that the product will meet the needs, desires and features that he expects.

The customer's perception of the concept of value is affected in rational and irrational ways, such as brand image, product performance, high price, etc.

Therefore, when a company offers a product at a higher price, it is passing on to the consumer the higher production cost of an item, which has features that add greater value and functionality, such as differentiation, personalization or an unforgettable customer experience.

Differentiated products are those produced in a more heterogeneous way compared to standard products, therefore differentiated products have distinct characteristics that add greater value, such as new features, technology, design, durability, style, etc.

3 0
3 years ago
Delta Company sells bells to customers for $1 each. The variable cost to manufacture the bells is 10 cents. If the rattle depart
ale4655 [162]

Answer:

Option C. $0.11

Option D. $0.95

Explanation:

As we know that the Transfer Price is set at either selling price for an outside market or variable cost plus opportunity cost if the product sold is to internal market present within the organization (Inter group or inter division sales).

However, the division can still charge upper limit price to the division which is $1 market price of the product.

Upper limit = $1

As it is given that the selling of the additional units will be among divisions which means its inter division market. Hence the lower limit will be used here.

Lower Limit = Variable cost + opportunity cost

Here

Variable cost is $10 cents

And

Opportunity cost will be zero here as the division will be using its excess capacity to sell to the other division, so there is no opportunity cost.

So, by putting values, we have:

Lower Limit = $0.1 - $0 = $0.1

Upper limit = $1

Thus the transfer price set for each bell can be between $1 and $0.1. So the $0.11 and $0.95 falls between these range and both are correct options here.

4 0
3 years ago
Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bul
leonid [27]

Answer: It involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries

Explanation:

Development involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. Technology is also influenced by technological change.

The least developed countries have most of their populations employed in the primary sector like agriculture and haven't completed the transition from manufacturing to services and have not yet entered the information age.

5 0
3 years ago
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