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2 years ago

Which of the following should be included in the acquisition cost of a piece of equipment?

Business

1 answer:

Mkey [24]2 years ago

6 0

The correct answer is choice d, all are correct.

When calculating the acquisition cost of a piece of equipment it should be the all inclusive cost of the equipment. The cost should include all transportation, installation, site preparation, sales or other taxes and testing costs prior to placing the equipment into production.

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AJ Manufacturing Company incurred $54,000 of fixed product cost and $43,200 of variable product cost during its first year of op

kvv77 [185]

Answer:

Explanation:

The preparation of the income statement is presented below using the generally accepted accounting Principles (GAAP) :

Sales $176,000

Less: Cost of goods sold ($97,200) ($54,000 + $43,200)

Gross margin $78,800

Less: Selling and administrative cost ($31,000) ($17,200 + $13,800)

Net income $47,800

Hence, we considered all the given information

8 0

2 years ago

Corporate Fund started the year with a net asset value (NAV) of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-

Setler79 [48]

Answer:

The rate of return to an investor in the fund=0.088*100=8.80%

Explanation:

Given Data:

NVA at the start of the year= $(NAV)_o$ =$12.50

NVA at the end of the year= $(NAV)_f$ $12.10

Distributions of income and capital gains =$1.50

Required:

The rate of return to an investor in the fund=?

Solution:

Rate of return= $\frac{(NAV)_f+\ Distributions}{(NAV)_o}-1$

$Rate\ of\ return=\frac{12.10+1.50}{12.50}-1 \\Rate\ of\ return=0.088$

The rate of return to an investor in the fund=0.088*100=8.80%

5 0

3 years ago

Which of these statements is correct with regard to the implementation of marketing objectives?

xz_007 [3.2K]

Answer:

B). A lot of ongoing communication is involved when executing a plan.

Explanation:

The second statement regarding 'a lot of ongoing communication is involved when executing a plan' is the most correct regarding the implementation of marketing objectives. Effective communication is the most significant key to ensure that the plans are timely and efficiently executed, the tasks are divided and coordinated significantly, and the desired goals and objectives are achieved successfully. Thus, option B is the correct answer.

3 0

2 years ago

The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $

omeli [17]

Answer:

The bank reconciliation statement is as shown below:

Amount in $

Balance per bank statement 33,650.00

Deposit in transit 9,150.00

Outstanding check (17,865.00)

Bank charges 80.00

Note collected (6,095.00)

Returned check (540.00)

Check drawn (630.00)

Book balance  17,750.00

Explanation:

Deposit in transit has been recorded in the books, thus the addition to the bank balance. Bank charges have been deducted from the bank balance but not in the cash book hence it is added back. Note collected is yet to be recognized in the books hence the deduction from the bank balance.

Amount recorded from the check returned is more than the actual by $540 hence the deduction. The check drawn has been over charged by the bank to the tune of $630 hence the deduction.

5 0

3 years ago

A common stock pays an annual dividend per share of $2.10. The market capitalization rate (required return on equity) is 10.0%.

Inessa05 [86]

Answer:

the value of the stock is $21

Explanation:

The computation of the value of the stock is given below:

= Annual dividend per share ÷ required rate of return

= $2.10 ÷ 10%

= $21

Hence, the value of the stock is $21

We simply divided the annual dividend from the required rate of return so that the value of the stock could come

3 0

2 years ago