Answer:
the cost of the delivery truck is $40,698
Explanation:
The computation of the cost of the delivery truck is given below:
Negotiated purchase price $34,800
Installation of special shelving $2,880
Painting and lettering $930
Sales tax $2,088
Cost of the delivery truck $40,698
Hence, the cost of the delivery truck is $40,698
The same should be considered and relevant
<u>Answer:
</u>
By implementing the food safety compliance policy, the food company would only make sure that the food they have given is safely consumable, but by putting consumer safety first, the companies would go beyond the attempts to avoid fine and take special measures to ensure true safety of the consumers.
<u>Explanation:
</u>
- Though the Food and Drug Administration of the United States bears the responsibility of food safety and is accountable towards both, the public and the government, it would not be possible without the cooperation of the food companies to ensure utter food safety for the public.
- With stringent supervision and the companies sticking to the norms and regulations put by the supervising agencies, it would be possible to eradicate the problems caused by food contamination.
Yes, those who are not currently active in the game, even a substitute must wait until they are cleared to enter the game to take the throw-in. There are only a certain amount of players allowed to be on the court at any given time and therefor they must make sure the person they are substituting for has left.
Answer:
From the strategies provided, the correct debt strategies that will help a corporate borrower eliminate credit risk are strategy 1 and strategy 2, which are; Strategy #1: Borrow $1,000,000 for three years at a fixed rate of interest of 7%. and Strategy #2: Borrow $1,000,000 for three years at a floating rate of LIBOR + 2%, to be reset annually. The current LIBOR rate is 3.50%.
The following journal entries will be passed in the books of accounts:
<u>Explanation:</u>
date account and explanation Debit Credit
July 1 Cash 74000
Notes payable-First national bank 74000
Nov 1 Cash 77000
Notes payable-Lyon country state bank 77000
Dec 31 Interest expense 2960
Interest payable 2960
(to record accrued interest)
Interest expense 770
Interest payable 770
(To record accrued interest)
Feb 1 Notes payable-Lyon country state bank 77000
Interest payable 770
Interest expense 385
Cash 78155
(To record amount paid)
Apr 1 Notes payable-First national bank 74000
Interest payable 2960
Interest expense 1480
Cash 78440
(To record amount paid)
