answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
1 year ago
6

On March 1, Bartholomew Company purchased a new stamping machine with a list price of $34,000. The company paid cash for the mac

hine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $550; sales tax paid, $1,360; installation costs, $450; routine maintenance during the first month of operation, $500. What is the cost of the machine?
Business
2 answers:
TiliK225 [7]1 year ago
5 0

Answer:

Explanation:

List Price                           $34,000

Discount($34,000*5%)          (1,700)

Transpiration                         $550

Sales Tax                                $1,360

Installation Cost                       $450

Total Cost of Machine          $34,660

   Please note  that maintenance cost is revenue expense therefore excluded from cost of machine.

EleoNora [17]1 year ago
5 0

Answer:

Explanation:

The cost principle states that costis recorded at the price actually paid for an item. The routine maintenance cost is not added to the asset acquisition cost because it is not a fsctor for the acquisition of the stamping machine.

Computation for asset Acquisition Cost:

Particulars . Amount

Purchase Cost $34,000

Add: Freight-in Expense

$550

Add: Installation Cost $450

Less: Purchase Discount ($34,000 x 5%) = $1,700

Add: Sales Tax Paid $1,360

Total: Asset Acquisition Cost $34,660

You might be interested in
Respect for an able leader's decisions goal attainment and customer satisfaction are examples of
quester [9]
Respect for an able leaders goal accomplishments, decisions and customer satisfaction is an example of appreciation of the leader's fine qualities and showing that the leader is carrying out his performance according to his/her expectations of what being a leader is.
5 0
2 years ago
Pizza Heaven is a small specialty pizza shop that just opened its doors in the downtown area this year. They serve only menu ite
Sergeu [11.5K]

Answer:

The answer is: B) concentrated/niche marketing

Explanation:

Niche (or concentrated) marketing concentrates all of its actions and promotions on small but very specific and well defined segments of the population. A niche marketing strategy focuses on becoming a big fish on a small pond, and usually charging a higher price for the niche product. The specific needs and requirements of those "niche customers" are usually not well addressed by mass marketing actions.

6 0
1 year ago
Reviewing census data to see how many seniors over 55 are near your proposed location is an example of:
fomenos
Demographic. I think
4 0
1 year ago
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

7 0
1 year ago
Burgess Corp. manufactures a line of heavy construction equipment. The company has announced a contractual relationship with FS
Arada [10]

Answer:

The correct answer is c. non equity strategic alliance.

Explanation:

A "non-equity alliance" is that type of alliance through which, when making an investment, the assignment of obligations and profits is established in advance, this, in accordance with a previously stipulated agreement. Under this type of alliance, each of the entities operates individually, preserving its same organizational structure and without any shareholder control of one of the allies over the other.

4 0
1 year ago
Other questions:
  • ________ can describe a product class, a product form, or a brand.
    9·1 answer
  • According to the international codes of conduct, mnes should ________.
    15·1 answer
  • Part U16 is used by Mcvean Corporation to make one of its products. A total of 13,000 units of this part are produced and used e
    12·1 answer
  • The management of a multinational corporation establishes an efficient, specialized human resource (HR) department to manage its
    13·1 answer
  • Donald discovers major flaws in the packaging department. He consults the production manager and formulates control measures to
    14·1 answer
  • At the beginning of 2009, Glass Manufacturing purchased a new machine for its assembly line at a cost of $600,000. The machine h
    5·1 answer
  • Fifteen years ago, Mr. Fairhold paid $50,000 for a single-premium annuity contract. This year, he began receiving a $1,300 month
    11·1 answer
  • If a project has a net present value equal to zero, then: I. the present value of the cash inflows exceeds the initial cost of t
    5·1 answer
  • If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and
    10·1 answer
  • A robust ______________ can go a long way to reducing project problems over the life of the project and will establish how, when
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!