Anchor Company purchased a manufacturing machine with a list price of $87,000 and received a 2% cash discount on the purchase. The machine was delivered under terms Free On Board shipping point, and freight costs amounted to $2,600. Anchor paid $3,600 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $4,600 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be:
Answers
Answer:
$91,460
Explanation:
The amount of cost recorded in the asset account would be:
= List price - (Discount) + Freight + Installation and testing
= $87,000 - $87,000*2% + $2,600 + $3,600
= $87,000 - $1,740 + $2,600 + $3,600
= $91,460
Note: Insurance cots will not be included in cost of machine
Related Questions
Today is also the day on which your manager’s boss is collecting information about your manager’s leadership style so that they can give him a 360-degree appraisal. They assure you that your comments about your manager will remain confidential, but the nature of your thoughts is such that he probably would guess you are the person who made those comments. Specifically, you think that your manager takes offense easily, has a bad temper, and could be more effective in time management. Would you share your thoughts with your manager’s manager?
Answers
The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.
Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.
If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.
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Deltona Motors just issued 230,000 zero coupon bonds. These bonds mature in 18 years, have a par value of $1,000, and have a yield to maturity of 6.3 percent. What is the approximate total amount of money the company raised from issuing these bonds? Assume semiannual compounding.
Multiple Choice
$62.08 million
$91.84 million
$88.20 million
$80.76 million
$75.31 million
Answers
The corporation earned a total of $80.76 from the sale of these bonds. $80.76 million is the right response.
What is the purpose of issuing bonds to raise money?Companies can raise capital in one way by issuing bonds. A bond serves as a loan between a firm and an investor. The investor consents to give the business a specified sum of money for a specific amount of time. The investment is compensated with regular interest payments.
The number of bonds issued times the face value of the bonds determines the issue size of a bond offering. Consider the case when a company issues two million bonds with a $100 face value. Thus, the issue size is $200 million. The size of the issue indicates the entity's requirement for borrowing.
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In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is an inferior good. DRAW THEGRAPHS
a. The population decreases and productivity increases
b. Income increases and the price of inputs increase
c. The number of firms in the market decreases and income decreases
d. Consumer preference decreases and the price of a complement increases
e. The price of a substitute in consumption increases and the price of a substitute in production increases
Answers
Answer:
how to draw graf in this
A company’s product is the combination of all product it offers
Answers
The statement "A company’s product is the combination of all product it offers" is incorrect, product mix is the combination of all product it offers.
The product mix consists of several product lines that a company offers for sale to buyers.
That is, it is the combination of products used as a marketing strategy in which a company offers a variety of products or services to its target audience.
Sometimes referred to as a product assortment, it has to do with the number of products and the type of products offered in each line, and the relevance of those products to consumers.
Therefore, we can conclude that the product mix is the combination of all product a company offers.
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Read the case, Target Corporation, and the note, Analyzing Financial Statements (HBS packet). Respond to the following question:
What are the key strategic findings when you evaluate Target's financial position relative to Walmart's?
Answers
Having analyzed Target Corporations Financial Statements viz a viz that of Walmart is is clear that, with regard to strategic findings, the liquidity ratios demonstrate Walmart and Target's capacity to meet debt commitments.
What other strategic findings are given?To begin, the current ratio assesses the capacity to pay both short-term and long-term loans. Target's current ratio is higher than Walmart's, indicating that Target has a stronger ability to pay these loans.
Because inventories are more difficult to liquidate than other assets, the fast ratio demonstrates the capacity to pay short-term and long-term obligations without liquidating inventory. Target outperforms Walmart in this category as well.
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when making decisions about which products to carry in your store or warehouse a source of good advice on market trends is?
Answers
Answer:
When doing so, trend is Important or advisable
evaluate the effects of many sources of power in the economy
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The four production factors—natural resources, labor, capital equipment, and entrepreneurship—are what largely determine a country's economic power if GDP per capita growth is the primary metric.
A variety of electricity sources can have distinct consequences on an economy. These power sources can include, among others, the government, businesses, labor unions, financial institutions, and consumer advocacy organizations.
Governments have the authority to influence economic policy through laws, regulations, and fiscal and monetary policies. Taxation, government spending, interest rates, and other elements that affect the broader economy can be impacted by these policies.
Investing in infrastructure, generating jobs, and promoting economic growth are all things that entrepreneurship can do. On the national economy and local communities, their decisions about employment, pay, investment, and production may have a big impact.
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According to the video, what are some qualities Tellers need? Check all that apply.
a cheerful, outgoing personality
a dominant, confident presence independence
leadership skills
basic math skills
attention to detail
Answers
Answer:
a e f i did the assment
Explanation:
Answer:
the answer is:
a cheerful, outgoing personality
basic math skills
attention to detail
Explanation:
What does storytelling do?
Answers
Case Study: Personal Financial Planning (continued) Project: Presentation
Answers
Answer:Personal financial planning involves managing one's finances effectively to achieve their financial goals and objectives. The process involves developing a comprehensive financial plan that takes into account one's income, expenses, debts, savings, and investments, as well as one's short-term and long-term financial goals.
To create an effective personal financial plan, there are several key steps you should take:
Set your financial goals: Determine your financial objectives and set specific, measurable, achievable, relevant, and time-bound (SMART) goals to achieve them.
Analyze your current financial situation: Take a detailed look at your income, expenses, debts, savings, and investments to determine your current financial position.
Create a budget: Develop a budget that helps you manage your money effectively and achieve your financial goals.
Develop a debt repayment plan: If you have outstanding debts, develop a plan to pay them off in a timely manner.
Establish an emergency fund: Set aside some money in an emergency fund to cover unexpected expenses or financial emergencies.
Review your insurance coverage: Make sure you have adequate insurance coverage to protect yourself and your family in case of unexpected events.
Plan for retirement: Start saving early for retirement and develop a plan to achieve your retirement goals.
Invest wisely: Develop an investment plan that is consistent with your financial goals and risk tolerance.
Monitor and adjust your plan: Regularly review your financial plan and make adjustments as needed to ensure that you stay on track to achieve your goals.
Explanation:
Step 4: Use the line chart to determine the approximate price of the stock at the beginning of 2003. How much money would you have earned if you bought one share of stock at the beginning of 2003 and sold it at today's current price?
Answers
The amount of money earned with the purchase of one share of stock at the beginning of 2003 and selling it at today's current price is $22.81 ($61.81 - $39).
What is the price of stock?The price of a share of stock is the cost that is paid to buy it or the revenue received when it is sold.
The price of a stock reflects the value that investors place on the issuing company.
Thus, the amount of money earned with the purchase of one share of stock at the beginning of 2003 and selling it at today's current price is $22.81.
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Presented below is information related to Dino Radja Company.
Date Ending Inventory Price Index
(End-of-Year Prices)
December 31, 2017 $ 80,000 100
December 31, 2018 115,500 105
December 31, 2019 108,000 120
December 31, 2020 122,200 130
December 31, 2021 154,000 140
December 31, 2022 176,900 145
Instructions:
Compute the ending inventory for Dino Radja Company for 2017 through 2022 using the dollar-value LIFO method.
Answers
Answer:
Dino Radja Company
The ending inventory for Dino Radja Company for 2017 through 2022 using the dollar-value LIFO method:
Date Ending Inventory Price Dollar Value
(End-of-Year Prices) Index LIFO
December 31, 2017 $ 80,000 100 $80,000 ($80,000*1.00)
December 31, 2018 115,500 105 110,000 ($115,500/1.05)
December 31, 2019 108,000 120 90,000 ($108,000/1.20)
December 31, 2020 122,200 130 94,000 ($122,200/1.30)
December 31, 2021 154,000 140 110,000 ($154,000/1.40)
December 31, 2022 176,900 145 122,000 ($176,900/1.45)
Explanation:
a) Data and Calculations:
Date Ending Inventory Price Index
(End-of-Year Prices)
December 31, 2017 $ 80,000 100
December 31, 2018 115,500 105
December 31, 2019 108,000 120
December 31, 2020 122,200 130
December 31, 2021 154,000 140
December 31, 2022 176,900 145
Native advertising can include all of the following except:
Answers
Native advertising can include all οf the fοllοwing except: Independent jοurnalists
What is Native Advertising?Native advertising is a type οf οnline advertising that is made tο fit the lοοk and functiοn οf the platfοrm it is displayed οn, like a website, sοcial media platfοrm, οr mοbile app. Native ads, οn the οther hand, are frequently incοrpοrated seamlessly intο the platfοrm's cοntent, making them less disruptive and mοre engaging fοr users. This is in cοntrast tο traditiοnal banner ads οr display ads, which are easy tο identify as advertisements.
Spοnsοred cοntent, branded cοntent, and sοcial media pοsts that are marked "spοnsοred" οr "prοmοted" are all examples οf native advertising. Instead οf simply prοmοting a prοduct οr service, these advertisements typically aim tο add value tο the user by prοviding useful infοrmatiοn οr entertainment.
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Native advertising can include all of the following except:
Independent journalistsPromoted posts.News articles.Recommendation widgets.Why do you
think it's easier to forget entrepreneurship than labor or capital?
Answers
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Loren is in charge of implementing a wellness program for his organization. In formulating the plans for the wellness program, Loren visits and studies a number of other businesses that have successfully implemented such programs. When it is time to actually start the program in his organization, which of the following services or benefits is Loren LEAST likely to include?
a. Smoking cessation programs
b. Nutrition and weight-loss seminars
c. Cancer treatments including chemotherapy and radiation therapies
d. Stress management workshop sessions
Answers
Answer:
c. Cancer treatments including chemotherapy and radiation therapies
Explanation:
A wellness.program is defined as a set of activities.aomed at improving the quality of life of individuals through exercise, proper diet, and stress management.
The main idea behind a wellness program is prevention of illness with a healthy routine.
In the given scenario the other options are wellness initiatives except Cancer treatments including chemotherapy and radiation therapies.
This is excluded because it is study of a full blown illness and not preventive strategies to stay healthy.
1. Which of the following measures is an evaluation of a firm's ability to pay current liabilities?
A. Acid-test ratio.
C. Both (a) and (b).
B. Current ratio.
D. None of the above
Answers
Answer:
B. Current ratio
Current ratio is a comparison of current assets to current liabilities, calculated by dividing your current assets by your current liabilities.
Current ratio is an evaluation of a firm's ability to pay current liabilities. Thus, the correct answer is option B.
What is an current ratio?The current ratio is a liquidity ratio that measures a company's ability to pay short-term or one-year obligations. It explains to investors and analysts how a company can maximise its current assets on its balance sheet in order to pay off its current debt and other payables.
A current ratio that is comparable to or slightly higher than the industry average is generally regarded as acceptable. A lower current ratio than the industry average may indicate a greater risk of distress or default. Similarly, if a company's current ratio is very high in comparison to its peer group, it indicates that management may not be utilising its assets efficiently.
Therefore, current ratio is the correct answer.
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Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
Answers
Cumulative preference shares: These are types of shares where shareholders are given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Non-cumulative preference shares: These are types of shares where shareholders are not given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Participating preference shares: With participating preference shares, the issuing company must pay an increased dividend to the owners of preference shares if there is a participation clause in the share agreement. This clause states that a certain portion of earnings (or of the dividends issued to the owners of common stock) will be distributed to the owners of preferences shares in the form of additional dividends.
Convertible preference shares: These are preference shares that can be converted into common stock if a shareholder wants to change its holding position. They are converted into a predetermined number of preference stocks.
Non-convertible preference shares: These are preference shares where the holder of a preference share has not been conferred the right to get their holding converted into equity share.
Redeemable preference shares: These are preference shares that can be repurchased or redeemed by the issuing company at a fixed rate and date.
In summary, a company can issue different types of preference shares, including cumulative, non-cumulative, participating, convertible, non-convertible, and redeemable preference shares.
Which statement about representation in the media is true?
Answers
Consider the following national data: tax revenues as a percentage of GDP: 30 percent; government spending as a percentage of GDP: 31 percent; unemployment rate: 4 percent; inflation rate: 5 percent. What is the misery index for this nation
Answers
The misery index for the country given the national data is 9%.
What is the misery index?
The misery index is the sum of the current unemployment rate and the current inflation rate. In the United States, the current misery index is 11.67%.
Misery index = unemployment rate + inflation rate
4% + 5% = 9%
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If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be
Answers
Answer: 4
Explanation:
Based on the information provided in the question, the effective monetary multiplier for the banking system will be calculated as:
= 1/Reserve ratio
= 1 / (20 + 5%)
=1/(0.20+0.05)
= 1/0.25
= 4
Therefore, the effective monetary multiplier for the banking system is 4.
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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By comparing prices at different stores, consumers will:
Answers
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to include an organization that you belong to.
Answers
Answer:
Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:
1. Arranging a group of people who work in specific studies
2. Taking books by their genre, and putting them together
3. The economic pyramid, is the perfect example of an organization. Defining society by class.
on november 15, paulson painting received a $6,000 cash payment from apex inc. in exchange for painting services to be provided in december. when posting the journal entries related to this payment, paulson's accountant debits the cash account for $6,000 and credits service revenue for $6,000. which of the following statements best describes the results of this posting?
Answers
The Cash account's closing balance will be right in Paulson's general ledger. However, the Service Revenue account's final balance will be too high, while the Unearned Service Revenue account's ending balance will be too low.
What exactly is a cash account?A cash account is a business-to-business or business-to-consumer account that operates on an instant payment basis, with no credit extended. The cash account is a mixture of a Cash receipts journal and a cash payment journal and is thus referred to as a "Cash receipts and payment journal".
In accounting, a "cash account" or "cash book" is a daybook used to record all monetary transactions, particularly cash receipts and payments. Because of its twofold significance in accounting, the cash account is regarded as a unique daybook. In accounting, the cash account serves as both a main entry book and a ledger. Due to the presence of two sides: debit and credit, the Cashbook has a twofold influence.
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When taxes are increased, disposable income , and hence consumption .
A. increases, increases
B. increases, decreases
C. decreases, increases
D. decreases, decreases
Its not C
and why is it right
Answers
Answer:
decreases; decreases
Explanation:
Name some of the faculties of Nepal Sanskrit University?
Answers
Explanation:
Agricultural Engineering
Answer:
Veda, Philosophy, astronomy, yoga, homeopathy, naturopathy, history, Buddha Darshan etc
he financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $53,500 $53,000 Short-term Investments 29,000 15,000 Net Accounts Receivable 92,000 105,000 Merchandise Inventory 162,000 142,000 Total Assets 532,000 551,000 Total Current Liabilities 235,000 215,000 Long-term Note Payable 62,000 60,000 What is the 2019 cash ratio? (Round your answer to two decimal places)
Answers
Answer:
The cash ratio is calculated by dividing cash and short-term investments by current liabilities.
Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39
Rounding to two decimal places, the 2019 cash ratio is 0.39.
Explanation:
71. Before businesses can effectively use relevant data, they need to determine the type of
A. information that is needed.
B. computer system to purchase.
C. report that is required.
D. collection process to develop.
Answers
Answer:
A information that is needed
Explanation:
Where do charts get the data series names?
data entries
row labels
column labels
worksheet title
Answers
Answer:
Row labels
Explanation: