Cullumber Company purchased machinery on January 1 at a list price of $320000, with credit terms 4/10, n/30. Payment was made within the discount period. Cullumber paid $21750 sales tax on the machinery and paid installation charges of $5900. Prior to installation, Cullumber paid $11200 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery

Answers

Answer 1

Answer:

the total cost of the new machinery is $302,550

Explanation:

Cost of a Property Plant and Equipment (PPE) item includes Purchase price of asset and other costs directly incurred in bringing the asset in the location and condition required by management for operation excluding taxes that can be claimed.

Thus the Cost of this Machinery Can be Calculated as :

List Price                                     $320,000

Less Cash Discount at 4%           ($12,800)

Purchase Price                           $307,200

Less Sales Tax                             ($21,750)

                                                    $285,450

Add installation charges                $5,900

Add Cost of concrete slab            $11,200

Total Cost of Machinery            $302,550


Related Questions

Jane owns an online ecommerce business and would like to track the various types of credit cards she accepts.



Which list should she edit?

Answers

If Jane owns an online ecommerce business and would like to track the various types of credit cards she accepts. The list to edit is: Credit card type.

What is credit card?

Credit card can be defined as the card that enables a person to borrow money to buy or purchase  things online  from a company that allow or accept credit card  payment.

Based on the scenario Jane should edit the credit card type as this will enables her to easy track the various type of credit card she accept.

Therefore If Jane owns an online ecommerce business and would like to track the various types of credit cards she accepts. The list to edit is: Credit card type.

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Three individuals, Mary, Jack and Helen, make up the total demand for donuts per month in a particular market.
Mary’s demand curve is 5P = 5000 – 1.25QM. Jack’s demand curve for donuts is given by P = 1000 – 0.5QJ.
Helen’s demand curve is given by QH = 2000 – 2P. The market demand curve would be:

Answers

The market demand curve would be 1000 - 0.125Q.

How to calculate the demand curve?

It should be noted that the market demand curve will be the sum of the individual demand curve.

The market demand curve will be calculated thus. Mary’s demand curve is 5P = 5000 – 1.25QM. Here, p = 1000 - 0.25QM

Jack’s demand curve for donuts is given by P = 1000 – 0.5QJ. Helen’s demand curve is given by QH = 2000 – 2P. This will be P = 1000 - 0.5QH.

The slope will be:

= 0.5 × 0.25

= 0.15

The demand function of Jack and Helen are the same. The demand curve will be 1000 - 0.125Q.

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Dubai Corporation is looking to purchase a building costing $830,000 by paying $265,000 cash on the purchase date, and agreeing to make payments every three months for the next five years. The first payment is due three months after the purchase date. Dubai's incremental borrowing rate is 16%. Each of the payments is closest to

Answers

Answer:

Each payment is closest to $41,573.69.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the balance to pay for the building = $830,000 - $265,000 = $565,000

P =Quarterly payment or payment after every three months = ?

r = Quarterly interest rate = Incremental borrowing rate / Number of quarters in a year = 16% / 4 = = 4%. or 0.04

n = number of quarters = Number of years * Number of quarters in a year = 5 * 4 = 20

Substitute the values into equation (1) and solve for P, we have:

$565,000 = P * ((1 - (1 / (1 + 0.04))^20) / 0.04)

$565,000 = P * 13.5903263449677

P = $565,000 / 13.5903263449677

P = $41,573.69

Therefore, each payment is closest to $41,573.69.

Drag and drop each type of shrink to the correct location.
Internal Shrink
2020 DOLLAR GENERAL
Robberies
Burglaries
Shoplifting
Paperwork errors
Fraudulent transactions
Employee theft
Sliding merchandise
Vendor theft/fraud
External Shrink
ShrinkAwarenessKC_20201112

Answers

Answer:

Internal Shrink

Employee theft

Paperwork errors

Fraudulent transactions

Sliding merchandise

External Shrink

Robberies

Burglaries

Shoplifting

Vendor theft/fraud

Note: Shrink refers to the loss of inventory or revenue due to various reasons such as theft, damage, errors, etc.

Explanation:

3. Management activities include all of the following except:
a. Decision making
b. Allocation of resources
& Developing job-related case studies for analysis,
d. Directing the activities of others to attain goals

Answers

Answer:

A

Explanation:

Management activities include Decision making

how should the organization keep track of the number of candy bars ordered and the number sold​

Answers

Using a program. I'm a beginner in programming and even I can create a program like that so they can hire a firm or individual to create that program for them.

Zoe was comparing the variability of three of her stocks. Over the last month ACE stock had a mean price of $37.03 per share with a standard deviation of $1.5, while FHJ stock had a mean price of $60.55 per share with a standard deviation of $2.62, and LMP stock had a mean price of $124.9 per share with a standard deviation of $3.06. Out of these three stocks, what was the greatest coefficient of variation?

Round your answer to a hundredth of a percent. Input just the number. Do not input the percent sign. Do not use a comma. Example 4.35

Answers

According to the question the greatest coefficient of variation is 0.043 for FHJ stock.

What is stock?

Stock, also known as equity, is a type of security that entitles the owner to a portion of the company’s assets and profits. When a company issues stock, it is offering a piece of itself to buyers. When someone purchases a company’s stock, they are essentially buying a small piece of ownership in the company. This form of investment provides the opportunity to benefit from the company’s growth, as the value of stocks typically increases over time. Generally, stocks can be divided into two categories: common stock and preferred stock. Common stock gives the investor voting rights, while preferred stock typically does not.

The coefficient of variation is a measure of relative variability and is calculated by dividing the standard deviation by the mean.
For ACE stock, the coefficient of variation is (1.5/37.03) = 0.040.
For FHJ stock, the coefficient of variation is (2.62/60.55) = 0.043.
For LMP stock, the coefficient of variation is (3.06/124.9) = 0.024.
Therefore, the greatest coefficient of variation is 0.043 for FHJ stock.

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Messaging systems range from semi-public systems such as standard text messaging on mobile phones, to private systems that are closed to anyone outside of invited members.
A. True
B. False

Answers

Answer:

True.

Explanation:

Messaging systems range from semi-public systems such as standard text messaging on mobile phones, to private systems that are closed to anyone outside of invited members.

A messaging system can be defined as an electronic device which enables users to send text messages to one or more users depending on the configuration and it ranges from semi-public systems to private systems.

In a semi-public messaging system, messages can be sent between users with little or no restriction to who can send or receive these messages. An example is sending short standard text on mobile phones.

On the other hand, a private messaging system is a type of system that denies access to individuals outside of the group, only invited members are able to send and receive messages.

c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)​

Answers

A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.

How is this so?

Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.

Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).

Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?

When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.

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Now that you have a signed listing contract and many of the required disclosures, you need to develop a plan to market the property. Some of the obvious steps are to post the property on the local MLS and to put a sign on the front lawn. But it should not stop there.

Now that you have a signed listing contract and many of the required disclosures, you need to develop

Answers

All of the answers are correct. Communication skills are essential for successful salespeople, and all of the options listed are important to consider when communicating with potential buyers.

What is Communication skill?

Communication skills refer to the ability to effectively exchange information, whether verbally or non-verbally. This includes both speaking and listening, as well as the ability to effectively interpret and respond to both spoken and unspoken messages. Examples of communication skills include active listening, open-mindedness, empathy, respect, collaboration, assertiveness, and the ability to give and receive feedback. These skills are important in any context, from interpersonal relationships to professional interactions. Developing strong communication skills can help you build relationships, increase your confidence, and advance in your career.

Listening is as important as talking, and face-to-face communication is often the most effective two-way communication. While letters can sometimes be a one-way form of communication, they are not necessarily the least effective.

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The United States is _____.

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The United States is a federal republic and a democratic country situated in North America, bordered by Canada to the north, Mexico to the south, and the Pacific and Atlantic Oceans on the west and east respectively.

With a total area of 3.8 million square miles, the country is the third largest country in the world by area. It also has a diverse population, consisting of people of different ethnic, racial, and religious backgrounds.  The United States has a long history of promoting democracy, human rights, and freedom around the world. Its constitution guarantees basic freedoms like the freedom of speech, religion, and the press, and the right to bear arms.

The country has a capitalist economy that is the largest in the world, and is driven by its vast natural resources, technological innovations, and a well-educated workforce.  The United States is a member of several international organizations like the United Nations, the World Trade Organization, and NATO. It also has an important role in maintaining global peace and security, as well as tackling global challenges like climate change and terrorism.

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what is an example of statistical reasoning?

Answers

Answer/Explanation:

Statistics educators often talk about their desired learning goals for students, and invariably, refer to outcomes such as being statistically literate, thinking statistically, and using good statistical reasoning. Despite the frequent reference to these outcomes and terms, there have been no agreed upon definitions or distinctions. Therefore, the following definitions were proposed by Garfield (2005 and have been elaborated in Garfield and Ben-Zvi (2008).

Statistical literacy is regarded as a key ability expected of citizens in information-laden societies, and is often touted as an expected outcome of schooling and as a necessary component of adults’ numeracy and literacy. Statistical literacy involves understanding and using the basic language and tools of statistics: knowing what basic statistical terms mean, understanding the use of simple statistical symbols, and recognizing and being able to interpret different representations of data (Garfield 1999; Rumsey 2002; Snell 1999)

Kiwi Plc sold an antique painting which had been purchased inJanuary 1996 for £21,000. It was sold for £4,200 in January 2021. The proceeds were received net of auction fees of £650. What is Kiwi Plc's allowable loss?​

Answers

Answer:

$17,450

Explanation:

The antique painting that was bought in January 1996 was sold for $21,000

It was sold for 4,200 in January 2021

It received a net auction fee of 650

Therefore the allowable loss can be calculated as follows

= 21,000-4200+650

= 17,450

Hence the allowable loss is $17,450

What are two cons of using a credit card?

Answers

interest charges and late fees, also can be credit card damage

On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:

Answers

The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.

What is bill?

A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.

On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.

Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.

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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June

A bank statement is a quarterly record of interest earned on savings accounts.

Answers

This is correct. Hope this helps:)





List TWO consequences for a company if they receive a qualified audit opinion

Answers

It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.

Suppose for the year 2015, Speedy Chef, a fast food restaurant, had a Gross Profit of $1,281,648. Speedy Chef had the following expenses:

Cost of Goods Sold $1,251,167
Selling Expense $70,578
Rent Expense $156,941
Utilities Expense $73,994
Insurance Expense $35,148
Wages $505,245
General & Administrative $24,358
Miscellaneous $32,968
Interest Expense $4,059
Income Tax Expense $60,596
What would Speedy Chef's Income Before Taxes be for 2015?

Answers

The Speedy Chef's Income Before Taxes for 2015 is -$873,406.

The following are the operating expenses for Speedy Chef for the year 2015:Cost of Goods Sold $1,251,167Selling Expense $70,578Rent Expense $156,941 Utilities Expense $73,994Insurance Expense $35,148Wages $505,245General & Administrative $24,358Miscellaneous $32,968Interest Expense $4,059Income Tax Expense $60,596.

The formula to determine the Income Before Taxes (IBT) of Speedy Chef for 2015 is given below:Income Before Taxes (IBT) = Gross Profit - Total Operating ExpensesTotal Operating Expenses = Cost of Goods Sold + Selling Expense + Rent Expense + Utilities Expense + Insurance Expense + Wages + General & Administrative + Miscellaneous + Interest Expense + Income Tax Expense.Substitute the given values,Income Before Taxes (IBT) = Gross Profit - Total Operating Expenses = $1,281,648 - $2,155,054 = -$873,406.

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Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for future use. If the required reserve ratio is 10%, what will be the maximum impact on money supply today as a result of your action?

Answers

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

One of the biggest challenges facing supply chain logisticians in the U.S. in the future is maintaining and
improving the national infrastructure.
True
False

Answers

true!! i hoped this helped

illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.

Answers

A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.

A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.

This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.

Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.

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What do you think are some of the difficulties of adding 25% more employees for the holiday season what kind of planning do you think would be needed 

Answers

Adding 25% more employees for the holiday season can bring some challenges and difficulties for a company. Here are some potential difficulties and the planning needed to address them:

Hiring and Training: The first challenge is to find and hire new employees, which can be time-consuming and costly. Companies should plan ahead and start the hiring process early to ensure they have enough time to select and train new employees.

Cost: The cost of hiring and training new employees can be high, and companies need to ensure they have enough resources to cover the additional expenses. Companies should create a budget and estimate the cost of hiring and training new employees.

Integration and Teamwork: Integrating new employees into the team and ensuring they work effectively with existing employees can be challenging. Companies should plan team-building activities and create a welcoming environment to help new employees feel part of the team.

Workload and Scheduling: Companies need to plan the workload and schedule the additional employees effectively to ensure they are utilized efficiently. This includes ensuring that there is enough work to keep all employees busy and that the schedule allows for an appropriate level of coverage.

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Employee morale can be supported when communicating to employees about major events that affect them and their jobs by delivering the news _______. a. through the grapevine b. through news accounts c. from management personally d. from co-workers

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The Employee morale can be supported when communicating to employees about major events that affect them and their jobs by delivering the news from management personally.

Employee morale refers to a person's attitude, level of contentment, and general outlook while working for a company or the organization. If your company has a bad culture, negative communicating like low productivity, low employee happiness, etc. will result. Everyone will be drawn to the morale example of paid time off. The employees can receive an unexpected "free day" as a token of thanks for their efforts on a recently finished project, for instance.

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giả sử mối quan hệ giưa doanh thu và nỗ lực

Answers

Answer:

नजषनदजदनददजसकसककसकसकनसनसजसजसजसकस भने त्यो मस्त निद्रामा हिड्ने गरेको मेरो हो मेरो नाम बिबस कि भन्ने लाग्छ के भनौ भने पनि त्यो थाहा भयो कि भएन भन्ने कुरा पनि उल्लेख गर्नु रे ु च चय उनले सन् उo Bibas is hero DC COAII, y

Value-added" describes the economic enhancement a company gives its products or services and helps explain why companies are able to sell their goods or services for more than they cost to produce. Identify and explain some of the value-added services in Operations Management.

Answers

Answer:

One example of a value-added service in operations management would be the development of premium agricultural products like premium coffee or tea.

Explanation:

Agricultural products tend to be basic and cheap than most other goods because they are a basic necessity, meaning tha not only theird emand is high, but so is their supply, causing the market price of agricultural products to be relatively low.

If a company instead chooses to add value to its agricultural product, then, the company creates a product not only of higher value to both the company and its customers, but also in terms of price, that can therefore generate a higher revenue for the firm. Operations management is fundamental in this process because it deals with the production process of the product, which would go through several stages.

Africanisation ( how will you incorporate the learners' culture or heritage into this lesson - playing traditional game, or doing a traditional activity, singing a song, telling a story that relates to the learners culture, use a traditional African teaching strategy - be creative and make this lesson relevant to the learners culture )

Answers

Incorporating learners' culture or heritage into a lesson on Africanisation can be done in a creative and engaging manner.

To make the lesson relevant, I would begin by introducing the topic through a storytelling session, sharing a traditional African tale that highlights the importance of preserving cultural identity. This storytelling session would help students connect with their heritage and develop a sense of pride in their cultural roots.

After the storytelling, I would organize a group activity where students can participate in a traditional African game, such as Mancala or Morabaraba. This game not only promotes critical thinking and problem-solving skills but also exposes students to a traditional African activity that has been enjoyed for generations.

To further immerse students in their culture, I would include a segment where we learn and sing a traditional African song or chant. This would allow students to experience the rhythmic and melodic aspects of African music, fostering a sense of unity and shared heritage among the learners.

Lastly, I would incorporate a teaching strategy known as Ubuntu, a concept deeply rooted in African culture. Ubuntu emphasizes the interconnectedness and interdependence of individuals within a community. Through group discussions and collaborative learning tasks, students would practice Ubuntu, working together, sharing ideas, and respecting diverse perspectives.

By incorporating storytelling, traditional games, music, and Ubuntu, this lesson would provide a comprehensive and culturally relevant exploration of Africanisation, empowering students to appreciate and embrace their own heritage while fostering a sense of unity and respect for others.

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What studies how cultures vary in valuing and using space?

Answers

The study of proxemics examines how humans unintentionally organize the space around them. The structure changes depending on the culture.

What is proxemics?

Proxemics is the study of how people use space and how population density affects how they behave, communicate, and interact with others. Proxemics is one of many nonverbal communication subfields, along with haptics, kinesics, vocalics, & chronemics.

Each cultural structure is different. When interacting with strangers or passing acquaintances, North Americans, for instance, maintain a protective "body bubble" of space around them that is around 2 feet in diameter.

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During June, Buttrey Corporation incurred $74,000 of direct labor costs and $14,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

Answers

Answer: debit to work in process of $74,000.

Explanation:

The journal is a book where the transaction that an organization makes are recorded. In this scenario, we are told that during June, Buttrey Corporation incurred $74,000 of direct labor costs and $14,000 of indirect labor costs.

The journal entry to record the accrual of these wages would include a debit to work in process of $74,000. It should be noted that when the direct and the indirect labor cost are to be accrued, direct labour wages will have to be debited in the work in process account. As for indirect labour, it will be debited in the manufacturing overheads.

During the past month, Jennifer Johnson had income of $3,500. During the month, her net worth declined by $300. If no other financial activities occurred, this means Jennifer's payments for the month were:

Answers

I think Jennifer’s payment for the month is 3,800

If no other financial activities occurred, this means Jennifer's payments for the month were $3,200.

What is income?

Income is the money that a person gets by giving his services to a company common industry or as a freelancer. Income is used for paying house bills, food bills, and other bills of the person.

Companies engage in financial operations to further their goals and objectives in terms of the economy. They consist of occurrences and acts that have an impact on a company's equity and long-term liabilities. Financial activities include all actions involving the inflow and outflow of cash.

Income of Jennifer Johnson in the past was $3,500

Her income declined by $300

$3,500 - $300 = $3,200

Therefore, the income of Jennifer's payments for the month was $3,200.

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The Sharps were granted a decree of divorce effective January 1, 2018. In accordance with the decree, Susan Sharp is to pay her spouse $24,000 a year until their only child, Melanie now 11, turns 18, and then the payments will decrease by $11,000 per year. For 2019, how much can Susan deduct as alimony

Answers

Answer:

$13,000

Explanation:

Calculation for the amount that Susan can deduct as alimony for the year 2019

Based on the information given we were told that she is to pay her spouse the amount of $24,000 a year until their child who is 11 years old turns 18 years old in which the payments will decrease by the amount of $11,000 per year which means that the Alimony will be calculated as ;

Alimony=$24,000-$11,000

Alimony=$13,000

Therefore for 2019, the amount that Susan deduct as ALIMONY will be $13,000

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