A company purchased new equipment for $45,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,300; sales tax paid $3,100; and installation cost, $2,100. The cost recorded for the equipment was:

Answer:

the cost recorded for the equipment is $52,500

Explanation:

The computation of the cost recorded for the equipment is shown below:

The Cost of equipment is

= Purchase price + Transportation cost + Sales tax + Installation cost

= $45,000 + $2,300 + $3,100 + $2,100

= $52,500

Hence, the cost recorded for the equipment is $52,500

The same is to be considered by applying the above formula

You just won a state lottery! The lottery offers you a choice: you may choose a lump sum today, or $89 million in 26 equal annual installments at the end of each year. Assume the funds can be invested (yield) at an annual rate of 7.65%. What is the lump sum that would equal the present value of the annual installments

Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he earned $2 in dividends. What was his total percentage return on the investment

Harold Manufacturing produces denim clothing. This year, it produced 5,230 denim jackets at a manufacturing cost of $41.00 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets.



1. Jackets can be sold to a second-hand clothing shop for $7.00 each.
2. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $13.00 each.
3.
Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,230 jackets into only 3,100 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $103,000, but the jackets can then be sold for their regular price of $45.00 each.



Required:
1.
Calculate the incremental income.

Alternative 1 Sell to a second-hand shop Alternative 2 Disassemble and sell to a recycler Alternative 3 Rework and sell at regular prices
Incremental revenue
Incremental costs
Incremental income

The image shows a performance graph.


A graph titled Relationship between Anxiety and Performance. X axis is labeled Anxiety with an arrow pointing right labeled None at left and Extreme at right. Y axis is labeled performance with an arrow pointing up labeled Poor at bottom and Excellent at top. A line forms an arch starting at Poor/none at left, rising to excellent in the middle, and ending at poor/extreme at right.

Which is the best interpretation of the graph?


A small amount of anxiety is not enough to help students perform better on a test.

The higher a student’s anxiety, the greater the probability of a good test score.

A small amount of anxiety can help students perform better on tests.

The higher a student’s anxiety, the lower the likelihood of overcoming it.

please answer correctly ..... or my face will look like this 0-0 and then i will say bruhhh

Harlequin Co. adopted the dollar-value LIFO retail method at the beginning of 2021 (its base year). Its beginning inventory for 2021 was $38,500 at cost and $74,500 at retail prices. At the end of 2021, it computed its estimated ending inventory at retail to be $115,000. Assuming its cost-to-retail percentage for 2021 transactions was 40%, and that the retail price index at the end of 2021 was 1.3, what is the inventory balance that Harlequin Co. would report in its 12/31/2021 balance sheet?