Business, 05.05.2020 15:49 hewonabi123
Novak Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end of May. Price $127,500 Credit terms 2/10, n/30 Freight-in $ 1,200 Preparation and installation costs $ 5,700 Labor costs during regular production operations $15,750 It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Novak intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $2,250. The invoice for Machine #201 was paid May 5, 2020. Novak uses the calendar year as the basis for the preparation of financial statements.
Answers: 2
Another question on Business
Business, 21.06.2019 18:20
Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.
Answers: 1
Business, 22.06.2019 03:00
Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit
Answers: 1
Business, 22.06.2019 07:30
Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.
Answers: 1
You know the right answer?
Novak Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #...
Questions
Social Studies, 29.06.2019 16:00
Chemistry, 29.06.2019 16:00
Social Studies, 29.06.2019 16:00
Computers and Technology, 29.06.2019 16:00
History, 29.06.2019 16:00
