Rizio Co. purchases a machine for $14,300, terms 2/10, n/60, FOB shipping point. The seller prepaid the $323 freight charges, adding the amount to the invoice and bringing its total to $14,623. The machine requires special steel mounting and power connections costing $989. Another $466 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $240 in damages occurred. Materials costing $40 are used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages.
Required:
Complete the below table to calculate the cost recorded for this machine.
Amount Included in Cost of Equipment:
Invoice price of machine
Net purchase price
Total cost to be recorded
Answers: 3
Business, 22.06.2019 17:30
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Business, 22.06.2019 19:50
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
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Business, 22.06.2019 19:50
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Business, 23.06.2019 02:30
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Answers: 1
Rizio Co. purchases a machine for $14,300, terms 2/10, n/60, FOB shipping point. The seller prepaid...
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