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 fob shipping point, and transportation 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. what is the cost of the machine?

Answers

Answer 1

The cost of the machine is $91,460.

What is the cost?

A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.

The cost would be calculated as follows and recorded in the asset account:

= List price minus (discount) plus shipping plus installation and testing

= $87,000 - $87,000*2% + $2,600 + $3,600

= $87,000 - $1,740 + $2,600 + $3,600

= $91,460

Note: The price of the machine does not include insurance costs.

Therefore, The cost of the machine is $91,460.

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Related Questions

what is brand awareness?
A.) how much potential consumers like a particular brand over another.
B.) how willing a consumer is to purchase a specific brand.
C.) how well a brand is recognized by potential customers.
D.) how well a brand is doing in comparison to its competitors

Answers

Answer:

The correct answer is C.) how well a brand is recognized by potential customers.

Explanation:

Answer:

C: how well a brand is recognized by potential customers

Explanation:

#PlatoFam

A(n) ___________ needs to be evaluated in light of your other expenses for the month.budgeting.

Answers

Answer: Budget

Explanation: Just is

Under normal operating conditions the board of directors is elected by.
a.cmmon stockholders
b. the preferred stockholders
c. the bondholders
d. two of the above

Answers

Under normal operating conditions, the board of directors is elected by the common stockholders. This means that the individuals or entities that own common stock in a company have the power to elect the board of directors.

The board of directors is responsible for making important decisions on behalf of the company, such as setting corporate strategy, hiring executives, and overseeing financial performance. As such, it's important that those who are responsible for electing the board have a vested interest in the company's success.

Preferred stockholders and bondholders, on the other hand, typically do not have the same level of voting rights as common stockholders. Preferred stockholders may have the ability to vote on certain issues, such as changes to the company's charter or significant mergers or acquisitions, but they typically do not have the same power as common stockholders when it comes to electing the board of directors.

Bondholders, on the other hand, do not typically have any voting rights at all. Instead, they are essentially lending money to the company and receive regular interest payments in return. While they may have some influence over the company's financial decisions, they do not have any say in the election of the board of directors.

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How many manufacturing companies are in the north Georgia area

Answers

Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.

Around 10,000 on average

23. m1 includes: a) cash, savings deposits, demand deposits, money market deposit accounts, small-denomination time deposits, and shares in retail money market mutual funds. b) cash, demand deposits, and small-denomination time deposits. c) cash, demand deposits, and large-denomination time deposits. d) cash, demand deposits, and other checkable deposits.

Answers

d) cash, demand deposits, and other checkable deposits.

Do modest time deposits count toward M1?

Very few components are categorised as M1 due to how strictly defined M1 is. Savings account deposits, small-time deposits, and retail money market accounts are all included in the broader category M2.

What asset is included in M1?

We quantify money using a variety of definitions: M1 covers cash and funds held in checking accounts. One element of M1 is traveler's checks, which are becoming less common. All of M1 as well as savings deposits, time deposits like certificates of deposit, and money market funds are included in M2, as well.

M1 or M2 savings accounts?

M1 includes currency and checking account funds. Additionally, travelers' checks have become less popular. M2 consists of M1, plus savings deposits and time deposits like certificates.

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ASAP!!
What does a most-favored-nation (MFN) status mean?

a. A country is exempt from product standards that make it expensive for goods to be imported.

b. A country has special licensing agreements with U.S. corporations.

c. A country pays the same tariffs as those paid by all MFN countries.

d. A country has a special exemption from all tariffs in the United States.

Answers

Answer:

c

Explanation:

Jem wants to make sure the gaming system she wants to buy includes
access to live events. What should Jem do to ensure she makes an informed
buying decision?
O A. Jem should consult friends on social media.
O B. Jem should review warranties and return policies.
O C. Jem should make the purchase with confidence.
O D. Jem should read the product description carefully.

Answers

Your answer will be D

Answer:

D. Jem should read the product description carefully.

Explanation:

In 2021, the Woodland Republic Bureau of Statistics publication indicated that the Consumer Price Index (CPI) of the country increased to 109.2 in 2021 from 106.5 in 2020. Calculate Woodland Republic’s inflation rate in 2021.
b. The Woodland Republic’s Population Secretariat published the following information in 2021:
 Total population: 30 million
 Labor force: 80% of the total population
 Employed population: 21.5 million
Use the information provided to answer the following questions:
i. Calculate the population that is excluded from the labour force in Woodland Republic in 2021 and indicate at least four sectors that are excluded from labour force.
ii.Calculate the Woodland Republic’s unemployment rate in 2021.

Answers

The Woodland Republic experienced an increase in the Consumer Price Index (CPI) from 106.5 in 2020 to 109.2 in 2021. To calculate the inflation rate, we need to determine the percentage change in the CPI.

To calculate the inflation rate, we use the formula:

Inflation Rate = ((CPI in 2021 - CPI in 2020) / CPI in 2020) * 100.

Plugging in the values, we get:

Inflation Rate = ((109.2 - 106.5) / 106.5) * 100 = 2.53%.

Therefore, the Woodland Republic's inflation rate in 2021 is 2.53%.

Moving on to the population statistics:

i. To calculate the population excluded from the labor force, we subtract the employed population from the total population. Using the figures provided, we have:

Population excluded from labor force = Total population - Employed population

= 30 million - 21.5 million

= 8.5 million.

The sectors excluded from the labor force can vary but typically include areas such as children, students, retirees, disabled individuals, and homemakers.

ii. To calculate the unemployment rate, we divide the number of unemployed individuals by the labor force and multiply by 100 to express it as a percentage.

Unemployment Rate = (Number of Unemployed / Labor Force) * 100.

To find the number of unemployed individuals, we subtract the employed population from the labor force:

Number of Unemployed = Labor Force - Employed Population

= (80/100) * 30 million - 21.5 million

= 24 million - 21.5 million

= 2.5 million.

Now we can calculate the unemployment rate:

Unemployment Rate = (2.5 million / (80/100 * 30 million)) * 100

= (2.5 million / 24 million) * 100

= 10.42%.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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the systems development life cycle is comparable to the ipo method, but is used for:

Answers

Answer:

The Systems Development Life Cycle (SDLC) and Initial Public Offering (IPO) method are two distinct processes used in different contexts.

Explanation:

The SDLC is a framework used in software engineering and information systems development to guide the creation, implementation, and maintenance of software systems.

It encompasses a series of phases or stages that include requirements gathering, system design, coding/development, testing, deployment, and maintenance.

The SDLC provides a structured approach to ensure that software systems are developed efficiently and effectively, meeting user requirements and quality standards.

On the other hand, the IPO method refers to the process by which a privately-held company transitions to a publicly-traded company by offering its shares to the public for the first time through an initial public offering.

This method involves various steps such as selecting underwriters, preparing financial statements, drafting a prospectus, conducting due diligence, marketing the offering to potential investors, setting the IPO price, and listing the shares on a stock exchange.

While both the SDLC and the IPO method involve a series of steps or stages, they serve different purposes.

The SDLC is used for developing software systems, whereas the IPO method is used for transforming a privately-held company into a publicly-traded one.

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Question 9 (1 point)
Owning a nursery is a good example of a career in the agriculture, food, and natural
resources career cluster
True
False

Answers

Answer:

True

Explanation:

Nursery refers to a section of a farm where plants are grown up to the desired age before transplanting to bigger fields. They provide a convenient way of taking care of seedlings.  Nurseries offer favorable growth conditions for germinating and growing food and non-food plant seedlings.

The agriculture, food, and natural resources cluster comprise all careers related to the creation of agricultural products. Someone who owns a nursery that grows food plants is under this cluster.

Answer:

True

Explanation:

Which is the best description of Economics?
a. the study of how people make decisions when dealing with scarcity
b. the study of money in the financial system (banking system)
c. the study of how people have purchased and sold things throughout history
d. the study of how you should invest your money in the stock market

Answers

Answer: A the study of how people make decisions when dealing with scarcity

Explanation:

B

Economic is for the ECONOMY

Andie's pitch to Design Group included two years of consulting, training, and product development services and was approved on May 1. On May 15, the CEO of Design Group asked to change the contract to one year of services. After negotiation, Andie and the firm agreed to an 18-month contract. Which conflict management method did the consultant use

Answers

The consultant used the conflict management method of negotiation.

In the given scenario, the CEO of Design Group requested a change to the contract proposed by Andie from two years of services to one year. This created a conflict between Andie and the firm regarding the duration of the contract.

To resolve the conflict, Andie and the firm engaged in negotiation. Negotiation is a conflict management method where the parties involved discuss and bargain to reach a mutually acceptable solution. It involves a process of communication, compromise, and finding common ground.

During the negotiation process, Andie and the firm worked together to find a resolution that would satisfy both parties. Eventually, they agreed to an 18-month contract, which represented a compromise between the original two-year proposal and the CEO's request for a one-year contract.

In dealing with the conflict arising from the requested change in the contract duration, the consultant utilized the conflict management method of negotiation. By engaging in discussions and reaching a mutually agreed-upon solution of an 18-month contract, Andie effectively resolved the conflict with the firm.

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Match the financial institution with its definition.

1. Brokerage Firm

2. Credit Union

3. Bank

a. An organization chartered by either the state where it is headquartered or by the federal government.

b. A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

c. A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

Answers

Answer:

1. C

2. B

3. A

Explanation:

a. Bank: An organization chartered by either the state where it is headquartered or by the federal government.

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

b. Credit Union: A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

c. Brokerage Firm: A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

how to convert 4 cs of credit?

Answers

4 C's of credit are - Capacity, Capital, Co-llateral, and Credit. The decision to extend pay-ment terms to a new customer is based aro-und the 4 Cs of credit.

The 4 Cs of credit are a common set of principles that banks and lend-ers consider when assess-ing business loan applications. The four Cs not only help the lender under-stand your business needs but can also help you when apply-ing for finance.

Stand-ards may differ from lender to lender, but there are 4 core components — the four C's — that lender will eva-luate in deter-mining whether they will make a loan: capacity, capital, co-llateral and credit.

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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation

Answers

Answer:

The answer that I think would be correct is option C (survivors benefits)

Explanation:

Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.

Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.

Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.

Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.

How Socially Conscious Are You?

Answers

i don’t really understand this question. But i have really bad adhd and whenever i’m in a fast paced conversation i often find it hard to stop myself from over sharing and i tend to miss a lot of social queues :/

a couple purchasing property for the first time do not know how they want to take title to the property and ask the selling broker for advice. the broker should advise them to

Answers

A couple purchasing property for the first time do not know how they want to take title to the property and ask the selling broker for advice. the broker should advise the brokers may not give legal advice.

“Belongings” method assets of any kind, whether or not movable or immovable, tangible or intangible and includes any right or interest in such property. phase 2 (eleven) of the Sale of proper Act, 1930 defines property as: “belongings” manner the overall belongings in items and now not merely unique belongings.

Belongings, an object of prison rights, which embraces possessions or wealth collectively, frequently with robust connotations of man or woman possession. In law, the time period refers back to the complicated jural relationships among and among persons with recognition to matters.

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Discuss the need and utility of statistical quality control in industry. Also point out its limitations, if any. 'Quality control is attained most efficiently, of course, not by the inspection operation itself but by getting at the causes'. Comment on the statement. 300 words pleas

Answers

Statistical quality control (SQC) is essential in industry as it provides a systematic approach to monitor and control product quality. SQC uses statistical tools to analyze data from production processes.

allowing for early detection of variations or defects. It helps identify the root causes of quality issues, enabling corrective actions to be taken, reducing waste and improving overall efficiency. SQC also facilitates process improvement by identifying areas for optimization and enhancing decision-making based on data-driven insights. However, SQC has some limitations. It relies heavily on historical data, assuming that the future behavior of the process will be consistent with the past. It may not account for unforeseen factors or changes in the process. Additionally, SQC requires expertise in statistical analysis, making it challenging for organizations without the necessary resources or skilled personnel to implement effectively. The statement emphasizes the importance of addressing the underlying causes of quality issues rather than relying solely on inspection.

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Explain how you would apply any five pricing techniques to attract ccustomers

Answers

Answer:

1. Price skimming. Skimming involves setting high prices when a product is introduced and then gradually lowering the price as more competitors enter the market.  2. Market penetration pricing  3. Premium pricing.  4. Economy pricing.  5. Bundle pricing. (these are just some that I know)

Explanation:

So much percent off, give the costumers discounts

why did God call abraham​

Answers

Answer: god chose Abraham and said i will make you a great nation and i will bless you.

Explanation: god commanded  Abram to move to another country . This is why god planned to make of Abram a new nation from which the prophets of god and the savior of the world would arise.

What are the SDS format requirements?
Select the best option.

There are no format requirements


They must contain at least one protective measure and safety precaution


They must be in a uniform format as required by law


They must be available in all languages

Answers

Answer:

you ngg hfg jbv hgfh hffx nggg ggfh. vgg

C). They must be in a uniform format as required by law

Explanation:

A 'safety data sheet' is described as the document that aims to provide the list of information regarding the occupational health as well as safety for using the different products like chemical compounds and substances like chemical mixtures, etc.  

As per the question, a safety data sheet must 'be presented in a uniform format as per the law'. This sheet primarily intends to instruct the users for safely handling as well as using the product by bewaring them of the prospective hazards related to the use of that particular product which could be any format that could be stated in a 'uniform format' beginning with 'identification of the chemical' followed by various other steps like 'hazard identification, stability, physical and chemical properties, etc.' so that every user can understand the use of product in the systematic order comprehensively.is the correct answer

Which of the following would be a business selling the same thing in another country?

Answers

if I'm wrong please give more details? and ice cream parlour?

Answer:

I think cafe or Hotel will be the best business in another county.

Calculate net worth using the following information.

Assets Liabilities
car - $3,500 car loan - $3,000
savings account - $1,000 credit card - $500
cash - $80
stock - $120
$1,200
$8,200
$12,000
$500

Answers

The net worth of the person, using the given information, can be found to be $ 1, 200

What is a person's net worth ?

The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.

A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.

In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.

The net worth of a person can be found by the formula :

= Assets - Liabilities

= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500

= 4, 700 - 3, 500

= $ 1, 200

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using variable costing and the contribution approach for internal decision making: Facilitates explaining changes in net income. Enables CVP analysis. Supports decision making.

Answers

The three things that using variable costing and the contribution approach for internal decision making does is Facilitates explaining changes in net income , Enables CVP analysis and Supports decision making.  

The Variable costing is a costing method in managerial accounting where only the variable manufacturing costs are considered as product costs and are included in the cost of goods sold.

By using variable costing and the contribution approach for internal decision making can provide several benefits, including:

(i) Facilitates explaining changes in net income:

The variable costing approach separates fixed costs from variable costs, so it provides a better understanding of how changes in sales volume affect net income.

(ii) Enables CVP analysis:

The contribution approach enables managers to use cost-volume-profit (CVP) analysis, which is a powerful tool for understanding the relationship between sales volume, costs, and profits.

(iii) Supports decision making:

The variable costing and contribution approach provides managers with valuable information for decision-making.

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The given question is incomplete, the complete question is

Using variable costing and the contribution approach for internal decision making does what three things?

What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis C. Ensure that the organization's financial investment in employees pays off D. Help hire and place applicants in the best interest of the organization and individual

Answers

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Vast creative specialises in styling and art direction in the advertising industry.the management of vc wants to change the structure of the business to introduce additional services .some employee s are resisting change as they feel that it is not necessary to change the business structure

Answers

Explanation:

Resistance to change occurs when there is some kind of change in the organization, such as changes in the structure of the business, changes in teams, technologies, etc.

This is because there is insecurity in employees, often due to lack of sufficient information about the change and fear of not being able to adapt.

To eliminate employee resistance, company managers must communicate how the change will occur and why it is necessary, listing the positives of the changes and the benefits it will bring to the organization, enabling feedback so that employees feel included and their perception be positive.

Which of the following refers to the way that interest added to an account earns
interest itself?
APY
compound interest
APR
annuity

Answers

Answer:

APY is when interest is added to an account that is earning the money so I belive that is the answer

g. Discuss 3 reasons why governments support business start-ups.

Answers

Answer:

Supporting them means giving the innovation economy a better chance to find solutions. Startups disrupt, transform and better old ideas and create new ones. By doing so they create new markets and opportunities which in turn create more jobs and improve people's lives.

Other Questions
read the sentence. Jeff's need to get home as quickly as possible required clambering up stony cliffs, jogging through ice streams, and trudging through waist-deep grass. based on the context clues, which meaning best fits the word clambering? mounting running walking climbing CONFIDENTIAL BPA 12303 QUESTION 1 Table Q1 below shows the data taken from a study investigating the use of a technique called radionuclide ventriculography as a diagnostic test for detecting coronary artery disease. Assume the participants were randomly selected from the population. Table Q1: Test results of radionuclide ventriculography Disease Test Present Absent Positive 300 80 Negative 180 370 (a) Construct a table of joint probabilities. (5 marks) (b) Determine the following probabilities: (i) Probability of participants have positive test. (2 marks) (ii) Probability of participants have negative test. (2 marks) (iii) Probability of participants have the disease. 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Identify and explain the safety procedures and precautions that should be followed for fire prevention and safety? What trend does electronegativity follow, going down the periodic table?A. Electronegativity increases because there are more total electronsin the atom.B. Electronegativity increases because there are more valenceelectrons in the atom.C. Electronegativity decreases because the valence electrons arefarther from the nucleus.D. Electronegativity decreases because the size of the nucleus isbigger. Which source would be the least helpful for a research paper on Italian Renaissance art? magazines about modern American art interviews with art historians books about famous Renaissance artists museum websites Jake brought a mattress for $425.50. He had a mail in rebate for $75.00. How much money did he save after using his rebate? after preparing the tooth for bonding brackets, the sealant is placed on the ____ and the bonding material on the _____. 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