Branson Corp. purchased a new machine for its business. The following list shows the various expenditures for the machine during its first year: - Base purchase price,
$50,000
- Sales tax incurred at the time of purchase,
$3,000
- Installation charges for the machine,
$2,000
- Insurance costs incurred while the machine was being shipped,
$200
- Insurance costs for the first year of the machine's service life,
$500
- Ordinary repairs and maintenance costs during the first year of the machine's service life,
$1,200
Question: What should be the capitalized cost of the machine? Do not use symbols or cents in the numerical response. Answer:
$
Answers
The capitalized cost of the machine should be 56,900.
Capitalized cost is also called the historical cost of the asset. It is the actual cost of acquiring the asset along with all the necessary expenditures incurred to get the asset ready for use in the production process.
The different expenditures for the machine during its first year include:
The base purchase price, $50,000
Sales tax incurred at the time of purchase, $3,000
Installation charges for the machine, $2,000
Insurance costs incurred while the machine was being shipped, $200
Insurance costs for the first year of the machine's service life, $500
Ordinary repairs and maintenance costs during the first year of the machine's service life, $1,200
The capitalized cost of the machine will be the sum of all the expenditures,
$50,000 + $3,000 + $2,000 + $200 + $500 + $1,200 = $56,900
Thus, the capitalized cost of the machine is $56,900.
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Related Questions
THIS IS FOR EDGE BUSINESS TECH PLEASE ANSWER ALL QUESTIONS (6) !!
1. Describe two trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 4.0 points)
2. Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others. (2-6 sentences. 3.0 points)
3. Visit the Web site for a well-known company, and find the section that states its mission. What is the company's mission? How does the mission relate to the type of products the company sells? Did anything surprise you about the mission? Why or why not? TIP: If the company's Web site doesn't describe its mission, choose a different company. (1-5 sentences. 3.0 points)
4. Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences. 3.0 points)
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Answers
Marketing trends for the current market are related to innovation, such as the digital market, with the sale of infoproducts through influencer marketing.
What is influencer marketing?It is an approach on the rise that originated due to the sharing of information on digital platforms. It consists of strategies for engaging a person on the internet, generating trust in their opinion about a product and brand, promoting it.
Based on influencer marketing, some business ideas that can be profitable in today's market are:
Selling online coursesDigital marketing consultancyDigital influencerDigital designerMarketing agencyTo stand out in a competitive and globalized market, it is essential that the company develops its values and mission in line with its objectives and promoting the brand's socio-environmental responsibility.
Therefore, the use of marketing tools such as SWOT analysis will help an organization to be positioned in the market, by expanding the vision of the micro and macro environment.
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homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company
Answers
The expected weekly cranks output should be 3,693.60.
The following formula should be applied:
= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level
= 95 × 9 × 6 × 90% × 80%
= 3,693.60
Therefore we can conclude that The expected weekly cranks output should be 3,693.60.
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Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8. 5% interest rate (money factor of 0. 00354) and a residual value of 72%. Determine Ralph’s approximate monthly lease payment. A. $145. 00 b. $230. 40 c. $248. 89 d. $443. 73.
Answers
Based on the information given in the question the approximate value of monthly lease payment is 443.73, which relph paid.
Given that, in $
Principal value =32000
\(\begin{aligned}\text{Residual Value}&=\text{Principal}\times\text{ Residual Percentage}\\&= \$32,000\times 72\%\\&=\$23040.\end{aligned}\)
\(\begin{aligned}\text{Depreciation}&=\text{Principal}-\text{ Residual value}\\&=32,000-23040\\&=8960\end{aligned}\)
\(\begin{aligned}\text{Base monthly lease payment}&=\frac{Depreciation}{ Residual value}\\&=\frac{8960}{36}\\&=248.89\end{aligned}\)
\(\begin{aligned}\text{Interest per month}&=\text{Principal amount}+{ Residual value}\times{money factor}\\&=\text{8960}+{23040}\times{0.00354}\\&=194.84\end{aligned}\)
\(\begin{aligned}\text{Monthly lease payment}&=\text{Base monthly lease payment}+{Interest per month}\\&=\text{248.89}+{194.84}\\&=443.73\end{aligned}\)
Hence, the monthly lease payment is approximately $ 443.73
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does 1 plus 1 = 65 yes or no
Answers
Answer:
No 1 + 1 = 2
Explanation:
Lol
Effective tax planning requires all of these considerations except:A) nontax factors.B) the taxpayer's tax costs of alternative transactions.C) the other party's tax costs of alternative transactions.D) the other party's nontax costs of alternative transactions.E) all of the choices are required considerations.
Answers
Effective tax planning requires all of these considerations except the other party's nontax costs of alternative transactions.Explanation:Effective tax planning requires the considerations of nontax factors, the taxpayer's tax costs of alternative transactions, and the other party's tax costs of alternative transactions. These considerations must be balanced against each other to develop an optimal tax plan.
A tax plan must reflect a careful analysis of how changes in one factor may impact other factors, and ultimately, the overall tax situation.The taxpayer's tax costs of alternative transactions should always be considered because tax minimization is an important goal of tax planning. Therefore, it is essential to assess all the alternatives available and their tax implications. Nontax factors must also be taken into account since they can impact the choice of a transaction that is most advantageous from a tax perspective.
Finally, the other party's tax costs of alternative transactions must be considered. However, the other party's nontax costs of alternative transactions are not as crucial in effective tax planning. Hence, the answer is option D) the other party's nontax costs of alternative transactions, which is not a required consideration.
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If a company using accrual-basis accounting wanted to overstate their income at the end of the fiscal year with increased shipments, the two accounts that would be most at risk are:
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The two accounts that would be most at risk are: Sales and Accounts Receivable
Accrual method of accounting is an accounting method that reports on the company book revenue and expenses as they occur in which assets are then adjusted when revenue and expenses are paid.
Assuming a company or organization are to increased shipments which they are having doubt about as to whether those shipment would either be returned or not paid for.
The company book would show increase in income and increase in account receivable as the company is yet to receive payment for the goods that were shipped.
In a situation were the goods that was returned are high which means that at the end of the fiscal year both sales and account receivable account will be affected.
Inconclusion The two accounts that would be most at risk are: Sales and Accounts Receivable.
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Which is a good example of differentiated instruction? giving every student a different subject area goal to work toward teaching students in several different grades at the same time requiring students to come up with many ways to solve the same problem assigning a project but letting students complete it any way that they want
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Differentiating instruction may entail having the teacher offer lessons at various degrees of difficulty depending on the aptitude of each student, or it may entail presenting the same topic to all students using a range of instructional methodologies.
Differentiation refers to modifying instruction to accommodate student requirements. This approach to instruction is effective because it uses ongoing evaluation and flexible grouping, regardless of whether teachers differentiate material, process, products, or the learning environment. The concept of differentiated teaching has its origins in the one-room schoolhouse era, when all pupils, regardless of age, were taught in the same classroom by the same instructor. Children of the same age were thought to study equally as the educational system changed to graded schools.
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What is the name of the organization that published abbreviations that are meant to avoid confusion in international business transactions?.
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The name of the organization which published abbreviations which are meant to avoid confusion in international business transactions is the International Chamber of Commerce.
In order to facilitate commerce around the world, the International Chamber of Commerce (ICC) publishes a set of Incoterms, which is officially known as the international commercial terms. Thus, globally recognized Incoterms tend to prevent confusion in the foreign trade contracts.
This organization called the International Chamber of Commerce tends to publish abbreviations which are meant to avoid confusion in the upcoming international business transactions.
Hence, the International Chamber of Commerce (ICC) developed Incoterms in 1936.
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Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:
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According to the reading, the main body of a business plan does NOT normally include which of the following:
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According to the reading, the main body of a business plan does not normally include a full roster with names, of all planned hires for at least six months.
A business plan refers to a written document that helps in describing the activities of a business, its objectives, and how it intends to achieve its goals.,It should be noted that a good business plan should include the executive summary, the products and services that the company offers, their analysis, and the marketing strategies. A business plan is required in order to attract investors. It's also useful so that the company can have an effective strategy in place that will be used for the company's growth.Read related link on:
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Answer:
D-A full roster, with names, of all planned hires for at least six months.
Explanation:
took the quiz
what is turgidity
..............
Answers
Answer:
Turgidity is the state of being swollen or turgid,
Marginal factor cost (MFC) is
A. the additional cost generated by producing an additional unit of output.
B. the additional revenue generated by employing an additional factor unit.
C. the additional cost generated by employing an additional factor unit.
D. total cost from the production of a product divided by the total number of factor units used.
Answers
Answer:
c
Explanation:
Marginal factor cost (MFC) is the change in total cost as a result of employing one more unit of a factor of production.
Marginal factor cost is determined by dividing the change in total cost by the change in factor of production.
Imagine that total cost is 100 when there are 2 units of labour employed. total cost increases to 200 when 3 units of labour are employed.
the marginal factor cost = \(\frac{200 - 100}{3 - 2}\) = 100
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal factor revenue is the additional revenue generated by employing an additional factor unit.
Average factor cost is total cost from the production of a product divided by the total number of factor units used.
The following costs were incurred in August:Direct Labor $14,000Direct Materials $37,000Manufacturing Overhead $38,000Selling Expenses $10,000Administrative Expenses $28,000What were conversion costs for the month?
Answers
Answer:
Conversion cost=$52,000
Explanation:
Conversion cost is the sum of direct labour cost and the manufacturing overheads incurred to transform direct material into finished goods.
Direct labour cost is the amount paid to workers directly engaged for production purpose.
Manufacturing overhead is the sum of indirect material, indirect labour and indirect expenses incurred for production purpose
Conversion cost = Direct labour cost + Manufacturing overhead
= $14,000 + 38,000= 52,000
Conversion cost=$52,000
Suppose that the weekly profit, in dollars, of producing and selling x cars is P (x) = negative 0.007 x cubed - 0.2 x ^2 + 1000 x - 1100,and currently 60 cars are produced and sold weekly. Use P (60) and the marginal profit to estimate the weekly profit of producing and selling 62 cars. Round to the nearest dollar.
Answers
Answer:
The weekly profit "P" of producing and selling "x" cars, is given by the expression \(P(x)= -0.007x^3-0.2x^2+1000x-1100\).If the amount of cars produced and sold are x=60, then the profit linked to those 60 cars will be given by \(P(60)= -0.007(60)^3-0.2(60)^2+1,000(60)-1,100\), where the amount of cars "x" has been replaced by 60. This equals \(P(60)=56,668\). Marginal profit is defined as the change in profits when the amount of cars produced and sold change in a unit. Matematically, it equals the derivative of P(x) in terms of x: \(\frac{\partial P(x)}{\partial x}= -0.021x^2-0.4x+1,000\) . If the amount of cars produced and sold change in two units, then the marginal profit (or additional profit) obtained by producing and selling these two additional cars is \(-0.021(2)^2-0.4(2)+1,000\) ≈ \(1,000\).Then, producing and selling 62 cars would produce a benefit of \(\$56,668+\$1,000= \$57,668\).What ways can you improve a company?
Answers
2. Recognize and reward valuable contributions.
3.Cultivate strong coworker relationships
4. Embrace and inspire employee autonomy
5. Assist Your Team Members in Reaching Goals
A reference value involves a. comparing the costs and benefits of items from one particular manufacturer or distributor. b. products with which a consumer is familiar and items the consumer has not seen or used before.c. items of equal or greater value. d. substitute items.
Answers
Complete Question:
A reference value involves comparing the costs and benefits of?
Answer:
d. substitute items.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
\( Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand} \)
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
Hence, a reference value involves comparing the costs and benefits of items substitute items.
A substitute item can be defined as a product (item) that a consumer sees as an alternative to another product (item) and as such would offer similar benefits or satisfaction to the consumer.
For substitute products (items), the cross-price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
Claims for future collection from customers
Answers
Answer:
Accounts receivable
Explanation:
Accounts receivable is an account that records money that customers owe a business. It represents money that a business expects to collect from customers for goods and services already delivered, but payment is not yet made.
Accounts receivable are treated as currents assets. The business expects to collect the money within the financial year. Account receivables arise when the business sells goods or services on credit.
whats a sales forecast?
A. A prediction as to the volume of sales that a business expects to make in the upcoming future.
B. A prediction of how popular a business product will be on social media
C. A prediction of what other businesses will make similar products
D. A prediction of how many customers a business will have visit its store
Answers
A sales forecast is a prediction or estimate of the volume of sales that a business expects to make in the upcoming future. Option A is the correct answer.
It involves analyzing historical sales data, market trends, customer behavior, and other relevant factors to project the expected sales performance of a business over a specific period.
Sales forecast is an essential tool for businesses to anticipate and plan for their future sales activities, including setting targets, making informed decisions about resource allocation, and developing effective sales strategies. Option A is the correct answer.
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Define the word inquisitive in entrepreneurship ( business ) form .
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Exercises 2: (rewrite exercise s of lab s using inheritance) A company is developing a payroll system for employees. You are part of the software development team responsible for the set of classes to represent expenses. Note: use inheritance in this exercise Specifications: • Employes can be either hourly based employee, salary based employees, commission-based employees or salary and commission based employees • Each employee has a first name, last name, address, and an ID • Hourly based employees are paid a rate per hour for the first 40 working hours per week, and 1.5 time the rate for any hour after that • Salary based employees have a predetermined weekly salary regardless of the number of hours worked • Commission based employees are paid a particular percentage of the total sale amount All employees have a method to calculate and print the total payment per week Write the implementation of the above classes. Make sure to include the constructors, the setters and getters where appropriate and the method for calculating the amount of weekly payment. Implement a PayrollSystem class such that: • The class uses a single list separate list to store all employee. • Implement a proper constructor for the class. • Implement the method print_payapal that prints the amount to be paid for each employee. • Implement a set of methods for adding employees to the PayrollSystem (example add_hourly_emp, add_commession_emp, and so on). • Create a driver (test) program for the PayrollSystem
Answers
I will create a base class called "Employee" with common attributes and methods, and then create derived classes for each type of employee. The Payroll System class will use a list to store employees, and it will have methods for adding employees and printing the payment amount for each employee.
I will design the solution using inheritance, creating a base class "Employee" with shared attributes like first name, last name, address, and ID. Each specific type of employee (hourly, salary-based, commission-based, or salary and commission-based) will be a derived class of "Employee" with its own implementation of the method to calculate the weekly payment. The PayrollSystem class will have a list to store employees, and it will provide methods to add employees of each type and a method to print the payment amount for each employee. This design promotes code reusability, as common attributes and behaviors are encapsulated in the base class, and specific behaviors are implemented in the derived classes.
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To reduce waiting times by actively managing system constraints, managers could consider: (I) using temporary workers. (II) shifting demand from high-demand periods to low-demand periods. (III) offering more service variety. (IV) discovering bottlenecks.
Answers
Answer:
(I) using temporary workers.
(II) shifting demand from high-demand periods to low-demand periods
(IV) discovering bottlenecks.
Explanation:
For reducing the waiting lines manager should be considered by using the temporary workers that help the company for any loss now if the demand is shifted from high to low it helps to manage the service level and for establishing the bottlenecks the problem is also solved
Therefore the first second and fourth part is chosen
Which of the following examples demonstrate common education and qualifications for Health, Safety, and Environmental Management careers? Check all that apply.
Houston is good at leading and supervising other workers.
Penny is very creative and can think of new ways to solve problems.
Melinda is good at explaining safety instructions to workers.
Caron has good mechanical knowledge of how diesel engines work.
Edgar has a bachelor’s degree.
Kent is a very good driver.
Answers
Answer:
B,C,E
Explanation:
100% on Edg
Answer:
2)Penny is very creative, and can think of new ways to solve problems.
3)Melinda is good at explaining safety instructions to workers.
4) Edgar has a bachelor’s degree.
Explanation:
Got it right on edge :)
Trice is a fellow student who heard about your business idea and put you in contact with his brother-in-law who might have similar interests. What is the role that Trice is playing
Answers
The role that Trice is playing is:
Self selected stakeholder.
Who is a Self selected stakeholder?This refers to a person who connects entrepreneurs and people with resources so that they can have a part of the business.
With this in mind and with the role of Trice who helped to connect an entrepreneur with an investor who happened to be her brother-in-law, then she is playing the role of a Self selected stakeholder
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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What is a public good?
A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment
B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment
C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment
D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
Answers
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment
kelhouse corp. specializes in mobile computing devices. it has developed a working model of a cell phone charger that can charge the battery of a cell phone in less than 15 minutes. this model is being tested for design, function, and reliability. in the context of the experiential approach to innovation, the working model is a
Answers
In the context of the experiential approach to innovation, the working model is a Product Prototype.
A prototype is a sample or early version of a product or concept that you intend to develop and ultimately mass-produce. Before moving to mass production and risking any money, you must always find a method to explain your idea to potential investors in a clear and frequently tangible manner whenever there is a new investment opportunity.
Almost every business you can think of uses prototypes, which frequently serve as the starting point for the validation of concept designs and product testing. Prototypes are used by a wide range of professionals to simulate their goods and draw in investors, including architects, designers, engineers, filmmakers, and app developers.
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After a trade barrier is put in place, the market price will be_______
the quantity of the product available will be ______
Answers
After a trade barrier is put in place, the market price will be higher and the quantity of the product available will be lower. This is because trade barriers, such as tariffs and quotas, restrict the amount of foreign goods that can enter a country. This leads to a decrease in supply, which in turn causes prices to increase and the quantity of goods available to decrease.
In at least 150 words, examine the formatting of a resume. What items are of importance for the formatting checklist? What about errors? Explain the areas that should be addressed for proper resume formatting.
Answers
Answer:
The formatting of a resume is a way to make your resume professionally organized and easy for your employer to read as well as making it more distinctive. The items that are of importance for the formatting checklist are uniformity, font size and style, white space, and print quality.
Uniformity presents information in a uniform way that is crucial throughout a resume, as it establishes reader expectations and recognition of similar information.
Resumes should be easy to read that makes your employer enjoy reading it while maintaining a professional look in it. Resumes should be typed using at least a 12-point font.
White space separates sections of the resume and makes it easier to read.
Finally, resumes should be printed on the best quality paper. In fact, it is best to have them professionally printed. Never use a resume that has a smudge or has become dirty.
Errors in spelling, grammar, punctuation, and facts must be corrected before sharing the resume with a potential employer. Since it is difficult to proofread errors on your own, have someone that you know to proofread your resume for you. They can also offer feedback while they are proofing and can think of information that can be included in the resume.
If someone hire you today, what are some skills that you have that you can use in the workplace?
Answers
Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's Earnings and Profits (E&P) is $25,000 and Sally's basis in her Dixie stock is $10,000. Sally's basis in her Dixie stock after the distribution is (A). $31,000 (B). $25,000 (C). $10,000 (D). $4,000
Answers
Answer:
(D) $4,000
Explanation:
Initial amount distributed is $31,000
Earnings and Profit (E & P) $25,000
Therefore, Distribution in excess of earnings and Profit would be;
= Initial amount distributed - Earnings and Profit
=$31,000 - $25,000
=$6,000
Sally basis in her Dixie stock after the distribution would be ;
= Basis - Excess distribution
=$10,000 - $6,000
=$4,000