A company incurred the following costs for a new delivery truck: Purchase price $110,000 Sales tax 7,000 Delivery charge from seller's location 1,600 Special racks for storage 3,000 Normal repairs to the truck before it was used for the first time 1,100 Signs painted on the truck 2,000 Insurance on truck before it was used for the first time 3,000 What is the cost of the delivery truck

Answers

Answer 1

127,700

The answer I gave is the total of incurred charges.


Related Questions

Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers are able to beat the market consistently, the majority of mutual funds underperform the market index at every point in the market cycle as well as in the long-run. B. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index. C. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run approximately half of all mutual funds underperform the market index. D. No mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index.

Answers

The correct option is (d).

Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit. Each variety has unique characteristics, dangers, and benefits.The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation. The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

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A(n) __________ is one that appears to be an agreement but lacks an essential requirement for validity and enforceability. Multiple Choice executed contract valid contract enforceable contract void contract voidable contract

Answers

A document that purports to be an agreement but does not include all necessary terms is known as a void contract. Therefore, choice 3 is right.

What do you mean by a contract?

A contract is defined as a commitment to do something between two or more parties. A loan arrangement between automobile purchasers and sellers is an illustration of a contract.

An arrangement between two persons to get married is an example of a contract.

A formal contract that is effectively void and unenforceable from the moment it is created is known as a void contract.

Hence, the correct option is Void contract to be filled in given blank

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Bell Repair Service allocates overhead based on $50 per trip to each home that requests repair work, plus $1.20 per mile driven to the home. During the past week, Bell provided repair services for 20 customers with average driving distance of 15 miles each. What is the amount of overhead allocated for the week?

Answers

The amount of overhead allocated for the week will be $1360.

How to calculate the amount?

The amount of overhead allocated for the week will be calculated thus:

= (20 × $50) + (15 × $1.20 × 20)

= $1000 + $360

= $1360

Therefore, the amount of overhead allocated for the week will be $1360.

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The law of diminishing returns states that, ceteris paribus, the

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The law of diminishing returns states that, ceteris paribus, the rate of profit from an investment will continue to diminish as more capital ins invested into that product.

What is Ceteris Paribus?

Ceteris Paribus is a Latin phrase often quoted in economics that means "all things being equal". It is used to connote the fact that in the consideration of a law, sometimes it is assumed that all other factors are given or at play.

It is to be noted that the Law of Diminishing Returns is also applicable to Labor, Utility and Marginal Returns.

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Morse Company reports total contribution margin of $68,640 and pretax net income of $13,200 for the current month. The degree of operating leverage is:

Answers

The degree of operating leverage is [tex]0.83[/tex].

What is the degree of operating leverage?How much a company's operating income alters in reaction to a change in sales is measured by the level of operating leverage.Analysts can assess the effect of any change in sales on business earnings using the DOL ratio.Due to the high percentage of fixed expenditures in an organization with high operating leverage, a significant increase in sales may result in outsized changes in profitability.Operating leverage formula:

[tex]\frac{FC}{TC} = \frac{FC}{FC+VC}[/tex]

Where FC is a fixed cost, TC is the total cost and VC is a variable cost.

Solution -

Contribution margin is $68,640 and pretax net income is $13,200.

So, applying the values in the formula we will get:

[tex]\frac{68,640}{13,200+68,640}[/tex]

[tex]0.83[/tex]

Therefore, the degree of operating leverage is [tex]0.83[/tex].

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The marginal tax rate is equal to the Group of answer choices total amount of a person's tax payment divided by the total amount of the person's taxable income. total amount of a person's tax payment divided by the change in the person's taxable income. change in the person's tax payment divided by the total amount of the person's taxable income. change in the person's tax payment divided by the change in the person's taxable income.

Answers

The marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.

What is marginal tax rate?

The marginal tax rate refers to the extra amount paid as tax for each additional dollar earned as income.

Hence, the marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.

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The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.

Answers

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

What does law of supply states?

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

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A tech research and development team is struggling through a problem with its software. The team brainstorms and asks questions that lead the group to develop experiments to narrow down understanding of the issues involved. The team follows through on those and discovers the process that led to the glitch. Team members then discuss their options based upon this new understanding. This is an example of what theory of learning

Answers

The theory of constructivism learning is depicted by the process followed by the team to discovers the process that led to the glitch.

What is a constructivism learning?

This theory of learning suggest that learners should construct knowledge rather than just passively take in information.

Hence, the theory of constructivism learning is depicted by the process followed by the team to discovers the process that led to the glitch.

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Within a ________________________ economy, we often see both producers and consumers responding to the incentive of price changes.

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Within a market economy, we often see both producers and consumers responding to the incentive of price changes. Read below about market economy.

What is a market economy?

A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand.

Therefore, the correct answer is market economy.

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Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition

Answers

Answer:

I think it should be D keep checking just in case

The answer is D I think

According to Michael Kremer, large populations: a. require the capital stock to be spread thinly, thereby reducing living standards b. place great strains on an economy's productive resources, resulting in perpetual poverty c. are a prerequisite for technological advances and higher living standards d. are not a factor in determining living standards

Answers

According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

Who is Michael Kremer?

Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.

Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.

Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

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In june, a client buys 100 shares of xyz corporation at $27 per share and writes an xyz october 30 call at a $3 premium. the trade is executed in a cash account. what is the breakeven point for the writer

Answers

The breakeven point for the writer on the share trading is equal to $24.

The third option is the correct answer.

What is a breakeven point?

A breakeven point is a situation where the company earns no profit and no loss amount in the Cost-Volume-Profit (CVP) analysis.

Given values:

Share price: $27

Premium per share: $3

Computation of breakeven point:

[tex]\rm\ Breakeven \rm\ point = \rm\ Share \rm\ price - \rm\ Premium \rm\ per \rm\ share\\\rm\ Breakeven \rm\ point = \$27 - \$3\\\rm\ Breakeven \rm\ point = \$24[/tex]

Question's missing part:

The options are as follows:

1) $33

2) $30

3) $24

4) $33

Therefore, the point where the shares are breakeven is $24.

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Using the aging approach, management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be ______ the Allowance for Doubtful Accounts on the balance sheet. Multiple choice question. the same amount as $100 less than $100 more than

Answers

Using the aging approach management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible.  The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be the same amount as $10,000 the Allowance for Doubtful Accounts on the balance sheet.

What is Accounts Receivable?

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.

How do you record Bad Debt Expense?

To record the bad debt expenses, you must debit bad debt expense and a credit allowance for doubtful accounts. With the write-off method, there is no contra asset account to record bad debt expenses. Therefore, the entire balance in accounts receivable will be reported as a current asset on the balance sheet.

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friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between:

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Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between: unanticipated inflation and cyclical unemployment.

What is inflation?

This is the time in the government or the economy of a nation where they are faced with the rise in the prices of goods and services.

This may cause people to lose their jobs and also cause people to buy less of goods and services.

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The elements in a defamation case are: a. defamatory statement; falsity; communication; and injury. b. a contract; knowledge of the contract; improper inducement; injury. c. false or misleading fact statements; statements in commercial advertising; likelihood of harm. d. duty; breach of duty; proximate causation; and damages.

Answers

The elements in a defamation case are defamatory statement; falsity; communication and injury. Thus the correct answer is A.

What is defamation?

The act of defamation is applied when the public appearance of an individual in terms of reputation, respect, and image got damaged by a third party person.

The element of a defamation case includes-

A statement that spoils the image of an individual.the passing of any false information about an individual to the public.This causes damage to individuals' social presence. When the case is presented in court it is noticed that injury has been made to individuals as they received mental stress and public hatred.

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Ryan and Carly are planning to enter into a limited partnership in which neither the general partners nor the limited partners have personal liability for the debts and obligations of the partnership. They agree that debts of the partnership are solely the responsibility of the partnership, not of the general or the limited partners. According to their agreement, Ryan and Carly are forming a ________.

Answers

According to their agreement, Ryan and Carly are forming a Limited Liability Partnership.

What is a limited liability partnership?

A limited liability partnership is a business structure that allows partners' liabilities to be limited to the amount they agreed to contribute to the partnership.

The purposes of establishing a partnership are:

Spreading the riskLeveraging individual skills and expertiseEstablishing a division of labor.

Thus, according to their agreement, Ryan and Carly are forming a Limited Liability Partnership.

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What does copyright law protect?

Answers

Answer:

Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.

the ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called ______.

Answers

The ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called the rationing function of prices.

What is the rationing function of prices?

Rationing function of price  is used to measure the goods that consumer can use their money to buy.

When their is scarcity of goods in the market this means that demand will be  above supply and the outcome is that price of goods   will tend to increase or  bid up.


Therefore the ability of the competitive forces of supply and demand to establish a price  is called the rationing function of prices.

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A speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness. True or False ?

Answers

It is true that a speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness.

What is anecdote?

Anecdote are short stories that can be used during presentation to make the audience relate with the story and also follow the speaker.

If a speaker want to be lively anecdote can be used to keep the audience alive.

Therefore,

It is true that a speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness.

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When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________.

Answers

When the Federal Reserve calls in a discount loan from a bank, the monetary base increases, and reserves increase.

What is the monetary base?

The total quantity of cash in the hands of the general people or in the form of commercial bank deposits kept in the reserves of the central bank constitutes the monetary base. Since it does not include various types of non-currency money that are common in a modern economy, this measure of the money supply is not frequently used.

The monetary base increases as the Federal Reserve generates additional funds to buy bonds from commercial banks, increasing the banks' reserve holdings in the process.

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Departmental information for the four departments at Samoa Industries is provided below. Total Cost Cost Driver Square Feet Number of Employees Janitorial $150,000 Square footage serviced 200 40 Cafeteria 50,000 Number of employees 20,000 12 Cutting 1,125,000 4,000 120 Assembly 1,100,000 16,000 40 The Janitorial and Cafeteria departments are support departments. Samoa uses the sequential method to allocate support department costs, first allocating the costs from the Janitorial Department to the Cafeteria, Cutting, and Assembly departments. Question Content Area 1. Determine the dollar amount of the Janitorial Department costs to be allocated to the: a. Cafeteria Department $fill in the blank d3a3f7fe8044fdc_1 b. Cutting Department $fill in the blank d3a3f7fe8044fdc_2 c. Assembly Department $fill in the blank d3a3f7fe8044fdc_3 Question Content Area 2. Determine the dollar amount of the Cafeteria Department costs to be allocated to the: a. Cutting Department $fill in the blank e20147f63072f97_1 b. Assembly Department

Answers

The dollar amount of the Janitorial Department costs is $30,000 and $120,000 respectively while the dollar amount of the Cafeteria Department costs is $10,000 and $40,000.

Dollar amount of the Janitorial Department:

Cutting department:

= $150,000 X 4,000 / (4,000 + 16,000)

= $30,000

Assembly department:

= $150,000 X 16,000 / (4,000 + 16,000)

= $120,000

Dollar amount of the Cafeteria Department:

= $50,000 X 4,000 / (4,000 + 16,000)

= $10,000

Assembly department:

= $50,000 X 16,000 / (4,000 + 16,000)

= $40,000

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What actions would the fomc likely take if it were to pursue contractionary monetary policy using open market operations?.

Answers

The key movements via are to increase the economy consist of a decreased bargain fee, buying government securities, and a decreased reserve ratio.

When the Fed makes use of contractionary policy?

When GDP in a kingdom is growing too fast, inflicting inflation to grow past a suited charge of two%, central banks will put in force a contractionary economic coverage. The Federal Reserve, or any principal financial institution, has three primary pieces of equipment to reduce the money supply.

A direct advantage of contractionary economic coverage is that it strengthens government budgets. As an instance, whilst the Fed's bargain price increases, the government earns extra cash from the banks that borrow budget from the Fed's cut price window. The government can use this supply of sales to offset spending and decrease price range deficits.

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Which nims management characteristic is necessary for achieving situational awareness?.

Answers

The NIMS Management Characteristic is facilitating information sharing is Integrated Communications.

What are the characteristics of NIMS?

All levels of government are governed under the National Incident Management System (NIMS). Common nomenclature, modular organization, management by objectives, and incident action planning are some of the key traits.

Interoperable communication methods and systems, which include voice and data linkages, are developed and put to use to facilitate integrated communications.

To sustain connectivity, establish situational awareness, and make information sharing easier, integrated communications are required.

As a result, integrated communications is the correct option.

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Valuation of a swap during its life will least likely involve the:

Answers

Valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage.

What is Swap?

Swap involves two individual that exchanging properties or money. This individual use different tools for the exchange as desired by them.

Arbitrage allows for sale of goods or property at the highest asking price and valuation will most like involve in it.

Therefore, valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage

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The ____ was passed by Congress in an attempt to encourage government employees to report cost overruns by government contractors.

Answers

The Whistleblower Act was passed by Congress in an attempt to encourage government employees to report cost overruns by government contractors.

What is  Whistleblower Protection Act ?

The Whistleblower Protection Act protects “any disclosure of information” by federal government employees that they “reasonably believes evidences an activity constituting a violation of law, rules, or regulations, or mismanagement, gross waste of funds, abuse of authority or a substantial and specific danger to public health and safety.”

It prohibits retaliation such as demotions, pay cuts, or dismissals for blowing the whistle and provides legal remedies to whistleblowers who experience such retaliation. It also allows whistleblowers to make their disclosures confidentially.

What the Whistleblower Protection Act  say?

The Whistleblower Protection Act forbids every state official and employee from retaliating or attempting to retaliate against any employee or applicant for employment who reports an improper activity.

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A consumer contest is an example of Group of answer choices sales promotion. public relations. personal selling. indirect selling. social media.

Answers

In marketing, an example of a Sales promotion is a consumer context.

What is a Sales promotion?

This refers to strategy employed by a firm who uses a campaign or offer to increase the consumer;s interest or demand in its product

Because the consumer context involves making relevant offers when the customer is poised to make a purchase, this is an example of Sales promotion.

Therefore, the Option A is correct.

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The consumer contest is SALES PROMOTION.

SALES PROMOTION is a methodical way a company sells its product to target customers.It requires the company to check its customer demands the company also offers a discount to the customer to gain their trust and confidence.  It also helps in making long-term relationships with their customer.

The correct answer is option A.

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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.

Answers

Answer: within five days or 10

Explanation:

A gold standard ensures a long-run tendency toward price stability because

Answers

A gold standard ensures a long-run tendency toward price stability because the cost of producing an ounce of gold stays relatively constant overtime.

What is a gold standard?

A gold standard is the system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.

Therefore, the correct answer is the cost of producing an ounce of gold stays relatively constant overtime.

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Because a project requires resources, often from various areas, many projects cross ____ or other boundaries to achieve their unique purposes

Answers

Because a project requires resources, often from various areas, many projects cross-departmental or other boundaries to achieve their unique purposes. This is further explained below.

What is a department?

Generally, a specialized department inside a larger institution (governmental, academic, or commercial) focuses on one area of focus.

In conclusion, For many initiatives to succeed, it is necessary to pool resources from different departments or even other organizations.

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When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate

Answers

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

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