Ralph Company incurred the following expenditures to buy a new machine: Invoice, $35,000 less 8% cash discount
Question:
Ralph Company incurred the following expenditures to buy a new machine:
Invoice, $35,000 less 8% cash discount
Freight charges, $440.
Assembly charges, $1,500.
Special base to support machine, $502.
Machine dropped and repaired, $390.
What is the actual cost of the machine?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
The act...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
Austin Company incurred the following expenditures to buy a new machine: Invoice, $31,000 less 13% cash discount. Freight charges, $480. Assembly charges, $1,400. Special base to support machine,...
-
Mack Company incurred the following expenditures to buy a new machine: Invoice, $30,000 less 10% cash discount Freight charges, $500 Assembly charges, $1,400 Special base to support machine, $505...
-
The following questions are adapted from a variety of sources including questions developed by the AICPA Board of Examiners and those used in the Kaplan CPA Review Course to study property, plant,...
-
Using the 526 observations on workers in a certain dataset, we include educ (years of education), exper (years of labor market experience) and tenure (years with the current employer) in regression...
-
In a small flip angle COSY experiment, work out the contribution which the operator product 1+ 23, present during t1, makes to the 1-2 cross peak. You should follow the same approach as used in...
-
Forecasts of the income statement typically require estimates of cost of goods sold (gross profit) and operating and nonoperating expenses (revenues) as a percentage of revenues. Identify at least...
-
If a well-behaved investment alternative's internal rate of return (IRR) is equal to MARR, which of the following statements about the other measures of worth for this alternative must be true? 1....
-
You are doing the audit of Peckinpah Tire and Parts, a wholesale auto parts company. You have decided to use monetary unit sampling (MUS) for the audit of accounts receivable and inventory. The...
-
1. there are two different schools of thought on how to lower gasoline prices and reduce U.S. dependence on foreign oil. One is to increase supply of oil (drilling offshore), and the other is to...
-
After the birth of her fourth child, a Puerto Rican woman is referred for depression by her family doctor. At the intake interview, her husband comes and answers all questions. He indicates that he...
-
Menard Company bought a light general-purpose truck for $8,500 on February 6, 2006. Calculate the yearly depreciation using the MACRS method.
-
From the following, prepare depreciation schedules for the first 2 years for (a) Straight-line, (b) Units-of-production, (c) Double declining-balance at twice the straight line rate methods. Machine...
-
Your firm receives 40 checks per month. Of these, 10 are for $1,200 and 30 are for $500. The delay for the $1,200 checks is 4 days; the $500 checks are delayed 6 days. What is the weighted average...
-
Amanda, who is in the 32% marginal tax bracket, must decide between two investment opportunities, both of which require an initial cash outlay of $75,000 at the beginning of year 1. This investment...
-
Which is best Network protocol to use for new small organization kind of startup
-
Eagle Enterprises issued 10 year bonds in March 2014 with a face value of $1,000, paying semi-annual coupons with a coupon rate of 6%, and a yield to maturity of 4%. It is now March 2017, what is the...
-
One of the best features of Wireshark is its ability to customize your capture approach to address the problem you are trying to find or solve. Security professionals use Wireshark to research...
-
Give a response justifying why NOT to adjust for inflation on financial statements. What are the positives to not adjusting?
-
1. Debate whether or not it is ethical to track consumers' physical movements, especially children's movements. 2. Discuss other ways marketers can track consumers in meat space. By now, you know...
-
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
-
A. Langer and B. Sharpless have decided their partnership earnings will be shared as follows: (a) 12% interest allowance on capital balances at beginning of year, (b) With the remainder to be shared...
-
Julie Eagleson, Tami DeBurgo, and Abby Ellars are partners who share losses and gains in a ratio of 2:2:1. Their capital balances are $4,800, $6,900, and $3,900, respectively. The partners are...
-
L. Waddell, V. Slye, and E. Rothe are partners with capital balances of $89,000, $82,000, and $68,000, respectively. Rothe sells his interest in the company for $90,000 to P. Skou. Waddell and Slye...
-
How could you proceed to find out how many of the eligible people would actually join the new chapter? Be specific about your methods of gathering data.
-
Discuss the role of linear programming in capacity planning and how it can be used to determine optimal production levels.
-
Prices of Athletic Shoes Prices (in dollars) of mens, womens, and childrens athletic shoes are shown. At the 0.05 level of significance, can it be concluded that there is a difference in mean price?
Study smarter with the SolutionInn App