Question: C ompany ABC buys a new machine with a list price of $ 5 0 , 0 0 0 plus an 8 % sales commission.

C ompany ABC buys a new machine with a list price of $50,000 plus an 8% sales commission. Shipping costs are $800 FOB Destination. Installation costs are $1000. What cost does Company ABC record for the new machine?: *
a. $47,000b. $50,000c. $54,000d. $55,000e. $55,800

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