Ahrens Industries purchased a new machine on October 31, 2020. A $2,400 down payment was made and three monthly installments of $7,200 each are to be made beginning on November 30, 2020. The cash price would have been $23,200. Ahrens paid no installation charges under the monthly payment plan but a $400 installation charge would have been incurred with a cash purchase. What is the amount to be capitalized as the cost of the machine on October 31, 2020

Answers

Answer 1

Based on the information given the amount to be capitalized as the cost of the machine on October 31, 2020 is $23,600.

Using this formula

Capitalized amount=Cash price  + Installment charges

Where:

Cash price=$23,200

Installment charges=$400

Let plug in the formula

Capitalized amount=$23,200+$400

Capitalized amount=$23,600

Inconclusion the amount to be capitalized as the cost of the machine on October 31, 2020 is $23,600.

Learn more here:https://brainly.com/question/13963250


Related Questions

the seven members of the board of governors of the federal reserve are appointed by

Answers

As the financial institution that takes charge of the monetary policies of the government, the Board of Governors' seven members of the Federal Reserve are appointed by the US President and confirmed by the Senate.

The Board of Governors, which has its office in Washington DC, is in charge of the supervision of the Federal Reserve Banks. It manages the government's monetary policies and issues various banking and consumer-credit regulations.

Thus, the seven members of the board are appointed by the US President and their nominations are confirmed by the US Senate.

Learn more: https://brainly.com/question/7582630

joe has cash in a savings account totaling $7,500, and his monthly expenses are $2,500. what is his emergency fund ratio?

Answers

Based on the information given his emergency fund ratio is 3.

Using this formula

Emergency fund ratio=Amount saved/Monthly expenses

Where:

Amount saved=$7,500

Monthly expenses=$2,500

Let plug in the formula

Emergency fund ratio=$7,500/$2,500

Emergency fund ratio=3

Inconclusion  his emergency fund ratio is 3.

Learn more here: https://brainly.com/question/1757224

A dividend _______ is the amount of the dividend expressed as a percentage of the stock's market price,

Answers

Answer:

dividend yield

The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the price/dividend ratio.

the development of team roles arises from the ______ of the team, the organization, and the team members themselves.

Answers

Answer:Expectations

Explanation:

because of the relationship between net capital outflow and net exports, the level of net capital outflow at the equilibrium real interest rate implies that the economy is experiencing

Answers

Based on the relationship between net capital outflow and net exports, it can be illustrated that the economy is experiencing a balanced trade.

A balanced trade simply means when the imports that are in the economy are equal to the exports. This can be achieved through inflation control.

From the complete information, the relationship between net capital outflow and net exports can be depicted as:

C + I + G + X - M = C + S + T

(I - S) + (G - T) = (M - X)

Assuming the balanced budget is I - S = 0, it implies that M - X = 0 and this is a condition for a balanced budget.

Read related link on:

https://brainly.com/question/25704823

Jamie Lee and Ross understand that purchasing the second home for the triplets to use during the college years is not all about saving money by avoiding paying the dorm rent. What are some of the liabilities that Jamie Lee and Ross can expect that are directly connected to owning the second home, that might make them second-guess the purchase?

Answers

Some of the liabilities that Jamie Lee and Ross may pay that make them to second guess the purchase would be loans and mortgages.

If the house is a mortgage then it would mean that the house would be a liability instead of an asset. This is going to make them to second guess on buying this house.

If these parents borrowed money in order to purchase the home it would be a liability on them because they would have to pay back the money owed.

Read more on https://brainly.com/question/15526836?referrer=searchResults

a major advantage of the corporate form of ownership is ______.

Answers

One of the main advantages of owning a company as a corporation is that  there is B) limited legal liability

Limited liability:

Is a feature of corporations Means that the personal belongings of the owners are separate from that of the business and cannot be touched if things go awry.

When there is limited liability and a company fails, creditors cannot touch the personal assets of the owners under limited liability.

In conclusion, limited liability is a major advantage of the corporate form of ownership.

Find out more at https://brainly.com/question/24711171.

Companies sometimes convert receivables to cash before they are due by selling them or using them as security for a loan. The reasons that a company may convert receivables before their due date include: (Check all that apply.)

Answers

Answer: to quickly generate cash and to reduce risk of nonpayment

Explanation:

Good Grains Bread Corp. plans to increase profits by providing custom bread baking mixes to the various countries where it sells. The company wants to match the tastes and preferences of the consumer in each of these markets. What type of strategy is Good Grains Bread Corp. using

Answers

The strategy Good Grains Bread Corp is using is localization.

Marketing localization is a marketing term that refers to the strategy in which a company focuses on a specific area and markets its product in that area (different from its origin)

One of the main characteristics of marketing localization is that companies offer products according to the tastes and preferences of buyers in those places (product customization). Likewise, companies adapt the image of their product to the language and culture of the destination.

According to the foregoing, it can be inferred that Good Grains Bread Corp is implementing localization to offer personalized products according to the preferences of its buyers in the different places where it sells its products.

Learn more in: https://brainly.com/question/13400473

Say's Law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the economy. potential GDP; value of supply total quantity of goods; price level for output natural rate of unemployment; full employment GDP value of supply; value of demand

Answers

Based on the economic theory of demand and supply, Say's Law argues that a given "value of supply" must create an equivalent "value of demand" somewhere else in the economy.

This is based on the idea that supply would deduce the size of the macro-economy, which in turn makes sense in the long run.

Jean Baptiste Say is a French economist famous for being an adherent supporter of business competition, free trade, and removing restraints on business activities.

His Say's law was famous as it tried to define the market condition. Say's law is sometimes referred to as the Law of Market.

Hence, in this case, it is concluded that the correct answer is option D. "value of supply; the value of demand."

Learn more here: https://brainly.com/question/16920124

Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated

Answers

All of the above are regulated :)

Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Manager, ABC Company? a. Dear Sir: b. To Whom It May Concern: c. Dear Mr. Patel: d. Gentlemen: Please select the best answer from the choices provided A B C D.

Answers

I believe your answer would be C. Dear Mr. Patel.

Seeing that the letter is addressed to one person whose name is known, option C. Would be the best option.

The ideal salutation for a cover letter addressed to Mr. Ravi Patel, Human Resources Manager of the ABC Company, is "Dear Mr. Patel." As a result, option (C) is the best one.

What is a cover letter?

A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, covering letter, inspiration letter, motivating letter, or letter of motivation.

As a way of presenting oneself to potential employers and outlining their suitability for the desired roles, job seekers usually send a cover letter together with their curriculum vitae or petitions for employment.

Employers may use carefully crafted and unique cover letters as one tool for weeding out candidates who are not sufficiently interested in their openings or lack the essential foundational abilities.

In order to apply for an internship, students are frequently required to submit a cover letter. Samples of extracurricular and scholastic experiences ought to be included in these cover letters.

Learn more about cover letters, from:

brainly.com/question/10626764

#SPJ5

If the price that a firm charges is lower than its_____________of production, the firm will suffer losses.

Answers

When a firm charges a price for its goods and services, if this price is less than the cost of production, they will suffer losses.

The profit that a company makes is calculated as:

= Selling price - Cost of production

If the selling price is less than the cost of production, the profit will be negative. A negative profit is the same as losses. This means that if a company charges lower than this cost of production, they will incur losses.

In conclusion, companies charge above their cost of production so as not to incur losses.

Find out more at https://brainly.com/question/15235684.

Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example of the ______ model of crowdfunding, where an entrepreneur offers a stake in the company in exchange for backing.

Answers

Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.

This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.

These rewards may be in the form of commodities, services, discounts, or adverts, etc.

There are various types of crowdfunding models. The most common types are the following:

Equity-based model;Donation or social-based model;Lending model;Reward-based model.

Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.

Learn more here: https://brainly.com/question/21940014

If an item tends to be very expensive to repair, how might that affect your decision to purchase a warranty for it? a. If an item is very expensive to repair, it is probably easier to buy a new one than to repair it, so a warranty is probably not worth it. B. The price of a warranty is based on the price of the repairs, so a warranty might not be a good idea. C. Buying an extended warranty might be a good idea so that you do not have to repair the item yourself. D. Buying a limited warranty might be a good idea because limited warranties sometimes do not deal with repairs, meaning that you will not have to handle these expensive repairs.

Answers

Since the item is very expensive to repair, C. Buying an extended warranty might be a good idea so that you do not have to repair the item yourself.

An extended warranty ensures that the responsibility for repairs rests with the seller and not the buyer.  The seller who gives the extended warranty will also be in the best position to repair the expensive item because it has developed the required in-house expertise.

Thus, an extended warranty, despite its high cost, ensures that the expensive item is repaired by the seller.

Learn more: https://brainly.com/question/23511241

Answer:

c

Explanation:

the owl’s roost started out as a roadside farm stand that sold its organic fruits, vegetables, and homemade baked goods to customers driving by. as the popularity of its products grew, it began selling to the local markets, which made it easier for customers craving an owl’s roost peach pie to buy the pie directly from the nearby market, rather than from the farm stand, which was farther away. what type of marketing channel does this situation illustrate?

Answers

Marketing channels are employed in a bid to aid the distributorship of goods to customers. The marketing channel that was employed by Owl's Roost in the above example is;

Indirect Marketing Channel with one Intermediary

Indirect marketing or indirect selling occurs when businesses employ one or more intermediaries to help out in the distribution of their goods to customers. This is what Owl's Roost applied in this case.

The local market that was employed to aid distribution is the one intermediary that Owl's Roost used to sell its organic fruits and vegetables.

Learn more here:

https://brainly.com/question/6699593

The Big Outdoors, a specialty store that sells adventure sports gear, employs one salesperson per customer. Each salesperson is trained to influence customers to purchase other items related to the products they have purchased. In this scenario, The Big Outdoors is using ______ as its marketing strategy.

Answers

Based on the information given the Big Outdoors is using suggestion selling as its marketing strategy.

Suggestion selling is a marketing strategy that enables customers or buyers to purchase other related products or goods.

Most companies or organizations makes use of suggestion selling to increase sales and to create products awareness.

The salesperson will often use this sales technique on buyers after they might have purchased a product  by suggesting more or other products to the customers that is related to the ones the customers  purchased.

Inconclusion the Big Outdoors is using suggestion selling as its marketing strategy.

Learn more about suggestion selling here:https://brainly.com/question/20313416

Answer:

B. Suggestion Selling

Explanation:

Took the Test

the new slide command on the ribbon lets you choose ________.

Answers

The New Slide command on the Ribbon lets you choose slide layouts.

Microsoft PowerPoint is a presentation program. Microsoft PowerPoint is used to create visual presentations of information using slides.

The menu Ribbon is used to accomplish several tasks in PowerPoint. It can be used to create a new slide, insert a picture or change the orientation of slides.

The New Slide command on the Ribbon lets you choose slide layouts.

Find out more at: https://brainly.com/question/12094318

If both parties to a budget negotiation seek to expand the overall budget so that each party gets more, this is an example of which kind of negotiation strategy

Answers

The kind of negotiation strategy whereby both parties to a budget negotiation seek to expand the overall budget so that each party gets more is an example of integrative negotiation.

An integrative negotiation refers to a negotiation approach whereby both party reach a joint agreement through the creation of value for each party

Here, the value created is that the overall budget will be expanded so that each party gets more.

Therefore, this type of negotiation strategy is known as integrative negotiation.

Read more about integrative negotiation:

brainly.com/question/17031537

Explain traditional, local and surplus production

Answers

Who know and who cares I’m doing this cause I have type something on this app

What term is designed to give the employee the freedom and opportunities to push the boundaries of their job description and to think about new and better ways to work?

Answers

The term initiative principle was created to give employees the freedom and opportunities to push the boundaries of their job description and think about new and better ways of working.

The initiative principle is one of the 14 administration principles that was developed by Henry Fayol and corresponds to the authorization of the expression of the collaborators' ideas.

Therefore, the principle of the initiative guarantees the possibility for the employee to contribute to the company with creative ideas that generate value, innovation, engagement and employee motivation.

Learn more here:

https://brainly.com/question/19588468

Answer:

Professional Development

On October 1, X-it Company bought a new delivery truck for $30,000. X-it plans to use the truck for 4 years, after which it will be sold for $6,000. What is depreciation expense for the year ended December 31 that year using double-declining-balance

Answers

Answer:

$3,750

Explanation:

The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:

$3,750 = ($30,000 x 2/4 x 3/12)

In Japan, uncertainty avoidance is low, so job descriptions, policy manuals, and similar work-related materials are more open-ended or general, in contrast to the detailed procedural materials developed by the Swedish. Group startsTrue or False True, unselected False, unselected

Answers

The uncertainty avoidance refers to a cross-cultural phenomenon that describes how different societies react to uncertainties.

It is true that there is strong uncertainty avoidance in Japan since they like to structure tasks so there is no doubt regarding what is to be done and how it is to be done.

It is true that there is low uncertainty avoidance in Sweden when compared to Japan because the job descriptions, policy manuals and similar work-related materials are more open-ended or general in contrast with the detailed procedural materials developed by the Japanese.

Read more about uncertainty avoidance:

brainly.com/question/23766179

Because the amount paid is linked to certain predefined behaviors or outcomes, ______ is specifically designed to energize, direct, or maintain employees' behavior.

Answers

Answer:

Umomgey

Explanation:

Based on the amound paid by the FKSA, you will be able to govern an employees relations and beahviors.

Incentive pay  is specifically designed to energize, direct, or maintain employees' behavior.

What is Incentive pay  ?

Performance-based compensation known as incentive pay pays an employee for achieving predetermined goals or objectives. This payment may be made in the form of cash, stocks, extra paid time off, gifts, etc.

Instead of paying for the amount of hours worked, incentive pay is a monetary reward for achievement. The theory is that the possibility of cash reward will encourage the employee to meet specific performance goals or financial targets.

The basic goal of incentives is to tightly link employee rewards to their accomplishments. By offering greater remuneration for superior performance, this tie is achieved. Individuals will typically work harder because their performance depends on producing more and getting more rewards.

To learn more about Incentive pay

https://brainly.com/question/29358340

#SPJ5

If you learn now how to speak effectively in public, you are more likely to be personally and financially successful in the business world. Can you imagine limiting your salary by 10 percent because you never tackled this fear

Answers

Answer: Worst- and best-case scenarios

Explanation:

Implementing the closure process includes several _______ activities, including getting delivery acceptance from the customer.

Answers

The implementation phase is simply known as the stage where a person along with one's project team actually do the project work to produce the deliverables. Implementing the closure process includes several wrap up activities, including getting delivery acceptance from the customer.

The implementation phase in any closure process entails putting the project plan into action.

The project manager often coordinate and direct project resources to align with the objectives of the project plan.

The closing phase of project management is known as the final phase of the project lifecycle.

This process makes sure that work is completed based on to the project plan and scope.

Learn more from

https://brainly.com/question/25295095

A successful __________ innovation will be less risky but less profitable than a successful __________ innovation.

Answers

incremental, radical

A U.S. Senator from Michigan is in favor of environmental regulations that forbid industries from disposing chemical wastes in rivers, despite the fact that many companies in Michigan might come under scrutiny for the violation of such regulations. This scenario illustrates the _____ taken by Congress members.

Answers

Answer:

the trustee view of representation

Explanation:

depreciation expense and amortization expense represent ______ items requiring adjustments to net income under the indirect method.

Answers

Based on the information depreciation expense and amortization expense represent non-cash items.

Non-cash items has to do with expense that does not involve paying cash.

Depreciation expense and amortization expense are non cash item as no cash payment is involve.

Although this expense may be included in a company profit or loss account or net income but they do not have effect on a company cash flow.

Non cash item like depreciation expenses and amortization expense often have effect on a company overall net income.

Inconclusion  depreciation expense and amortization expense represent non-cash items.

Learn more about non-cash item here:

https://brainly.com/question/23158497

Activities

- Pay Vendors

- Evaluate Vendors

- Inspect raw materials

- Plan for purchases of raw materials

Cost Drivers:

a) Number of different kinds of raw materials

b) Number of classes offered

c) Number of tables

d) Number of employees

What is Cost Drivers ?

A cost driver causes a change in an activity's cost. The idea is most frequently applied to allocate overhead expenses to the quantity of produced units. In order to reduce the cost of overhead, it can also be utilized in activity-based costing analysis to identify the causes of overhead. An activity-based costing system may employ a variety of cost drivers. Just one cost driver should be employed if a company just cares about adhering to the minimum accounting standards to allocate overhead to produced items. Cost drivers include things like the amount of customer interactions, engineering change orders, machine hours consumed, and product returns, as well as the number of direct labor hours performed.

To learn more about Cost Drivers with the help of given link:

https://brainly.com/question/14904453

#SPJ4

the legal contract between the bondholders and the issuer is called the bond ______.

Answers

The legal contract between the bondholders and the issuer is called the bond indenture.

A bond indenture is important as it helps to protect the interest if the stakeholders and also lowers the chance of default.

It should be noted that the indenture list provides the details of a bond. It helps in ensuring transparency. Therefore, the legal contract between the bondholders and the issuer is called the bond indenture.

Read related link on:

https://brainly.com/question/25562729

Other Questions
Solve x2 4x 1 = 0. Mc002-1. Jpg mc002-2. Jpg mc002-3. Jpg mc002-4. Jpg. Bottled water comes in cases of 24 bottles. You need 150 bottles of water for a school event. How many cases of water do you need to buy?Enter a unit that best describes the number.Number 24. unit {uh plz help with this part if u can } PLEASE HELP ME I'LL GIVE YOU BRAINLIEST Sally laughs every time the bell rings.The bell rang twice yesterday.Conclusion:Sally laughed only twice yesterday.If the assumptions are true, is the conclusion:Correct Incorrect Cannot be determined based on the information available Explain how using a credit card can be similar togetting an interest free loan a line that passes through the point (8, 2) and has the slope -5/2 The diagram represents an atom of an element keye = electron = 4n = neutron = 5p = proton = 4Which symbol gives this information? Drag each tile to the correct box. Match each act to its purpose. Homestead Act Dawes Act Morrill Land Grant Act to assimilate Native Americans into White culture as quickly as possible arrowRight to assist the government in selling off its land to ordinary citizens and to use the land in what they considered to be an economically efficient manner arrowRight to make it possible for new western states to establish colleges for their citizens. How did Roosevelt appeal to his audience in this excerpt? A. He tried to convince his audience to support the war by creating an emotional response. B. He used logic to persuade his audience with reasons that they must support the war. C. He appealed to ethics by convincing his audience of his character to get them to support the war. D. He used allusion to convince his audience that going to war was the only way to save the nation. can some one awnser this i got 2 more questions for this test. The angles of a triangle are in the ratio 2 : 3 : 4 . find the angles of the triangle . don't give unwanted ans to get the pointswell explained ans needed !! spammers and plagiarism = reported thx !! 2. Theorem 2-10 states that through a point not on a line, thereis one and only one line parallel to the given line. How does thisjustify the construction of the line through C that is parallel tothe line AB? westover ridge offers a 9 percent coupon bond with semiannual payments and a yield to maturity of 11.68 percent. the bonds mature in 16 years. what is the market price per bond if the face value is $1,000? why do scientist believe that there is a hole in the ozone layer Descripcion del cuento las medias de los flamencos help help help help pls Find the equation of the line. PLSSSS GUYS NOW FAST, This question has two parts. First, answer Part A. Then, answer Part B.Part AAdrian pays his niece $30 to babysit for 5 hours.Which expression models the change in the amount of Adrian's cash each hour that his niece babysits?Multiple choice question.A)305 B)305 C)305 D)530 Part BWhat was the change in Adrian's cash each hour?Multiple choice question.A)$150B)$6C)$3D)$25 "Plants can survive on their own, because they make their own food. Animals cant survive on their own but need plants for survival." A. Do you agree with this statement? B. Why or why not? C. Provide evidence to explain your reasoning. How does Bilbo's discovery of the ring in The Hobbit's rising action affect his fate in the climax?.