A grinder was obtained that could easily be adjusted for different levels of grind. The grinder was obtained from Seattle Washington for $50,000 USD. The purchase order was submitted August 31, 2015 and the terms of payment were 50% upon order, and 50% upon shipment from supplier. days to set up, test and commission into full use. It was shipped November 30, 2015 and took 2 weeks to arrive, and 3 days to set up, test and commission into full use. Calculate the final price for the grinder? Explain in detail ,please.

A grinder was obtained that could easily be adjusted for different levels of grind. The grinder was obtained from Seattle Washington for $50,000 USD. The purchase order was submitted August 31, 2015 and the terms of payment were 50% upon order, and 50% upon shipment from supplier. days to set up, test and commission into full use. It was shipped November 30, 2015 and took 2 weeks to arrive, and 3 days to set up, test and commission into full use. Calculate the final price for the grinder? Explain in detail ,please.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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