Brighton Logistics incurred the following costs for a new delivery van: Item Purchase Price Sales Tax Cost $110,000 $6,600 Delivery Charge from Seller's Location $1,800 Special Modifications for Storage Company Logo Painted on the Van What is the cost of the delivery van? $4,500 $2,500
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- Ronson recently purchased a new boat to help ship product overseas. The following information is related to that purchase: purchase price $4,500,000 cost to bring boat to production facility $15,000 yearly insurance cost $12,000 pays annual maintenance cost of $22,000 received a 10% discount on sales price Determine the acquisition cost of the boat and record the journal entry needed.Please help me ....... see imageWhat amount should Eagle Corporation record as the cost of the new van for this general accounting question?
- i need the answer quicklyPlease provide help about this QuestionBoston Home Center (BHC) offers customers the use of a truck at $44 per trip to take purchased merchandise home. BHC reports the following information about the trucks it has for customer usage: Cost Driver Rate Cost Driver Volume Resources used Operation $ 0.55 per mile 45,400 miles Administration 25.00 per trip 1,870 trips Resources supplied Operation $ 35,000 Administration $ 62,000 Required: Compute the cost of unused operation and administration resource capacity for Boston Home Center. unused resource capacity operation administration
- solve pleaseA company established a branch to sell automobile seat covers. The company purchases these covers and stores them in a warehouse. The covers are then shipped from the warehouse to both the home office and the new branch, FOB (Free On Board) destination. Home office management is responsible for setting the transfer price of the covers charged to the branch. Per-unit costs of the covers are: $ 90.00 purchase price $ 2.50 shipping cost to warehouse $ 3.00 handling cost, including $1 allocated administrative overhead $ 3.50 shipping cost to branch, paid by home office According to the general transfer pricing formula given in the text, the minimum transfer price that home office should charge the branch is: Multiple Choice $92.50. $98.00. $93.50. $99.00. $96.00.A company incurred the following costs for a new delivery truck: Purchase price $148,000 Sales tax 9,200 Delivery charge from the seller's location 2,600 Special racks for storage 3,000 Normal repairs to the truck before it was used for the first time 1,800 Repairs after the truck has been used for 9 months 5,000 Extended warranty taken out on the truck 5,900 Signs painted on the truck 2,000 Insurance on the truck before it was used for the first time 5,500 What is the cost of the delivery truck? A. $159,800 B. $172,100 C. $183,000 D. $161,800
- Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase: Purchase price $4,100,000 Cost to bring boat to production facility $29,000 Yearly insurance cost $29,000 Annual maintenance cost of $40,000 Received 6% discount on sales price A. Determine the acquisition cost of the boat. $? B. Record the journal entry needed. If an amount box does not require an entry, leave it blank.Wildhorse Co. incurs these expenditures in purchasing a truck: cash price $24,300, accident insurance (during use) $2,500, sales taxes $1,22O, motor vehicle license $510, and painting and lettering $1,850. What is the cost of the truck? The cost of the truck %24??