Company 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. $47,000. b. $50,000. c. $54,000. d. $55,000. e. $55,800.
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- genow.com/ilm/takeAssignment/takeAssignmentMain.do?inprogress-true stom Order ♥ e < eBook costs. Gilroy Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,200. The freight and installation costs for the equipment are $650. If purchased, annual repairs and maintenance are estimated to be $430 per year over the 4-year useful life of the equipment. Alternatively, Gilroy can lease the equipment from a domestic supplier for $1,580 per year for 4 years, with no additional Unit costs: Purchase price Freight and installation Repair and maintenance (4 years) Lease (4 years) Prepare a differential analysis dated December 11 to determine whether Gilroy should Lease Equipment (Alternative 1) or Buy Equipment (Alternative 2). Hint: This is a lease-or-buy decision, which must be analyzed from the perspective of the equipment user, as opposed to the equipment owner. If an amount is zero, enter "0". For those boxes in which you must enter…A company is going to buy a new machine for manufacturing its product. Four different machines are available. Cost, operating and other expenses are as follows. Money is worth 17% before taxes to the company. Which machine should be chosen? Machine A Machine B Machine C Machine D P 24,000 P 30,000 P 49,600 P 52,000 P 2,020 (FC) (ОСУ уear P 1,300 P 1,360 P 2,400 (LC)/year P 11,600 P 9,320 P 4,200 P 2,000 (МС) year P 2,800 1,900 1,300 700 (IT)/year P 720 P 900 P 1,488 P 1,560 Life 5 years 5 years 5 years 5 yearsThe Cookie Casa has fixed production costs of $50,000 annually. Annual depreciation expense is $50,000, with Net Income of $100,000. The sales price is $1.00 per cookie while the variable cost per cookie is $0.50. How many cookies must it sell to break-even on a financial basis? Multiple Choice 100,000 300,000 400,000 200,000 250,000
- A computer purchased for $1200 will have a salvage value of $600 after 6 years. Annual maintenance charges are estimated to be $100. At an interest rate of 10%,what is the equivalent uniform annual cost? Select one: Oa $350 Ob.$298 Oc S220 O d. $440A company is going to buy a new equipment for manufacturing itsproduct. Four different equipment’s are available; costs, operating and otherexpenses are as follows:Equipment A B C DFirst Cost Php 24,000 Php 30,000 Php 49,600 Php 52,000Power per year Php 1300 Php 1360 Php 2400 Php 2520Labor per year Php 10,600 Php 9320 Php 4200 Php 2700Maintenance/year Php 2800 Php 1900 Php1300 Php 700Taxes & Insurance 2% 2% 2% 2%Life; years 5 5 5 5 Money is worth 10% before taxes to the company. Which equipment shouldbe purchased ? Choose which method is applicable.Horner Company buys a delivery van with a list price of $3,000,000. The dealer grants a 15% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days. Irrevocable taxes amount to $40,000 and the company paid an extra $30,000 to have a special horn installed. What should be the recorded cost of the van? a. 2,539,000 b. 2,564,500 c. 2,499,000 d. 2,569,000
- Give answerEsquire comp need to acquire a molding machine to be used in its manufacturing process.2 types of machine would be appropriate. Machine A purchase for $48000. It will last 10 Yrs, require maintenance of $1000 per yr.after 10yrs the machine can be sold for $5000. Machine B purchase for $40000. It will last 10yrs and will require maintenance of $4000 in year 3, $5000 in yr 6, $6000 in yr 8. After 10 yrs the machine will have no salvage value. Assume interest rate at 8%,and maintenance cost are paid at the end of each year. Ignore income tax consideration. Use appropriate table factors. Calculate the present value of machine A and B.A company owns a 6-year-old gear hobber that has a book value of $60,000. The present market value of the hobber is $80,000. A new gear hobber can be purchased for $450,000. Using an outsider’s point of view, what is the net first cost of purchasing the new gear hobber? a. $310,000 b. $370,000 c. $390,000d. $450,000.
