Dive Company purchased equipment on January 1 at a list price of ¥750,000, with credit terms 2/10, n/30. Payment was made within the discount period and Dive was given a 15,000 cash discount. Dive paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Dive paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? Select one: a. ¥830,700 b. ¥785,700 C. ¥757,500 d. ¥815,700
Dive Company purchased equipment on January 1 at a list price of ¥750,000, with credit terms 2/10, n/30. Payment was made within the discount period and Dive was given a 15,000 cash discount. Dive paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Dive paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? Select one: a. ¥830,700 b. ¥785,700 C. ¥757,500 d. ¥815,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:0:58:22
Dive Company purchased equipment on January 1 at a list price of ¥750,000, with credit
terms 2/10, n/30. Payment was made within the discount period and Dive was given a
15,000 cash discount. Dive paid ¥37,500 sales tax on the equipment, and paid
installation charges of ¥13,200. Prior to installation, Dive paid ¥30,000 to pour a
concrete slab on which to place the equipment What is the total cost of the new
equipment?
out of
question
Select one:
O a
¥830,700
b.
¥785,700
C.
¥757,500
d.
¥815,700
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