Granite company purchased a machine costing

Assignment Help Accounting Basics

Reference no: EM131101848

Granite Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the machine, $3,200 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.

Reference no: EM131101848

Questions Cloud

Past experience indicates the population served : Grandview clinic has a fixed cost of $2million and an average variable cost rate of $15 per visit. Its sole payer, an HMO, has proposed an annual capitation payment of $150 for each of its 20,000 members. Past experience indicates the population ..

The three types of storage units and believes : Sealing's marketing director has assessed demand for the three types of storage units and believes that the firm can sell as many units as it can produce.

How venous thrombosis is different from arterial thrombosis : Review the section "Diseases of the Veins" (pp. 585-587) in Chapter 23 of the Huether and McCance text. Identify the pathophysiology of chronic venous insufficiency and deep venous thrombosis. Consider the similarities and differences between thes..

Key dimensions of the general environment : 1. Compare and contrast the key dimensions of the general environment, the task environment and the enacted environment of an organization in organizational development in your own words not plagiarism 50 words

Granite company purchased a machine costing : Granite Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the m..

Designing a policy on international career development : What aspects should a multinational enterprise (MNE) such as Colgate Palmolive consider when designing a policy on international career development?

Write brief memo explaining the major concepts of evaluation : Write a brief memo explaining the major concepts of evaluating and validating training to the Barbara Maddock, the Director of Information Technology.

Production and double-declining balance : BagODonuts Company bought a used delivery truck on January 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000 miles). BagODonutsAc€?c accountant estimated that the truckAc€?cs residual value would be $2,400 at the end ..

Question regarding the market for product : A large company, has two choices. It can counter by announcing that it too will release a competing product. Alternatively, it can choose to cede the market for this product. As a manager, what move should the company make to portray a strong pos..

User Account

All Pages