Anchor Company purchased a manufacturing machine with a list price of $98,000 and received a [z(2)]% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and freight costs amounted to $4800. Anchor paid $6900 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9000 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be:
A. $96,040.
B. $116,740.
C. $100,840.
D. $107,740.
Answer: D
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Answer the following statement true (T) or false (F)
Relationship marketing refers to
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Under the Revised Article 3 of the Uniform Commercial Code, a check deposited in a depositary bank without indorsement makes the:
A. customer the holder only if the bank at the time of delivery qualified as a holder. B. bank a holder of an item delivered to it only if the customer indorses it. C. customer the holder only if the bank indorses it at the time of delivery. D. bank a holder of an item delivered to it for collection whether or not the customer indorses it.
Explain points of parity in a business market with an example
What will be an ideal response?