Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...

Question

Question

Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...

Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850 each and equipment D costs $1300. We have to pay $800 on shipping. What is our profit?

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Sales = 10,500

less: equipment cost A=4516

equipment cost B =850

equipment cost C =850

equipment cost D =1300

shipping fee = 800

---------------------------------------------------

profit = $ 2184

-------------------------------------------------

Add a comment

Answer 2

Similar Homework Help Questions

An example of a sunk cost is a. maintenance costs of new equipment b. the cost...

An example of a sunk cost is a. maintenance costs of new equipment b. the cost of installation of the new equipment c. the purchase price of the old equipment d. the purchase price of new equipment being considered for purchase
A company traded an old forklift for a new forklift, receiving a $10,500 trade-in allowance and paying the remaini...

A company traded an old forklift for a new forklift, receiving a $10,500 trade-in allowance and paying the remaining $37,200 in cash. The old forklift cost $39,000 and straight-line accumulated depreciation of $27,200 had been recorded as of the exchange date under the assumption it would last five years and have a $5,000 salvage value. a. What was the book value of the old forklift on the date of the exchange? b. What amount of gain or loss (indicate which)...
1. FIFO tends to increase cost of goods sold when: A. costs are constant B. costs...

1. FIFO tends to increase cost of goods sold when: A. costs are constant B. costs are declining C. costs are increasing D. FIFO will always yield the lowest possible cost of goods sold 2. Which of the following would be included in the Inventory account on a merchandising company's balance sheet? A. shipping costs from the manufacturer to the merchandising company B. sales commissions C. delivery costs D. advertising costs 3. If ending inventory on December 31, 2016, is...

The cost of new technology added to equipment that reduces operating costs is classified as a/an...

The cost of new technology added to equipment that reduces operating costs is classified as a/an Select one: a. Betterment b. Repair c. Depreciation d. Expense
Activity-Based Costing, Distorted Product Costs Sharp Paper Inc. has three paper mills, one of which is...

Activity-Based Costing, Distorted Product Costs Sharp Paper Inc. has three paper mills, one of which is located in Memphis, Tennessee. The Memphis mill produces 300 different types of coated and uncoated specialty printing papers. Management was convinced that the value of the large variety of products more than offset the extra costs of the increased complexity. During 20X1, the Memphis mill produced 120,000 tons of coated paper and 80,000 tons of uncoated paper. Of the 200,000 tons produced, 180,000 were...
Delia Landscaping is considering a new 4-year project. The equipment necessary would cost $173,000 and be...

Delia Landscaping is considering a new 4-year project. The equipment necessary would cost $173,000 and be depreciated on a 3-year MACRS to a book value of zero. The MACRS percentages each year are 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. At the end of the project, the equipment can be sold for 10 percent of its initial cost. The project will have annual sales of $110,000, variable costs of $27,700, and fixed costs of $12,300. The project...

ABC company intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed cost for proposal A are $10,000, and for proposal...

ABC company intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed cost for proposal A are $10,000, and for proposal B, $8,000. The variable cost for A is $10.00, and for B, $7.00. The revenue generated by each unit is $20.00. You definitely will pick up a machine which will produce the larger profit. If 2000 units will be sold, what will the profit in dollars be generated assuming...
5. A sports equipment firm manufactures and sells basketballs. Last year it sold 12,000 basketballs at...

5. A sports equipment firm manufactures and sells basketballs. Last year it sold 12,000 basketballs at a price of $40 per basketball. For last year, the firm's A. explicit costs were $480,000. B. implicit costs were $480,000. C. accounting profit was $480,000. D. economic profit was $480,000. E. total revenue was $480,000. 6. Toledo Tire Company produced and sold 6,000 tires. The average cost of production per tire was $70. Each tire sold for a price of $85. Toledo Tire...
FITCO is considering the purchase of new equipment. The equipment costs $347000, and an additional $108000...

FITCO is considering the purchase of new equipment. The equipment costs $347000, and an additional $108000 is needed to install it. The equipment will be depreciated straight-line to zero over a 5-year life. The equipment will generate additional annual revenues of $271000, and it will have annual cash operating expenses of $85000. The equipment will be sold for $80000 after 5 years. An inventory investment of $75000 is required during the life of the investment. FITCO is in the 40...

FIFO tends to increase cost of goods sold when: O A. costs are declining O B....

FIFO tends to increase cost of goods sold when: O A. costs are declining O B. costs are constant O C. costs are increasing OD. FIFO will always yield the lowest possible cost of goods sold If ending inventory on December 31, 2016, is overstated, then O A. gross margin for the year ended December 31, 2016, will be understated OB. cost of goods sold for the year ended December 31, 2016, will be overstated O c. gross margin for...

Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...

Homework Answers

Add Answer to:
Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...

Post as a guest

Earn Coins

An example of a sunk cost is a. maintenance costs of new equipment b. the cost...

A company traded an old forklift for a new forklift, receiving a $10,500 trade-in allowance and paying the remaini...

1. FIFO tends to increase cost of goods sold when: A. costs are constant B. costs...

The cost of new technology added to equipment that reduces operating costs is classified as a/an...

Activity-Based Costing, Distorted Product Costs Sharp Paper Inc. has three paper mills, one of which is...

Delia Landscaping is considering a new 4-year project. The equipment necessary would cost $173,000 and be...

ABC company intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed cost for proposal A are $10,000, and for proposal...

5. A sports equipment firm manufactures and sells basketballs. Last year it sold 12,000 basketballs at...

FITCO is considering the purchase of new equipment. The equipment costs $347000, and an additional $108000...

FIFO tends to increase cost of goods sold when: O A. costs are declining O B....

Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...

Homework Answers

Add Answer to: Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...

Post as a guest

Earn Coins

Add Answer to:
Staples sold a new deal for $10,500. Equipment A costs $4,516, Equipment B&C both cost $850...