Yang Company Purchased Equipment on January 1 at a List

question 178

Multiple Choice

Yang 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 Yang was given a ¥15,000 cash discount. Yang paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Yang paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?

• A) ¥785,700
• B) ¥815,700
• C) ¥830,700
• D) ¥757,500

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Definitions:

African-Americans

People in the United States who have ancestry originating from the black racial groups of Africa.

Woodrow Wilson

The 28th President of the United States (1913-1921), known for leading the country during World War I and advocating for the League of Nations.

Federal Employees

Individuals who work for the government of a federal state and are part of its civil service or administration.

The Birth of a Nation

Refers to the controversial 1915 silent film directed by D.W. Griffith, or to pivotal events in the formation of a country.