Runge Company Purchased Machinery on January 1 at a List

question 200

Multiple Choice

Runge Company purchased machinery on January 1 at a list price of $300000 with a 2% discount if payment is made within a 10-day discount period.Payment was made within the discount period.Runge paid $15000 sales tax on the machinery and paid installation charges of $5300.Prior to installation Runge paid $12000 to pour a concrete slab on which to place the machinery.What is the total cost of the new machinery?

• A)$314300.
• B)$326300.
• C)$332300.
• D)$309000.

Understand the importance of confidentiality and competitive differentiation in entrepreneurial ventures.

Identify the key financial questions and metrics relevant to startups when presenting to investors.

Recognize the importance of engaging with the audience and allowing for interaction in pitches.

Comprehend the attributes of effective public speaking and presentation skills.

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Definitions:

U.S. Sugar Producers

Companies or entities involved in the cultivation, processing, and selling of sugar within the United States.

Relaxed Trade Rules

Eased regulatory provisions governing international trade, intended to simplify the process of buying and selling goods across borders.

Euro

The official currency used by the majority of the member countries of the European Union.

EU Countries

Nations that are members of the European Union, a political and economic union of 27 European countries.