Ness Corporation Purchased a Machine with a Cost of $100,000

question 26

Multiple Choice

Ness Corporation purchased a machine with a cost of $100,000 and paid $500 in freight charges and $1,000 to have it installed.Ness failed to take advantage of a $2,000 discount it would have received if it had paid $98,000 cash within ten days of the purchase.How much is the cost of the machine?

• A)$98,500
• B)$101,500
• C)$99,500

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Definitions:

Perception

The meaning a brain derives from a sensation.

Sensation

Detection of a stimulus.

Hair Cells

Sensory cells found in the inner ear that are responsible for converting sound vibrations into electrical signals that the brain can understand.

Proprioception

The ability to sense stimuli within the body regarding position, motion, and equilibrium, often referred to as the "sixth sense."