Ben's Delivery Buys a Van with a List Price of

question 73

Multiple Choice

Ben's Delivery buys a van with a list price of $ 60,000. The dealer grants a 15% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days, which Ben's did. Non-refundable sales taxes are $ 800 and Ben's paid an extra $ 600 to have a GPS device installed. What amount should Ben's record as the cost of the van?

• A) $ 51,380.
• B) $ 49,980.
• C) $ 51,290.
• D) $ 50,780.

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Definitions:

Organisation's Objectives

The specific, measurable goals that a company aims to achieve in order to fulfill its mission and vision.

Standard Costs

Predetermined costs that are established as benchmarks for measuring performance.

Performance Measurement

The process of evaluating the efficiency and effectiveness of an action or organization, often using metrics or KPIs.

Modern Measures

Contemporary and innovative metrics and indicators used to assess and analyze business performance or economic conditions.