Mount Company Purchased a Machine at an Invoice Cost of $21,000

question 94

Multiple Choice

Mount Company purchased a machine at an invoice cost of $21,000 subject to terms of 3/10,n/30.The discount was taken.Additional costs were installation,$1200; insurance on the machine after it was in operation,$370.The total cost to be added to the machinery account is:

• A)$21,940.
• B)$21,000.
• C)$21,570.
• D)$20,740.

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Definitions:

Religion

A set of beliefs, practices, and moral values that involves the worship of a higher power or supernatural being(s).

Patriarchal

Describing a social system where men hold primary power and predominate in roles of leadership, moral authority, and control of property.

Routinization of Charisma

A concept in sociology that describes the process by which charismatic authority is institutionalized over time, transitioning into a more structured and routinized form of leadership.

Religious Inspiration

The motivation and insight gained from religious beliefs and experiences.