VC Purchased a Machine for Use in Operations at a Quoted

question 124

Multiple Choice

VC purchased a machine for use in operations at a quoted price of $35,120. Full payment was cash of $8,000, plus a two-year non-interest-bearing note for $27,121. The market rate of interest for this note is 8 percent. VC should record the cost of the machine as (rounded to the nearest dollar) :

• A) $23,250.
• B) $31,250.
• C) $32,950.
• D) $35,120.

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Definitions:

Supportive Cultures

Workplace environments that prioritize employee well-being and facilitate interpersonal connection and support.

Groupthink

A psychological phenomenon in which people in a cohesive group go along with the group consensus rather than offering their own opinions.

Subcultures

Groups within a larger culture that have their own distinct values, norms, and behaviors, often based on interests, occupations, or demographics.

Dominant Culture

Set of core values shared by the majority of organizational employees.