Granite company purchased a machine costing $136,000, terms 2/10, n/30. the machine was shipped fob shipping point and freight charges were $3,600. the machine requires special mounting and wiring connections costing $11,600. when installing the machine, $3,100 in damages occurred. compute the cost recorded for this machine assuming granite paid within the discount period.

The machine will enter as 148,480

Explanation:

We should enter the machine as the sum of all cost incurred to get the machine ready for use in behalf of the company.

Purchase cost: 136,000 x (1 - 0.02) = 133,280

shipping cost: (freigh-in)                         3,600

installation cost:                                     11,600  

Total cost:                                            148,480

The damages will be cost of the period, therefore expenses.

It weren't necessary for the installation of the machine.

answer: a. the kind of population living in your neighbourhood.

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the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.