Anchor company purchased a manufacturing machine with a list price of $160,000 and received a 2% cash discount on the purchase. the machine was delivered under terms fob shipping point, and freight costs amounted to $2,400. anchor paid $3,000 to have the machine installed and tested. insurance costs to protect the asset from fire and theft amounted to $3,600 for the first year of operations. based on this information, the amount of cost recorded in the asset account would be:

$162,200

Explanation:

The computation of the cost recorded in the asset account is shown below:

= List price - cash discount + freight cost + installation charges

= $160,000 - $3,200 + $2,400 + $3,000

= $162,200

The cash discount is computed below:

= List price × cash discount percentage

= $160,000 × 2%

= $3,200

All other information which is given is not relevant. Hence, ignored it

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.