Marburg Manufacturing purchased a machine on January 2, 2014. The invoice price of the machine was $40,000 and the vendor offered a 2% discount if full payment was made within ten days. The following additional costs were incurred in connection with the machine: Freight and shipping costs $1,200
Installation costs 700
Testing prior to operation 550
If Marburg pays the invoice within the discount period, what is the cost of the machine that should be recorded in the accounting records?
a. $39.200.
b. $41.650.
c. $41.100.
d. $40,400.

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.

Congressman patrick indicates that he is opposed to tax proposals that call for a flat tax rate because the structure would not tax those individuals who have the ability to pay the tax. discuss the position of the congressman, giving consideration to tax rate structures (e.g., progressive, proportional, and regressive) and the concept of equity.