Refer to the data in the previous question. In addition, EL Merchandising reports an inventory balance of $30,000 on January 1, 2010. Prepare the cost of goods sold section of a multiple-step income statement for EL Merchandising for 2010.
The capitalized cost of an asset is the sum of the original cost of the asset and the present value of maintaining the asset. Suppose a company is considering the purchase of two different machines. Machine 1 costs $10,000\$ 10,000$10,000 and ttt years from now will costM1(t)=1,000(1+0.06t)\operatorname{cost} M_1(t)=1,000(1+0.06 t)costM1(t)=1,000(1+0.06t) dollars to maintain. Machine 2 costs only $8,000\$ 8,000$8,000, but its maintenance cost at time ttt is M2(t)=1,100M_2(t)=1,100M2(t)=1,100 dollars.
a. If the cost of money is 9%9 \%9% per year compounded continuously, what is the capitalized cost of each machine? Which one should the company purchase?
b. Research various methods used by economists to make comparisons between competing assets.
Write a paragraph comparing these methods.
Sheila Spinney is an inside salesperson at Radio Shack and is paid $13.60\$13.60$13.60 per hour for straight time and time and a half for all hours over 404040 worked in a week. Find her gross earnings for a week in which she worked 525252 hours.
Which term does not belong, and why A) parochial B) picketing C) assemble D) symbolic speech?
