Question
New equipment was purchased by Hunter Corp. at a list price of 914,000, with credit terms of 2/10, n/30. Payment was made within the discount
New equipment was purchased by Hunter Corp. at a list price of 914,000, with credit terms of 2/10, n/30. Payment was made within the discount period and included 9,800 sales tax in addition to the net purchase price. The company also paid delivery charges of 740 and labor costs of 1,585 for installing the new equipment at the appropriate location. During installation, an inexperienced employee punctured several containers with a forklift, causing damage to the equipment. Cost to repair the damage was 2,960. What is the total cost of Hunter's equipment?
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