Illustration 2 A construction company purchased an excavating machine and incurred the
following expenses:
invoice price Nu. 1,000,000
transportation cost Nu. 12,000
installation costs Nu. 9,000
repair cost prior to use Nu.35, 000
import duties Nu. 15,000
The vendor offered 5% cash discount on invoice price for 30 days credit term. The
company also paid 10% sales tax.
Required:
Calculate the cost of acquisition of the item of property, plant and equipment
which must be recognized in the company's accounting system.​

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution.a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent