Granite company purchased a machine costing $128,000, terms 3/10, n/30. the machine was shipped fob shipping point and freight charges were $2,800. the machine requires special mounting and wiring connections costing $10,800. when installing the machine, $2,300 in damages occurred. compute the cost recorded for this machine assuming granite paid within the discount period.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year