Answers
Answer:
the cost recorded for the equipment was: $46,600
Explanation:
Cost of a Property, Plant and Equipment item in terms of IAS 16 includes the Purchase price and any directly attributable cost of bringing the asset in the location and condition required by managers to operate.
But exclude refundable purchase taxes such as value added tax or sales tax.
Calculation of Cost of Equipment :
Purchase Price $47,000
Add Transport cost $2,900
Less Sales tax ($3,300)
Cost of Equipment $46,600
Conclusion :
Thus the cost recorded for the equipment was: $46,600
Related Questions
Work with a partner. An art collector buys two paintings. The value of each painting after t years is y dollars. Complete each table. Compare the values of the two paintings. Which painting's value has a constant growth rate? Which painting's value has an increasing growth rate? Explain your reasoning.
Answers
In general, if a painting's value increases by the same amount each year, it may have a stable growth rate, or if it increases by a bigger amount each year, it may have an increasing growth rate.
How can you compare exponential and linear functions?Review: linear growth. For both linear and exponential relationships, the y-values change in several ways when the x-values increase by a specific amount: In a linear relationship, the difference between the y-values is equal. The y-values have equal ratios in an exponential relationship.
How are the pictures created?It can be done using nearly any medium, including painting, photography, sculpture, and others. In addition to making portraits for clients, some painters also do it merely for artistic purposes.
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When Apple introduced its first portable media player, the iPod, its constant marginal cost of producing the top-of-the-line model was $200 (iSuppli), its fixed cost was approximately $736 million, and we estimate that its inverse demand function was p = 600 - 25Q, where Q is units measured in millions of iPods. Be sure to express your answers in the proper units, where needed.
Answers
Answer:
hello
Explanation:
Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred
1 January
They issue $10,000 share capital for cash
2 January
They purchase goods for $4,000 and pay by cheque
3 January
They buy delivery van for $2,000 and pay by cheque
4 January
They purchase $1,000 of goods on credit
5 January
They sell goods for $1,500 cash
6 January
They sell all remaining goods for $5,000 on credit
7 January
They pay $800 to suppliers by cheque
8 January
They pay rent of $200 by cheque
Required
1. Complete the relevant ledger accounts
2. Extract a trial balance
Answers
1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:
Cash AccountDate Account Titles Debit Credit
January 1: Common Stock $10,000
January 2: Inventory $4,000
January 3: Delivery Van $2,000
January 5: Sales Revenue $1,500
January 7: Accounts Payable $800
January 8: Rent Expense $200
Balance $4,500
Accounts ReceivableDate Account Titles Debit Credit
January 6 Sales Revenue $5,000
InventoryDate Account Titles Debit Credit
January 2 Cash $4,000
January 4 Accounts Payable 1,000
January 6 Cost of goods sold $5,000
Delivery VanDate Account Titles Debit Credit
January 3 Cash $2,000
Accounts PayableDate Account Titles Debit Credit
January 4 Inventory $1,000
January 7 Cash $800
Balance $200
Common StockDate Account Titles Debit Credit
January 1 Cash $10,000
Sales RevenueDate Account Titles Debit Credit
January 5 Cash $1,000
January 6 Accounts Receivable 5,000
Balance $6,000
Cost of goods soldDate Account Titles Debit Credit
January 6 Inventory $5,000
Rent ExpenseDate Account Titles Debit Credit
January 8 Cash $200
2. The extraction of a trial balance for Gateway Ltd is as follows:
Trial BalanceAs of January 9
Account Titles Debit Credit
Cash $4,500
Accounts Receivable 5,000
Delivery Van 2,000
Accounts Payable $200
Common Stock 10,000
Sales Revenue 6,500
Cost of goods sold 5,000
Rent Expense 200
Totals $16,700 $16,700
Data Analysis:January 1: Cash $10,000 Common Stock $10,000
January 2: Inventory $4,000 Cash $4,000
January 3: Delivery Van $2,000 Cash $2,000
January 4: Inventory $1,000 Accounts Payable $1,000
January 5: Cash $1,500 Sales Revenue $1,500
January 6: Accounts Receivable $5,000 Sales Revenue $5,000
January 7: Accounts Payable $800 Cash $800
January 8: Rent Expense $200 Cash $200
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A claim against a customer is known as
Answers
Answer:
A claim against a customer is known as an account receivable.
17. Which of the following parcels of land is
the smallest?
a. Two sections
b. Two square miles
c. 1,280 acres
d. 5% of a township
Answers
Answer:
The answer would be a. Two Sections.
Explanation:
The reason why the answer is a. is because two sections is smaller than any other of the options given.
Two sections are the smallest parcels of the land. Two sections are smaller than any other option given. The correct option is a.
What do you understand about the word land?Land, also known as dry land, ground, or earth, is the solid terrestrial surface of Earth not submerged by the ocean or another body of water. It makes up 29% of Earth's surface and includes all continents and islands.
Earth's land surface is almost entirely covered by regolith, a layer of rock, soil, and minerals that forms the outer part of the crust. Land plays important role in Earth's climate system and is involved in the carbon cycle, nitrogen cycle, and water cycle. One-third of the land is covered in trees, another third is used for agriculture, and 10% is covered in permanent snow and glaciers. Land terrain varies greatly and consists of mountains, deserts, plains, plateaus, glaciers, and other landforms. In physical geology, the land is divided into two major categories: mountain ranges and relatively flat interiors called cratons.
Both are formed over millions of years through plate tectonics.
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what is the explanation of how 3D printing gives SpaceX a competitive advantage
and
Exploration of how AI could be used to enhance SpaceX's 3D printing capabilities
Answers
3D printing offers your organization a genuinely necessary upper hand. It permits you to create models quicker, decreases the expense of creation, requires less info (HR and gear), and diminishes above.
SpaceX involves 3D printing in their designing and assembling processes, including printing parts for rocket motors, spouts, and primary parts for the Bird of Prey 9 and Hawk Weighty rockets and Mythical serpent shuttle.
The improvement of an ML framework that utilizes PC vision to screen the creation cycle and fix material dealing with shortcomings continuously. The fundamental benefits of 3D printing are diminishing expenses, less waste, decreased time, getting an upper hand, lessening mistakes, classification, and creation on request.
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Which of the following is a valid reason for instituting a dress code?
Answers
Answer:
It creates a level playing field as far as clothing, there can be no discrimination against clothing, no bullying kids with lesser clothes, and all children or teens are instantly reconizable by their particular outift.
Explanation:
Question 1: Critique the case from a leadership, internal and external communication with stakeholders, and barriers to communication point of view.
Answers
A general view from the leadership, internal and external communication with stakeholders has been provided
The leadership, internal and external communication with stakeholdersLeadership:
Efficient leadership necessitates setting a definitive vision, encouraging and motivating personnel, and making judicious decisions when required. A successful leader should succinctly verbalize the vision and objectives of the organization and guarantee that employees comprehend their positions in attaining those aims.
Internal communication with stakeholders:Interior communication with stakeholders pertains to communication within an institution with staff, superior executives, and additional internal stakeholders. Successful internal communication can facilitate aligning the visions and aspirations of the corporation and guaranteeing that everybody is progressing towards common ambitions.
External communication with stakeholders:
External communication with stakeholders alludes to communication with purchasers, vendors, financiers, and other external parties. Effective external communication can promote constructing associations with these stakeholders, embellish the standing of the establishment, and elevate customer gratification.
Barriers to communication:Certain obstructions to productive communication can affect the capability of leaders to communicate effectively with stakeholders. These impediments involve speakers barriers, cultural differences, physical detachment, and technological issues. Other hindrances consist of inadequate trust, deficient listening aptitudes, and indefinite or ephemeral messages.
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Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.
Answers
The main principles for the consolidation of financial statements are:
Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.What should we know about Consolidated Financial Statements?In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.
The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.
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How many pieces of candy?
Answers
Based on the given information, The number of candies Bev has left is 12.
In the question it is given:
No. of candy Bev has= 24
She gave 1 /3 of the candy to Jamie.
No. of candy Jamie received = 1 /3 of the total candy
= 1 /3 of 24
=1 / 3 × 24=8 candy
No. of candy she holds = total no. of candy - no of candy she gave to Jamie
=24 - 8
=16
No. of candy Selena got = 1 /4 of the remaining candy
= 1 /4 of 16
= 1 /4 ×16
= 4
Total No. of candy left = total candy - (candy Jamie got +candy Selena got)
= 24 - ( 8 + 4)
= 24 - 12
= 12
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The complete question is probably
Bev had 24 pieces of candy. She gave Jamie 1/3.
From the candy pieces remaining she then gave Selena
¼. How many pieces of candy does she have left?
Target market demographics can help you determine which ____________________ would be most effective for marketing.
A) business card fonts
B) social media platforms
C) style of flyers
Answers
Target market demographics can help you determine which social media platforms would be most effective for marketing. Thus, the correct answer is option B.
A target market is a group of people who have been selected as the most likely potential purchasers for a product based on factors such as age, income, and lifestyle.
When a company creates, packages, and advertises its product, identifying the target market is an important element of the decision-making process and helpful in marketing. Everyone who can be defined as belonging to a given age group, income level, gender, occupation, and education level is included in the target market demographics.
Therefore, the appropriate answer is option B.
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A diesel-powered tractor with a cost of $250,020 and an estimated residual value of $6,200 is expected to have a useful operating life of 73,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places. $fill in the blank 1
Answers
Answer: 365
Explanation:
plzz someone help me
Answers
Suzy earns $7. 50 per hour. She worked 32. 5 hours last week. What was the amount of her check? 40. 00 25. 00 2,437. 50 243. 75.
Answers
Answer:
243.75
Explanation:
7.5 x 32.5 multiply 7.5 by number of hours worked to get answer
A database program would probably be used to
Answers
Answer:
The application scope of the database is very wide, such as the student information management system, course selection system, as well as the telecommunications department payment system, statistical system, and online game account management, etc., can be said that the current software, especially the network application software, is to use the database
Answer:
A database program would probably be used to track purchases on a commercial website.
Explanation:
A database is the heart of a business information system and provides file creation, data entry, query and reporting functions.
As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Is there a company in a specific industry that can get by without having any customer service? If so, why and how does that make sense?
Answers
Answer:
No
Explanation:
Customer service has a great impact on every business, every company must train it's staff on how to listen to customers and attend to their needs in a polite and professional manner.
A great customer service will keep customers happy and satisfied, this will in turn make them want to come back to do more business. A satisfied customer will go extra length to recommend others to the company but unsatisfied customer that feels that his needs weren't addressed properly or his request wasn't attended to, such customer will not likely but from the company and also bad mouth the company to others and this will leave a great impact on the company growth.
In summary, no company in a specific industry would survive or get by without having customer service as this is part of what makes a company grow.
See the "Le-Nature's Inc." case for this question.
Identify the parties impacted by the quality and rigor of an organization's corporate governance. What responsibilities do corporate executives have to those parties?
Answers
The parties that are affected by the quality & rigor of an organization's corporate governance are the company's stakeholders which includes the:
group of employeesinvestorscustomerscommunity.The responsibilities that corporate executives have to those parties includes:
establishing of innovative goalscoordinate work activitiesformulate policiesallocate resourcesWhat is known as corporate governance?Basically, a corporate governance means the system by which companies are directed and controlled. In a typical firm, the boards of directors are responsible for the governance of their companies while the shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.
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briefly describe and note any errors you see in the a/p aging summary report as of march 30 2016
Answers
Your AR ageing report contains information about the credit you grant customers who make purchases from you.
What is AR ageing?Accounts receivable ageing is a recurring report that classifies a company's receivables based on how long an invoice has been unpaid. It serves as a yardstick for evaluating the stability and financial standing of a company's clientele. If an organization's receivables are being collected much more slowly than usual, this may indicate that business is slowing down or that the organisation is taking on more credit risk in its sales operations. As a management tool, accounts receivable ageing can show whether customers are developing credit concerns and whether the company should continue doing business with those who are frequently late with payments.
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Ramniwas, a book-keeper, taking out a trial balance as on 31st March 2005, found that its debit and credit columns did not agree. He proceeded to check the entries and discovered the following errors:
A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.
The total of the Bills Payable Book Rs. 5,000 had been posted to the credit of Bills Receivable Account.
Rs. 2,500 paid to Ram had been wrongly posted to Shyam.
Rs. 100 owing by a customer had been omitted from the list of debtors.
The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.
Goods worth Rs. 100 taken by the proprietor omitted to be recorded in the books.
Depreciation on furniture Rs. 100, had not been posted to Depreciation Account.
The total of Sales Book had been added Rs. 1,000 short.
Which of the above errors caused the totals of the Trial Balance to disagree and by how much did the totals differ?
Answers
Answer:
Ramniwas Bookkeeper
A. The errors that caused the totals of the Trial Balance to disagree are:
1. A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.
2. The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.
3. The total of Sales Book had been added Rs. 1,000 short.
B. The totals disagreed by:
Understated debit Rs. 900
Overstated debit (10)
Understated credit (1,000)
Totals disagreed by Rs. 110
Explanation:
a) Correction of Errors on the Trial Balance, March 31:
Account Title Debit Credit
Account receivable (Ajayi's) Rs. 900
Accounts Payable Rs. 5,000
Accounts Receivable 5,000
Shyam 2,500
Ram 2,500
Cash Discount Allowed 10
Drawings 100
Inventory 100
Depreciation Expense 100
Accumulated Depreciation 100
Sales Revenue 1,000
Totals Rs. 8,600 Rs. 8,710
b) Credit side of the Trial Balance was greater by Rs. 110 (Rs. 8,710 - Rs. 8,600).
Ngwenya (Pty) Ltd incurred the following legal expense during the 2022 year of assessment ended 28 February 2022: i) R7 000 legal costs for debt collection. ii) R22 000 legal costs relating to the drawing up of an agreement to purchase a piece of land. iii) R48 000 relating to a dispute with a client of Ngwenya (Pty) Ltd who sued the company for supplying incorrect goods. Ngwenya (Pty) Ltd's lawyers were successful in defending the company on this matter. Determine the amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees. a. R7 000 b. R55 000 c. R77 000 d. R29 000
Answers
If the company incurred legal expense during the 2022. The amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees is R29,000.
Legal expenses deductibleUsing this formula
Legal expenses deductible= Legal costs for debt collection+ Legal costs relating to the drawing up of an agreement
Let plug in the formula
Legal expenses deductible=R7 000 +R22,000
Legal expenses deductible=R29,000
Therefore the amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees is R29,000.
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This is science ฅ^•ﻌ•^ฅ
Answers
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Is the sun a star?
A. Yesᴇxᴘʟᴀᴛɪᴏɴ ɪs ᴏɴ ᴀᴛᴛᴀᴄʜᴇᴅ ᴘʜᴏᴛᴏsᴏʀʀʏ ɪᴛ ʀᴇᴀʟʟʏ sᴀɪᴅ ɪ ʜᴀᴠᴇ ʀᴜᴅᴇ ᴡᴏʀᴅs
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✍︎✰ᴍᴀᴛʜᴅᴇᴍᴏɴǫᴜᴇᴇɴ✰
✍︎☮︎ᴄᴀʀʀʏᴏɴʟᴇᴀʀɴɪɴɢ☮︎
Supervisory managers are mostly concerned with which type of planning?
Answers
Answer:
Operational
Explanation:
Supervisory managers oversee things like schedules, inventory, and employee tasks. Day to day planning. These are functions of operational planning.
Josh buys an $8000 10-year bond that has a coupon rate of 4.5 %. If he keeps the bond to maturity, how much interest will he collect?
Answers
Josh will collect $3600 in interest if he keeps the $8000 10-year bond with a 4.5% coupon rate to maturity.
To calculate the interest that Josh will collect from the 10-year bond with an $8000 face value and a coupon rate of 4.5%, we need to consider the annual interest payment and the total number of interest payments over the bond's lifespan.
The annual interest payment can be calculated by multiplying the face value of the bond ($8000) by the coupon rate (4.5%). This gives us an annual interest payment of $360 (8000 * 0.045).
Since the bond has a 10-year maturity, there will be a total of 10 interest payments over its lifespan. Therefore, the total interest Josh will collect can be calculated by multiplying the annual interest payment ($360) by the number of interest payments (10).
Total interest = Annual interest payment * Number of interest payments
Total interest = $360 * 10
Total interest = $3600
Therefore, if Josh keeps the bond to maturity, he will collect a total of $3600 in interest over the 10-year period.
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Finally, Kevin has a client who would like to invest into an account that earns 3% interest, which is compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. How much money is in the account after the tenth deposit, assuming no withdrawals or other deposits were made?
Answers
In light of the aforementioned circumstance, the account's balance (rounded to the closest dollar) following the tenth deposit is "$56,650."
The phrase "sinking fund" refers to the money set aside by individuals over a defined time period to save for a specific purpose, such as a future capital expense or the repayment of long-term debt. A sinking fund is a clever approach to save money by allocating a small sum each month toward a particular purchase. Sinking funds operate as follows: You'll put money down in one or more categories each month to be utilized later.
Herein shows the way to "$56,650."
\(S = N [ (1+r)^n - 1 ] /rwhere r = 0.030n = 10 yearsN = 5,000S = 5,000 [ (1.030)^10 -1 ]/.030= 5,000 [ 1.34 -1 ]/.030= 5,000 [ 11.33]= $56,650.\)
Accordingly, it can be said that "$56,650" is the right response in this case.
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What is the function of the evaporator?
Answers
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye
Answers
Answer:
I think it's A) Always just answer the question the customer has.
Explanation:
I know it's not D) "Never look the customer in the eye."
I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.
And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.
So that leaves answer choice A
What is liquidity risk? Select one: a. risk due to changes in interest rates b. risk due to exchange rates c. risk to technological investments d. risk due to a sudden surge in liability withdrawals
Answers
Answer:
The correct answer is D)
Risk due to a sudden surge in liability withdrawals.
Explanation:
In banking terms, this simply refers to the inability of the bank to meet with its financial responsibilities in the near term.
When a bank has excess capital tied down in the form of loans which have been collateralised, the physical assets upon the default of the loans become assets to the bank. Its liabilities to the depositors which are still in existence have to be met. If at any point in time the bank is unable to meet its liability to depositors and is also unable to quickly convert the assets, then it is said to be exposed to the risk of liquidity.
Cheers!
trace the genesis of human resource management/ planning
Answers
Note that HRM may be traced back to the early twentieth century when the notion of "people management" first emerged. At the time, the emphasis was on ensuring that firms had an adequate number of people with the requisite skills and expertise to fulfill their tasks.
What is Human Resource Management (HRM)?Human resource management (HRM) is the process of managing and developing an organization's employees. It include hiring and training personnel, administering payroll and benefits, and managing employee relations. Human resource management (HRM) is an important component of running a business because it ensures that the firm has the appropriate people with the correct abilities in the proper jobs.
Working with an HRM specialist may help you obtain top talent, enhance employee retention, elevate employee perks, deal with fewer compliance concerns, access HR remotely, and save critical time and energy.
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Rebecca Bennett is an 8-year-old who was recently diagnosed with diabetes mellitus. She is hospitalized with diabetic ketoacidosis, and she is beginning to learn about the disease process. Her parents are with her continually. She has an identical twin sister who is staying with her maternal grandparents.
Mrs. Bennett is concerned that Rebecca’s sister will also develop diabetes. Based on the preceding information, an acceptable response for the nurse to make would be to:________.
a. reassure the parents that the disease is not contagious.
b. discuss the hereditary and viral factors of type 1 diabetes.
c. discuss the hereditary factors of type 1 diabetes.
d. discuss the viral factors of type 1 diabetes.
Answers
Answer:
C
Explanation: