Answer:
S/N ACCOUNT DEBIT CREDIT
1 Equipment $22,000
Cash $22,000
Being payment for new component expected to increase the
equipment’s productivity by 10% a year
2. Equipment Repairs expenses $6,250
Cash $6,250
Being payment for equipment repair
3. Equipment $14,870
Cash $14,870
Being payment for equipment repair to prolong the useful life
the asset
Explanation:
The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.
Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.
The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is expected to increase the equipment’s productivity by 10% a year.
The $6,250 paid for normal repair is a revenue items which is to be expensed against the earning of that period.
The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.
Answer:
$13.80
Explanation:
Calculation to determine the offering price
Using this formula
Offering Price = NAV/1-load
Let plug in the formula
Offering Price = $12.70/1-0.08
Offering Price =$12.70/0.92
Offering Price = $13.80
Therefore the offering price is $13.80
From the information given, the total interest payable on the mortgage is 290, 659.84 See the calculation and analysis below.
<h3>What is the calculation on the above mortgage scenario?</h3>
We are given
Vacation Home purchase amount = $250,000
Down payment = 20% i.e. $235,000 X 20% = $50,000
Loan Amount = $250,000 - $50,000
Rate = 7%
Period = 22 years = 22 x 12 = 264 monthly installment
Monthly installment = $1,858.56 (See attached spread sheet).
Recall that Total interest paid
= Monthly Installment X N - Principle loan amount
Hence,
1,858.56 x 264 - 200,000
= 490,659.84 - 200,000
Total interest paid = 290, 659.84
Learn more about interest on mortgage at;
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The team dysfunction that is addressed by SAFe with the help of business owners is the lack of accountability.
<h3>What is the loss of accountability?</h3>
This can be defined as the scenario that occurs where people fail to take responsibilities for their lack of actions.
This may impede the growth of a team. Therefore it is very necessary that this is addressed to avoid issues.
Read more on accountability here:
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Answer:
The remaining part of the question is:
A) clan culture.
B) goal-driven agenda.
C) adhocracy culture.
D) market culture.
E) focused approach.
Correct Answer:
D) <u>market culture.
</u>
<u></u>
Explanation:
His suggestion of his research and development team to develop innovative products for the emerging changes in markets for his customers shows that, Jacuzzi Warehouse has a market culture.
