Answer:
b) No, the correct entry would be a debit to Maintenance and Repairs Expense and a credit to Cash.
Explanation:
Any expense will be capitalized when it increases the capacity and efficiency of the asset. A routine repair cost is incurred in order to keep the asset operational to generate income for the business.
To record the repair cost we need to debit the Maintenance and Repairs Expense and crediting cash ( assumed cash payment is made for the repairs ). We should not capitalize this cost by debiting the asset cost account.
Answer:
True
Explanation:
A channel of distribution is a series of firms or individuals that facilitate the movement of the product from the producer to the final consumer is a true statement.
A distribution channel consists of vendors, producers, out sourcing firms, logistic providers, sales persons, retailers, and finally consumers. Different companies have different channels of distributions based on their product needs and their market demand and expansion.
A product has to go through several processes in order to reach the consumer.
Answer:
<em>Type A</em>
Explanation:
The autocratic or <u>Type A</u> style of management would be one in which the leader makes independent decisions without including workers in decision-making.
A permissive style of management, on the other hand, encourages the director to include workers in decision-making.
