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dalvyx [7]
4 years ago
14

How does buying a plant asset affect general ledger accounts

Business
1 answer:
Tanzania [10]4 years ago
7 0

Answer:

A plant asset will add to assets and subtract from liabilities.

Explanation:

The general ledger holds all of the information needed to prepare financial statements and includes assets, liabilities, equity, revenue and expenses.

I hope I understood the question and that this helps.

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Gary and Anna are arguing over the best way to organize the storage area. Gary thinks everything should be organized by product
Minchanka [31]

Answer:

say they both make good points but they should decide for themselves

Explanation: When other people are involved in a dispute, it is best to take a neutral stance and not get involved

7 0
3 years ago
Read 2 more answers
X Company must replace one of its current machines with either Machine A or Machine B. The useful life of both machines is seven
Anastaziya [24]

Answer: 0 years

Explanation:

The payback period calculates the amount of time taken to recoup the initial investment made in a project or in the purchase of a machine or building. It calculates how long the cumulative cash flow generated from a project equals the cost of the project.

The payback period for both machines are zero years because the cumulative cash flow is less than the cost of the machine.

For machine A - cumulative cash flow- $-47,000 is less than -$71,000

For machine B - cumulative cash flow, -$7,000 is less than -$52,000

Explanations on how the figures were derived is found in the attached tables.

7 0
4 years ago
Windy Day Flags is a growing company that produces decorative flags and other whimsical garden accessories. Charla, owner and CE
horsena [70]

Answer:

B) grafting

Explanation:

This is a very common expansion strategy mostly used by high tech firms that purchase startups basically for their patents (innovations) and their workers' talent.

But it can also be used by any company that decides to acquire a smaller supplier or vendor in order to lower costs or increase efficiency.

5 0
3 years ago
Huish Awnings makes custom awnings for homes and businesses. The company uses an activity-based costing system for its overhead
Romashka [77]

Answer and Explanation:

The preparation of the First stage allocation of overhead costs to the activity cost pools  is presented below

Particulars                   Making awnings  Job Support      Other   Total

Production Overhead $67,500           $60,000      $22,500 $150,000

Office Expenses       $8,000           $65,000      $27,000 $100,000

The production overhead is allocated in 45% 40%, 15% and 100%

And,

The office expenses is allocated in 8%, 65%, 27% and 100%

The same is shown above

6 0
4 years ago
Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. Suppos
Hitman42 [59]

Answer:

If the museum engages in price discrimination and decides to take both "contracts" (adults and students), the profit the museum will earn is $800.

And it goes like this:

Adults: 100 x $12 = 1.200

Students: 200 x $8 = 1.600

Income: 1.200 + 1.600 = 2.800 total incomes if both contracts happens in the same day.

Profit: 2.800 (Income) - 2.000 (costs) = 800 profit

3 0
3 years ago
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