Answer:
1. Heating Equipment
2. Premises
3. Maintenance Expense
4. Prepaid Insurance
5. Intangible Asset ; Logo
6. Premises
Explanation:
1. Replacement of heating equipment is substantial hence it is capitalized to the Heating Equipment Account.
2. The project is capitalized to the Premises Account as it form part of premises.
3. Annual Building maintenance is a revenue expenditure not capitalized.
4. An Asset Insurance Prepaid for future economic benefits to be realized is recognized.
5. The new sign would result in inflow of economic benefit and is non-tangible hence Intangible Asset is recognized.
6. Work done is capitalized in the Premises Account
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of profitability pricing objectives, a relationship between the benefits provided by a certain operation or thing and the investment or effort that has been made; when it comes to financial performance; it is usually expressed in percentages.
It is (a) true that data mart is the operational database for the company.
A data mart is a basic data warehouse focused on one topic or area of business. Data mart helps the teams within the company to access the data and achieve insight faster. Company members don’t have to spend excessive time on complex data management systems or manually aggregate data from various sources. Data mart also ensures that there are no human-led errors in data collection within the company, which is common when the data is managed manually. A data mart is accurate, simple, and saves a lot of time for the organization.
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