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ASHA 777 [7]
3 years ago
11

The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020.

Business
1 answer:
Nina [5.8K]3 years ago
8 0

Answer:

1) Tax Payable

2) Property Plant and Equipment Asset

3) Motor Vehicle Asset

4) Property Plant and Equipment Asset

5) Advertising and Promotion Expense

6) Property Plant and Equipment Asset

7) Insurance Prepaid Asset

8) Motor Vehicle Asset

The Historical Cost of  Plant Asset consists of Actual Purchase price and all Incidental Cost required to bring the asset to the point of use  .

Explanation:

1) Already Accrued

2) The insurance is required to bring in the machinery

3) Sales taxes on Fixed assets are capitalised

4) The improvement is necessary in material

5) Advertising Expense not necessary for the functioning of the delivery truck

6) Fixed Asset Purchase

7) Insurance Prepayment not necessary for the functioning of the delivery truck

8) The expense is necessary for the functioning of the delivery truck

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VARVARA [1.3K]
The answer is B. Franchising

Licensing also use a similiar Model. But The Difference is When you do a Franchising , The company that own the trademark will give as support to aid the franchise. They also make sure that each branches do not cannibalized each others' profit.

In a Licensing model, the company who own the trademark won't give you any support whatsoever.
6 0
3 years ago
Category Billions of Dollars Consumption 200 Depreciation 20 Retained earnings 12 Gross investment 30 Imports 50 Exports 40 Net
vagabundo [1.1K]

Answer:

GDP =  280 billion

Net investment = 10 billion

National income = 270 billion

Explanation:

given data

Consumption = 200

Depreciation = 20

Retained earnings = 12

Gross investment = 30

Imports = 50

Exports = 40

Net foreign factor income = 10

Government purchases = 60

solution

we get here GDP that is express as

GDP = Consumption + Gross investment + Government purchases + Net exports     ...................1

Net exports  = ( Exports - Imports)

so put here value

GDP = 200 + 30 + 60 + 40 - 50

GDP =  280 billion

and

Net investment will be as

Net investment = Gross investment - Depreciation    ...............2

Net investment = 30 -20

Net investment = 10 billion

and

National income = GDP - Depreciation + Net foreign factor income    ............3

National income = 280 - 20 + 10  

National income = 270 billion

7 0
3 years ago
The set of activities required to first identify a​ need, assign a supplier to meet that​ need, approve the specification or​ sc
timama [110]

Answer:

B. ​procure-to-pay cycle.

Explanation:

Procure to pay  -

It is the method of purchasing , requisitioning , accounting or paying for any services or goods .

It is the set of activities , which are needed firstly , to detect the need , to assign the supplier , approve it , acknowledge the receipt and at last payment to the supplier .

Hence , the correct term for the given statement is  B. ​procure-to-pay cycle .

6 0
3 years ago
The gross domestic product is _____.
hram777 [196]
GDP is a Gross Domestic Product it including exports minus imports. 

Hope it helped
3 0
3 years ago
Read 2 more answers
In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,500 cash for consulting services
Alinara [238K]

Answer:

See the explanation

Explanation:

See the image below:

4 0
3 years ago
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