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3 years ago

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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_____ refers to a set of shared assumptions, values, and behaviors that characterize the functioning of an organization.

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The answer is organizational culture.

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3 years ago

Suppose that a firm begins to hire workers for a newly completed plant with a fixed amount of machinery. As the firm hires addit

anastassius [24]

Answer: Rise initially, but eventually fall.

Explanation:

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2 years ago

Two computers each produced 43,000 public utilities bills in a day. One computer printed bills at the rate of 8,600 an hour and

saul85 [17]

Based on the rate at which the computers are printing bills, the number of bills that the second computer was still to print was 4,000 bills.

<h3>How long did the first computer take to finish?</h3>

= Number of bills / Bills per hour

= 43,000 / 8,600

= 5 hours

<h3>How many bills was the second computer left with?</h3>

This can be found by the formula:

= Number of bills to print - Bills printed in 5 hours

= Number of bills to print - ( Bills printed per hour x Number of hours)

Solving gives:

= 43,000 - (7,800 x 5)

= 4,000 bills

Find out more on calculating rates at brainly.com/question/145385.

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2 years ago

Oleander Corporation, a calendar year entity, begins business on March 1, 2019. The corporation incurs startup expenditures of $

jek_recluse [69]

Answer:

$3,556

Explanation:

Because the startup expenditure is above $50,000, the startup expenditures which are not deducted may be amortized over a period of 180 months starting from the beginning of trade.

This is calculated as the startup cost is divided by the total number of months allowed to be amortized and the answer is then multiplied by the months traded during the year. In the case provided the months in which the Oleander Corporation has been trading are 10 months starting from March-December 2019.

Amortizable amount {($64,000 / 180 months) * 10 months}

= $3,556 this is total deduction allowed as startup expenditure.

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3 years ago

Read 2 more answers

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Nikolay [14]

Answer: B

Before any actual work is begun you need to have a formal application so there’s something to be worked with.

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3 years ago