Answer:
Journal Entries
Account Dr. Cr.
1.
Repair and maintenance Expense $250
Cash $250
2.
Delivery truck $800
Cash $800
Explanation:
Property, plant and equipment are reported in the Fixed asset of the balance sheet. These assets are the depreciated. Fixed assets are initially recorded at cost.
Initially the amount capitalized includes the acquisition cost or purchase price and any direct cost incurred to make asset ready to use.
Any cost incurred to improve the efficiency of the asset will also be capitalised. In this question oil change is a routine maintenance cost needed to operate the asset. Installation of Special gear unit actually improved the efficiency of the asset as a whole. So, it is capitalised.
As in saftey hazard im assuming you mean noticing the experiment going out of the ordinary and you messed up I would go to the instructor.
Answer:
Feedback control
Explanation:
Feedback control is a procedure which Shawn is using to assess the efficiency and capability of the team. Feedback control helps to evaluate the benefits the organisation has provided to the firm compared to the cost incurred. This control procedure is utilised by the managers to determine the capabilities of the employers.
Answer:
B) a computer repair shop owner who opens a second shop across town
Explanation:
Answer:
4. Each $1.00 of assets in the firm generates $1.55 of sales revenue.
Explanation:
Given that
The asset turnover ratio is 1.55 times
Also, it could be calculated by applying the following formula
Asset turnover ratio is
= Sales ÷ Average assets
In this the comparison is made for generating the sales by considering the assets
Therefore in the given case, the last option is correct and hence the same is to be considered
