All categories

3 years ago

Classify the following as either a revenue or a capital expenditure.

Business

1 answer:

Naily [24]3 years ago

4 0

Answer and Explanation:

The capital expenditure is the expenditure which is held for a capital asset i.e fixed assets for improving life, production, etc. It is a one-time expenditure

While on the other hand the revenue expenditure is the expenditure which is incurred on daily basis i.e frequently like repairs, maintenance

So based on the above, the classification is as follows

a. Capital expenditure

b. Revenue expenditure

c. Revenue expenditure

d. Capital expenditure

You might be interested in

The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant

aleksklad [387]

Answer:

A positive balance of trade

Explanation:

The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant that the prosperity of a nation should depend on a large supply of bullion (silver and gold) and a positive balance of trade. A positive balance of trade implies that exports should exceed imports. There were tariffs on imports. This discouraged importation.

Mercantilism was commonly practised in Europe within the 16th to 18th century.

I hope my answer helps you

4 0

3 years ago

Kremena's bank account earns 4.5% simple interest. How much must she deposit in the account today if she wants it to be worth $1

12345 [234]

Answer:

$1,101.32

Explanation:

Simple interest accounts balances are calculated using the following formula

A = P ( 1 + rt)

where:

A = final account balance

P = starting balance

r = interest rate (annually) percentage divided by 100

t = years

Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.

1,250 = P ( 1 + (0.045 * 3))

1,250 = P * 1.135 ... divide both sides by 1.135

1,101.32 = P

Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.

4 0

2 years ago

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Stolb23 [73]

Answer:

Matching transactions to the journal in which they would be entered:

Transactions Journal Type

1. Recognized depreciation on the building General Journal

2. Journalized the adjusting entry for supplies

used during the period General Journal

3. Closed the revenue account at the end

of the period General Journal

4. Received cash from the bank in exchange

for a note payable Cash Receipts Journal

5. Withdrew cash for personal use (by owner) Cash Payments Journal

Explanation:

Revenue journal records revenue transactions.

Cash receipts journal records all cash receipts.

Purchases journal records all purchases on account.

Cash payments journal records all cash payments.

General journal is used for all transactions, especially those that cannot be recorded in any of the other specialized journals.

3 0

2 years ago

Campbell Co. has net sales revenue of $1,320,000, cost of goods sold of $760,700, and all other expenses of $297,000. The beginn

olasank [31]

Answer:

3.46

Explanation:

Calculation for Campbell Co. fixed asset turnover ratio

First step is to find the Average net fixed assets

Using this formula

Average Fixed assets= Fixed assets Beginning balance +Fixed assets ending balance /2

Let plug in the formula

Average Fixed assets= $368,000 + $396,000/ 2

Average Fixed assets=$764,000/2

Average Fixed assets=$382,000

Second step is to calculate for the Fixed asset turnover

Using this formula

Fixed asset turnover = Net revenue ÷ Average net fixed assets

Let plug in the formula

Fixed asset turnover= $1,320,000 ÷ $382,000

Fixed asset turnover= 3.46

Therefore Campbell Co. fixed asset turnover ratio will be 3.46

7 0

3 years ago

Unicef is an intergovernmental organization (IGO) but it has independent national committees in 36 countries.

pav-90 [236]

Answer:

C. NGOs

Explanation:

NGO is the acronym for Non-governmental organization and it is mainly a non-criminal, non-profit, voluntarily inclined groups which is independent of governmental influence and policies.

They are organized on community or local, national and international levels to attend to social issues or political purposes.

Hence, the independent national committees in 36 countries that rely on private funding are NGOs.

3 0

3 years ago