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Ede4ka [16]
3 years ago
9

Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was

necessary to teach an employee how to operate the machine. Which of the following represents the journal entry that would be necessary to record all capitalized costs related to the purchase of the machine?
Business
1 answer:
avanturin [10]3 years ago
6 0

Answer:

Explanation:

The journal entry is shown below:

Machine A/c Dr $4,500

       To Cash A/c $4,500

(Being machinery is purchased for cash)

The total amount of machinery purchased cost is shown below:

= Purchase cost of machine + training cost

= $4,000 + $500

= $4,500

Since the machine is purchased for cash so we debited the machine account and credited the cash account as cash

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Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500
irinina [24]

Answer:

c. $84,500 provided

Explanation:

Net decrease in cash = $14,500

Net cash used in investing activities = $56,500

Net cash used in financing activities = $42,500

Amount of cash was provided (used) in operating activities

= - $14,500 + $56,500 + $42,500

= $84,500

This is positive,hence provided. Th right answer is c. $84,500 provided

6 0
3 years ago
Suppose that the price of a rental car (Prc) is $50 while the price of a flight (Pfl) is $85. Also, suppose that the marginal ut
Masteriza [31]

Answer:

Consumers should choose to take the flight.

Explanation:

The price of a rental car = $50

Marginal utility from the car = 20 utils

Now find the per dollar utility from car = $50 / 20 = 2.5

The price of a flight = $85

Marginal utility from the flight = 30 utils

Now find the per dollar utility from flight = $85 / 30 = 2.83

Since the per dollar, MU is greater in the case of flight so consumers should choose to take the flight.

6 0
3 years ago
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $50
astra-53 [7]

Answer:

If sales fall by 20% AFC raises 38 cents per paper, i.e. a 25% increase in AFC.

Explanation:

To find the average fixed cost (AFC), we have to sum all fixed costs and divide it by the amount of units produced. Fixed costs are those that don't depend on how much is produced, in this case, rental and labor cost don't depend on output, as you can neither move to a cheaper place nor decrease labor obligations even if the factory had no output (newspapers printed).

AFC=\frac{\mbox{Fixed costs}}{\mbox{Printed papers}} \\\\AFC_{\mbox{original sales}} =\frac{\$1500000}{1000000 papers}=1.5\frac{\$}{paper} \\\\AFC_{\mbox{original sales}} =\frac{\$1500000}{800000 papers}=1.875 \frac{\$}{paper}

\mbox{Porcentual difference}=\frac{\mbox{difference between AFC}}{\mbox{original AFC}} \\\\\mbox{Porcentual difference}=\frac{1.875-1.50}{1.50}*100=\frac{0.375}{1.5} *100=25\%

We can see that as the output reduced, AFC rose 38 cents per paper or a 25% increase in AFC.

4 0
3 years ago
Which of the following factors determines the structure, features, and functions of an information system used in a company?
makkiz [27]

Answer:

A) the competitive strategy

Explanation:

According to my research on information technology and hardware used, I can say that based on the information provided within the question this factor being described is called the competitive strategy. This is a strategy that is a long term plan of a particular company in order to gain competitive advantage over its competitors in the industry. This includes forming the system and it's features in the best way to compete with other companies.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products ship
Marina CMI [18]

Answer: Please refer to Explanation

Explanation:

The entry for the transfer of costs from finished goods to cost of goods sold is shown as follows,

DR Cost of goods sold $375,000

CR Finished goods. $375,000

As finished goods are transfered to the Costs of Goods, the account is CREDITED as an asset being reduced is credited. The Cost of Goods being another asset is increasing, thus it will be DEBITED.

If you need any clarification do comment.

4 0
3 years ago
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