Answer: B. Capitalized in the machine account
Explanation:
To capitalized an equipment or asset in this case a machine, is to put the equipment on the balance sheet of expensing. When a piece of equipment is bought for $500 , rather than to report it as a $500 expense immediately, it will be listed in the balance sheet as a $500 asset.
The machine in this case the machine increased it production capacity by 25% without expanding its useful life, the cost of improvement is " capitalized in the machine account ".
Answer:
Units Produced in the month of March: 10,810 Units
Explanation:
Production for the month of march can be estimated using the following formula:
Productions units for the month of March = Projected Sales for the month + 10% of the following months's sales as ending inventory - Opening Inventory
Units Produced for the month Units
Projected Sales for the month 10,500
Add: 10% of the following month's sales as ending inventory 1,360
(13,600 x 10%)
Less: Opening inventory (1,050)
Units produced for the month of March 10,810
The adjusting entry would recognise insurance expense of $1,500.
Explanation:
The policy of an insurance company, tax insurance, insurance for business failure, etc. typically lasts a year, with payments charged in full (insurance premiums). Insurance policy is never the same as the financial year of the product. There are also expected to be several consolidated financial statements and some partial financial statements for compensation premiums.
Example of insurance premium payment:
On 31 December, the insurer files an correction report in order to document the expired (extended) cost of insurance and to the the pre-paid number. This is done with an premium fee of $1,000 and a prepayment policy bonus of $1,000.
Answer:
The answer is "Anna's broker"
Explanation:
The delegated monitoring would be a financial intermediary as it borrows from small investors and uses uncontrolled liabilities (deposits) (whose loans it monitors).
In opposition to individuals that monitor the buyer independently, it relates to delegating the job of watching with such a bank and therefore satisfies the description of delegated monitor from Anna broker parties.
Answer: $151,250
Explanation:
Equity = Assets - Liabilities
Beginning Liabilities = Assets - Equity
= 163,000 - 122,250
= $40,750
Assets increased by $80,000 = 163,000 + 80,000 = $243,000
Liabilities increased by $51,000 = 40,750 + 51,000 = $91,750
Equity = 243,000 - 91,750
= $151,250