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Mademuasel [1]
2 years ago
15

Whispering Winds Company had the following two transactions related to its delivery truck. 1. Paid $250 for an oil change. 2. Pa

id $800 to install a special gear unit, which increases the operating efficiency of the truck.
Business
1 answer:
inessss [21]2 years ago
8 0

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.

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How is performance management measured in your organisation?<br> Your answer
Vlada [557]

Performance management is measured through the human resource management department of the organisation.

Explanation:

Human resource management department of the organisation exists in a sense to keep a check on and employ people for the company and see their effectiveness and how well they are for an asset for the company and if not why they have turned out to be a liability.

Performance management is also seen by the department as it makes sure that the employees are not overworked or the company is not overstaffed or understaffed and what share of work is being divided in the company

5 0
3 years ago
Which of the following is an example of the ethical issue of gift-giving in the
navik [9.2K]

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

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4 0
3 years ago
Which of the following is true of the Siemens bribery scandal? a not selected option a It stopped before the investigation began
Fiesta28 [93]

Answer:

The true statement about the Siemens bribery scandal is:

b The CEO was involved and condoned it.

Explanation:

The 2008 Siemens scandal was an organized and deliberate effort by the company to bribe government officials in order to secure supply contracts from national governments.  It was a worldwide act perpetrated by senior management officials with a long-term pattern.  The massive bribery  attracted a fine of $160 billion. It seems that bribery is an "embedded business culture in the company."

5 0
3 years ago
A portfolio consists of $15,200 in Stock M and $23,400 invested in Stock N. The expected return on these stocks is 8.90 percent
bonufazy [111]

Answer:

Portfolio return = 11.08%

Explanation:

<em>The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.</em>

The expected return can be determined as follows

Weighted of stock A= 15,200/(15200+23400)=0.39

Weight of stock B = 23.400/((15200+23400)=   0.61  

Expected return on portfolio = (0.39 ×8.90% )  + (0.61*12.50%)= 11.08 %

8 0
3 years ago
Assume you purchased 900 shares of XYZ common stock on margin at $90 per share from your broker. If the initial margin is 65%, t
tiny-mole [99]

Answer:

See below.

Explanation:

Amount Borrowed = Shares * Price * (1-Initial Margin)

900*90*(1-0.65) =81000*28350 = $28,350

Answer = $ 28,350 (D)

8 0
3 years ago
Read 2 more answers
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