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Lady bird [3.3K]
3 years ago
6

Listed below are certain costs or discounts incurred in the purchase or construction of new plant assets.1. Indicate whether the

costs should be expensed or capitalized.2. For costs that should be included in plant assets, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet.1. Charges incured to train employees to use new equipment.2. Invoice cost to purchase new equipment3. Deduction for an earl payment discount taken on the puchase of new equipment.4. Real estate commissions incurred on land purchased for a new plant.5. Property taxes on land incurred after it was purchased6. Costs of tune-up for the truck used to deliver new equipment7. Costs to lay foundation for a new building8. Insurance on a new building during the construction phase.

Business
1 answer:
TEA [102]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in a the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha
Zepler [3.9K]

Answer:

a. The initial change in the money supply would be $0

b. The initial change in deposits would be $3,000.

c. Total reserves will also increase by $3,000.

d. The excess reserves is $2,820.

e. Cumulative change = $47,009

Explanation:

(a)  Currency in circulation and bank deposits are both parts of the money supply.

So, when a man paid DMV with 300,000 pennies or $3,000 which DMV deposited into its account then in that case currency in circulation decreased by $3,000 and bank deposits increase by $3,000.

Since one component of the money supply is increasing while other is decreasing and that also by the same amount there will be no change in the money supply.

So,  the initial change in the money supply would be $0

(b)  DMV has deposited $3,000 into its bank account.

So,

Deposits will increase by $3,000.

Thus,

The initial change in deposits would be $3,000.

(c) Total reserves increases in the equal amount of the increase in deposits.

Deposits have increased by $3,000.

So,

Total reserves will also increase by $3,000.

Thus,

The initial change in total reserves would be $3,000.

(d)  New deposit created = $3,000

Reserve requirement = 6 percent

Required reserves created = $3,000 * 0.06 = $180

Excess reserves = New deposit - Required reserves = $3,000 - $180 = $2,820

The excess reserves is $2,820.

(e)  Reserve requirement = 6% or 0.06

Money multiplier = 1/Reserve requirement = 1/0.06 = 16.67

Calculate the cumulative change in the banking system in lending capacity -

Cumulative change = Excess reserves * Money multiplier

Cumulative change = $2,820 * 16.67 = $47,009

The cumulative change in the banking system in lending capacity would be $47,009.

5 0
3 years ago
You are considering investing in a GM bond with 7 years to maturity. The face value of the bond is $1,000. The coupon rate is 6%
Lapatulllka [165]

Answer:

Price of bond is = $ 1057

Explanation:

As we know that;

Price of bond = C * [1-(1+r)∧-n] / r  +   F / (1+r)∧n

where C = periodic coupon payment = 1000 * 6%= 60

         F = Face value of bond = 1000

        r = yield to maturity = 5% = 0.05

        n = number of periods till maturity = 7 years

         Putting values;

              = 60 * [ 1- (1+ 0.05)∧-7 ]/ 0.05  +  1000 / (1+0.05)∧7

              = 60 * (0.2893 / 0.05) +   710

             =  60 * 5.786 +  710

              =  347.16 +710

              =  1057

6 0
3 years ago
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll
Murrr4er [49]

Answer:

Net Sales                         $2720

Explanation:

Hancock Corporation

    Jan 6:   Sales                      $ 1500

Add Jan 6    Sales                      $ 850

Less Jan 14   Sales Discount     $ 30 ( 2% of $ 1500)

<u>Add Feb 28:   Sales                   $ 400</u>

<u>Net Sales                                  $2720 </u>

Only a 2% discount is given on the cash received on Jan 14  on the sales made on JAn 6 to S. Green  because the cash is received within the first ten days of sales made. The cash received on Feb 2 is not given the sales discount as it is received after ten days of the sales made. That is sales were done on Jan 6 to M. Munoz.  with the terms 2/10, n/30 meaning discount will be given within the first ten days . But as the payment was on Feb 2 almost 17 days later the discount is not given.

The term 2/10 n/30 means a two percent discount will be given if sales were  paid within the first ten days. So a discount is given to S. Green but not M. Munoz as payment is done after 10 days.

6 0
3 years ago
You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local librar
Paraphin [41]

Answer:

The chosen option (considering enrollment costs and opportunity cost) is:

b) College course.

Explanation:

a) Data and Calculations:

Costs/Benefits

                           College Course          Community Course

Cost                              $2,600                         $1,390

Opportunity costs         -2,080                          2,080

Net costs                         $520                        $3,470

Distance to course      0.40 miles                    16 miles

                                  (walking distance)      (driving distance)

Timing of course          Weekday                     Weekend

Number of meetings    16                                 8

b) With the College course option, you will earn $2,080 ($260 * 8) weekdays to offset part of the enrollment cost.  With the Community course option, $2,080 will be lost in opportunity cost, thereby increasing the total costs incurred.  These costs are apart from the driving costs associated with traveling 16 miles to the Community Course at the local library.

5 0
3 years ago
Public policy toward monopolies Suppose that there is only one provider of a service in a state. Because this provider experienc
Leto [7]

Answer: d. Regulate the firm's pricing behavior.

Explanation:

One way the government can regulate monopolies is to protect the interests of the consumers who are usually the end users. The government have the market power to set prices higher than normal in a competitive market. Thjs can be achieved by Price capping or limiting price increases. As this helps Regulate the firm's pricing behavior.

3 0
3 years ago
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