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.
The correct answer that would best complete the given statement above is PSYCHOGRAPHIC SEGMENTATION. Psychographic segmentation is d<span>ividing buyers into different segments based on social class, lifestyle, or personality characteristics. In the given situation above, it classifies the characteristic of a demographic group which are the 18-year-olds. Hope this answer helps.</span>
Answer:
The profit margin here is $3
Explanation:
The profit margin is calculated by
Profit Margin = Sales - Cost of Sales
And
Cost of sales includes all the labour costs, cost of the inventory that has been sold, overhead cost absorbed in the inventory, depreciation etc.
So here we have cost of sales per unit of $5 per unit and selling price of per unit is $8.
By putting values we have:
Profit Margin = $8 per unit - $5 per unit = $3 per unit
Answer:
11%
Explanation:
MV=D1/(Ke-g)
Where MV=$60
D1=$3
Ke=?
g=r*b
r=10%
b=60% as 40% profits are paid out therefore retained profits=1-.4=.6
Now g=r*b=10%*60%=6%
MV=D1/(ke-g)
60=3/(ke-.06)
60ke-3.6=3
Ke=(3+3.6)/60
Ke=11%
Answer: 1) 2000/yr, 3000/yr, 4000/yr
2) y = ax + b
3) 7.5yrs, 6.7yrs
Explanation:
We need first to know what exactly is the rate of increase for each level of employee over time. Also a mathematical model that will allow to input the number of years the employee has been working and give back their current salary. Finally, the years of working Level 1 employee should expect to be promoted to Level 2 and after how many years of working Level 2 employee be promoted to a Level 3.
Solution:
Rate of increase( slope) = increase/number of years.
Level 1
(19000 - 15000)/2 =4000/2 = 2000/year
Level 2
(36000 - 30000)/2 = 6000/2 = 3000/year
Level 3
(58000 - 50000)/2 = 8000/2 =4000/year
Mathematical model: y = ax + b
Where y = current salary
X = number of years
a = slope
b = starting salary
Number of years of promotion:
Level 1
30000 = 2000x + 15000
X = 7.5yrs
Level 2
50000 = 3000X + 30000
X = 6.7yrs
