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Tanya [424]
3 years ago
13

Holiday Laboratories Laboratories purchased a high speed industrial centrifuge at a cost of $420,000. Shipping costs totaled $15

,000. Foundation work to house the centrifuge cost $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,000. The capitalized cost is:
Business
1 answer:
blsea [12.9K]3 years ago
4 0

Answer:

$455,000

Explanation:

Given that,

high speed industrial centrifuge at a cost = $420,000

Shipping costs = $15,000

Foundation work =  $8,000

additional water line = $3,000

Labor and testing costs = $6,000

Materials used up in testing = $3,000

Total Costs to be capitalized:

= High-speed industrial centrifuge + Shipping costs + Foundation Work + Additional Water Line + Labor and testing costs + Materials used in testing

=  $420,000 + $15,000 + $8,000 + $3,000 + $6,000 + $3,000

= $455,000

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Vitek1552 [10]

Answer: Employers should offer employees enough opportunity to keep each of their drives in balance.

Explanation:

The Four-Drive Theory is a way of improving Employee motivation through more ways than just financial incentives. It is believed that all four factors are very integral in the motivation of employees and so managers would do well to implement them to get the best out of their employees.

The Four drives are, <em>Acquire and Achieve</em>, <em>Bond and Belong</em>, <em>Create and Challenge</em> and <em>Define and Defend</em>.

A key recommendation by the proponents of this theory is that Managers should not give their employees too little or too much opportunity to follow each drive but rather give them enough opportunity that they keep each drive balanced with the others.

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4 years ago
On January 1 of this year, Diaz Boutique pays $105,000 to modernize its store. Improvements include new floors, ceilings, wiring
nexus9112 [7]

Answer:

Debit Asset Improvement account $105,000

Credit Cash account $105,000

Being entries to record cost of modernization of store.

Explanation:

The cost of the modernization is a cost that will be capitalized with the cost of the store as an asset. When an asset is purchased for cash, the adjusting entries required are;

Debit Fixed asset account

Credit Cash account

The modernization will be recognized in the Asset improvements account hence the debit entry will be posted there while the corresponding credit will go to cash account.

4 0
3 years ago
Read 2 more answers
Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while
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Answer: $30,000 of taxable income

Explanation:

Rianna will pay $30,000 of taxable income.

6 0
4 years ago
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t
Serjik [45]

Answer:

1) Megabus may be a terribly late mover in U.S.A. intercity bus market. There have been few firms like hound that tried and failing within the past. However, Megabus has educate from the errors of hound, the corporate, WHO marched for an insolvency within the middle 90's. Hound lost its trade because of poorly continued bus stations, high charges and insecure circumstances. But, megabus has erudite from Greyhound's faults, and strained to not repeat those errors. Therefore, Megabus has underway the bus facilities that had price minimum as $1, free Wi-Fi, control retailers, comfy seating and trendy buses.

Megabus has been ready to supply this low as a result of, the primary issue it did was to remove the acquisition windows for price ticket getting, and sold tickets on-line solely, that resulted in removing expensive station operations. Instead it born off and selected up the customers from the side-way stops like communal bus operatives. This was one amongst the largest pros and also the biggest amendment it transported forth.

Few Drawbacks besides the on top of realities are that the floating gas costs might have an effect on the portable and low tariffs might disturb the incomes if satisfactory range of customers don't take the trips.

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4 0
3 years ago
IN the economic order quantity model, if carrying costs increase while all other costs remain unchanged, the number of orders pl
kotegsom [21]

Answer:

b. decrease

Explanation:

In the EOQ model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to <u>decrease</u>.

Carrying cost is placed in denominator of the EOQ formula hence as we increase denominator the total quantity will fall. If the carrying cost is high, then we would place lesser order to reduce such costs.

Also, if carrying costs decrease while all other costs remain unchanged, the number of orders placed would be expected to decrease because there is already excess of inventory due to which the new orders have to be decreased to utilize the already pending inventory.

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