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AleksandrR [38]
3 years ago
6

Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was re

placed at a cost of $210,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $790,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $16,500. 4. All of the equipment on the assembly line in the plant was rearranged at a cost of $44,000. The re-arrangement clearly increases the productive capacity of the plant.Required: Prepare journal entries to record each of the above expenditures.
Business
1 answer:
suter [353]3 years ago
8 0

Answer:

S/N    Journal Entries                                           Debit         Credit

1         Accumulated depreciation-Building      $210,000

                 Cash                                                                     $210,000

2        Building                                                    $790,000

                 Cash                                                                     $790,000

3        Maintenance expense                            $16,500

                 Cash                                                                      $16,500

4        Equipment                                               $44,000

                 Cash                                                                      $44,000

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The staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called
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The question is incomplete:

The staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called:

a. Ethnocentric staffing policy

b. Polycentric staffing policy

c. Geocentric staffing policy

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Answer:

Geocentric

Explanation:

-Ethnocentric staffing policy is when a business that has global operations seeks the people for key positions from the home country.

-Polycentric staffing policy is when a company seeks employees in the home country for positions in the headquarters and people from other places for the other offices abroad.

-Geocentric staffing policy is when a company seeks the best person for each position without considering the nationality or culture.

According to this, the answer is that the staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called geocentric staffing policy because the company only focuses on the person that best fits the position without considering the nationality.

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3 years ago
Which of the following is an essential part of being an entrepreneur?
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B. Taking risks.

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The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of July of the current year und
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Answer:

                                     Bal. June 30   Receipts    Disbursements    Bal. July 31

Balance per Bank            355,001          835,846       684,747             506,100

Deposit in Transit

June 30                              86,899         -86,899

July 31                                                       51,240                                     51,240

Outstanding Checks

June 30                               42,690                               -42,690              

July 31                                                                               73,340             73,340

Unrecorded Receipts                              -150,000                                 -150,000  

Unrecorded Disbursement                                            -150,000          -150,000

Balance per Books          399,210         650,187          565,397           484,000

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What conditions must be met for a company to include a transaction in reported revenue for a given period?
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Conditions to be met by a company to recognize a transaction in revenue for a given period are:

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