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3241004551 [841]
2 years ago
6

Indicate whether or not each expenditure would be included in the cost of acquisition for each item below. The answer box provid

es two options, Yes (if the expenditure would be included ) or No, (if the expenditure would not be included.) Group of answer choices Cost testing materials and labor in testing a purchased machine before use Yes Compensation for injury to construction worker [ Choose ] Cost of overhaul to a used machine purchased before initial use [ Choose ] Cost of tearing down a building on newly acquired land [ Choose ] Repairs to a new machine damaged while moving it into place for use.
Business
1 answer:
sineoko [7]2 years ago
3 0

Answer:

Cost testing materials and labor in testing a purchased machine before use

Answer: Yes

Reason: The cost of materials and labor used in testing a machine can be capitalized.

Compensation for injury to construction worker

Answer: No

Reason: Compensation for injury to construction worker is not a capitalized expense.

Cost of overhaul to a used machine purchased before initial use

Answer: Yes

Reason: Cost of overhaul is a Capital expense because it was required to bring the machine to usable condition.

Cost of tearing down a building on newly acquired land

Answer: Yes

Reason: Cost of Tearing down a building is considered as capital cost for Land and should be added to the Land account.

Repairs to a new machine damaged while moving it into place for use

Answer: No

Reason: Repair costs are generally not capitalized.

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When GE appointed Jeff Immelt--a white male and long-time GE executive--to succeed Jack Welch--also a white male--as their new C
geniusboy [140]

Answer:

Stability

Explanation:

When a company wants to make a transition in leadership there are various strategies being such change depending on business needs.

For example a company may want a strategic change, an ambiguous change, an innovative change, or a stable change.

In the given scenario GE appointed Jeff Immelt a white male and long-time GE executive to succeed Jack Welch also a white male as their new CEO.

There is no change in the profile of the new leader, and the fact that he is a long-time GE executive shows they want to maintain the same traditions as before.

So this is a stable strategy

3 0
3 years ago
List four decision making techniques
Elenna [48]
Command – decisions are made with no involvement.
Consult – invite input from others.
Vote – discuss options and then call for a vote.
Consensus – talk until everyone agrees to one decision
3 0
3 years ago
Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units
4vir4ik [10]

Answer:

The COGS for the June 1st sale is $17 per unit, and the COGS for the August 27th sale is $20 per unit.

Explanation:

<u>Date</u>       <u>Number of units</u>     <u>Unit balance</u>      <u>Unit cost</u>      <u>Average cost</u>

May 7                40                      40                      $17                $17

June 1               (20)                     20                                           $17

July 28              30                      50                     $22               $20

August 27        (30)                     20                                           $20

The average COGS after the purchase on July 28 = [(20 x $17) + (30 x $22)] / 50 = ($340 + $660) / 50 = $20

           

6 0
3 years ago
McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's
anzhelika [568]

Answer:

D. $1,800 Decrease

Explanation:

                                       book value      Fair value       adjustment

01 Jan                             10,000               8,000             2,000

Depreciation                  -1000                 -800                  -200

31 Dec                             9,000                7,200              1,800 Decrease  

5 0
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How should sales promotion decisions be made?
jekas [21]

Answer:

By how they work and how they are in their field

6 0
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