Answer:
S/N ACCOUNT DEBIT CREDIT
1 Equipment $22,000
Cash $22,000
Being payment for new component expected to increase the
equipment’s productivity by 10% a year
2. Equipment Repairs expenses $6,250
Cash $6,250
Being payment for equipment repair
3. Equipment $14,870
Cash $14,870
Being payment for equipment repair to prolong the useful life
the asset
Explanation:
The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.
Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.
The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is expected to increase the equipment’s productivity by 10% a year.
The $6,250 paid for normal repair is a revenue items which is to be expensed against the earning of that period.
The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.
Answer:
$25,800
Explanation:
The computation of Dividend to common stockholders is shown below:-
Total dividend $28,000
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend $2,200
(4,000 × $11 × 5%)
Total dividend to preferred
stockholders $2,200
Dividend to common stockholders $25,800
($28,000 - $2,200)
Answer:
True, True
Explanation:
In terms of economic efficiency in the market for pollution. It does not matter if the government distributes the permits or auctions them off, as long as if firms can sell the permits to each other. The only difference would be that the government could make money if it auctioned the permits off, thus allowing it to reduce taxes, which would help reduce the deadweight loss from taxation in other markets. Some deadweights loss could also occur if firms use resources to lobby for additional permits.
If government chooses to distribute the permits among firms, the firms could sell the permits to each other, this allocation of permits among firms would not matter for efficiency, but affects the distribution of wealth, and those that sold their permits are better off.
If your choices are:
A) tax exemption
B) local withholding
C) state withholding
D) Social Security
Then the answer is D) Social Security. It is from the government which gives the citizens to have the right to be admitted or to give insurance for the health.
Answer: a. menu costs
Explanation:
Menu Costs of inflation are the costs associated with sellers and suppliers having to update their prices whenever they increase.
This is the cost of making new tags, updating catalogues, updating websites and anything that has to do with updating price.
It gets it's name from Restaurant menues having to be reprinted when prices rise.
Jacques is experiencing Menu Costs.