Answer:
Are Luke some good friends
Explanation:
In my heart
Answer:
2nd January
Dr Machinery $178,000
Cr Cash $178,000
( to record the purchase of used machine)
3rd January
Dr Machinery $4,000
Cr Cash $4,000
(to capitalized the cost of wire electricity and installation to put the purchased machine in a ready-to-use stage).
Explanation:
- According to the information, all the expenses relating to the purchase of used machine are in cash. Thus, Cash is credited at the total amount of $182,000, in which $178,000 is credited in 2nd January to record the purchased price and the other $4,000 (2,840 + 1,160) is credited in 3rd January.
- Under GAAP, the recorded costs of a purchased fixed asset should included all the costs incurred which are necessary to bring the fixed asset to a ready-to-use stage. As wire electricity cost & cost for securing the machine in its position are all necessary for the machine's operation, these costs should be capitalized.
Bid bond guarantees that a construction contractor will enter into a contract.
Given that bond guarantees that a construction contractor will enter into a contract.
We are required to give the name of the bond that guarantees that a construction contractor will enter into a contract.
The name of the bond that will gurantee that a construction contractor will enter into a contract is bid bond.
A bid bond basically provides a guarantee that a winning bidder will take up the contract as per the terms at which they bid. A bid bond ensures a compensation to the bond owner if the bidder fails to begin a project. Bid bonds are basically often used in construction jobs or other projects that follow a similar bid-based selection process.
Hence bid bond guarantees that a construction contractor will enter into a contract.
Learn more about bid bond at brainly.com/question/26907335
#SPJ4
Answer:
a.21,000
Explanation:
The computation of the number of units expected to be sold in the month of May is shown below:
= Expected sales volume in units in Area X + Expected sales volume in units in Area Y + Expected sales volume in units in Area Z
= 6,000 units + 7,000 units + 8,000 units
= 21,000 units
We simply added these three sales volume in unit so that the expected number of unit sold could come
Goods and services
Hope I helped
