Cost are often incurred in any business transaction. The expenditure incurred for changing the oil in the company's fleet of trucks is debited to repairs and maintenance expense
Repairs and maintenance expense is simply known as the costs incurred to bring an asset back to its formal good condition or to keep the asset operating at its present condition.
An example, When a company's truck is damaged, the cost to repair the damage is often debited to repairs and maintenance expense.
Routine maintenance is often made to engine tune-ups, oil changes, radiator flushing, etc. and they are also debited to repairs and maintenance expense.
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Answer:
a)30 days
Explanation:
For the stove to repay itself, it will have to reach the break-even point.
the costs associated with the are the cost $9000
The gains from the stove: 20 meals per night at $20.
the cost per mean is 25% of the selling price
=25/100 x 20
=0.25 x20
=$5
The profits per meal = $20 -$5 = $15
Profits for 20 meals = $15 x 20 =$300
Dairy income from the stove is $300
To recover the cost, it will take $9000/$300 days.
=30 days
C. An increase in the price of piano parts(raw materials). Makes the firm purchase less raw materials(piano parts) to manufacture less finished goods(pianos) therefore less products(pianos) will be supplied.
He should call the bank and get his bank statement. After the bank statement has arrived,he should prepare a bank reconciliation statement to match the transactions that the bank has recorded and those that he has recorded. This way he can find out which payments has been made by the bank that he has not recorded.
Answer:
Graphic Rating Scale
Explanation:
Graphic rating scale is a method used in evaluating the performance of an employee or put simply, performance appraisal of an employee. It involves listing out expected traits that the employees should posses and then rating the employees on a numbered scale for each trait. It is probably the most simplest and popular form of performance appraisal. In this case, Teknikal uses a five traits to evaluate all its employees which are assigned numbers by the manager according to the degree he/she feels the employee possesses said traits.