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bazaltina [42]
3 years ago
5

Capitol Supply's sales and sales force have continued to expand. Now, the firm plans to add a fleet of company cars as part of i

ts sales compensation package. For Capitol Supply, these vehicles would represent a ____ purchase.
Business
1 answer:
jekas [21]3 years ago
6 0

Answer:

New-Task.

Explanation:

New-task purchase is that purchase made by a business of which need has not arisen before. The business didn't made decision to make purchase for this new product or purchase before. The new-task purchase decision is made by the business when a need to purchase is perceived internally or by the clients.

In the given scenario, the need to purchase 'cars as part of its sales compensation' defines the criteria of new-task purchase. In this case, Capitol's need to buy or add 'cars' into its sales compensation represents need to make 'New-task purchase.'

Therefore, the correct answer is new-task purchase.

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In 2018, its first year of operations, Kimble Corp. has a $740,000 net operating loss when the tax rate is 35%. In 2019, Kimble
ivanzaharov [21]

Answer:

Explanation:

The journal entries are shown below:

a) Deferred tax asset A/c Dr  $259,000          ($740,000 × 35%)

          To benefit due to loss carry forward $259,000      

(Being recording of the carry forward amount is done)

Benefit due to loss carry forward A/c  Dr $259,000      

        To allowance to reduce deferred tax to expected realizable value $259,000      

(Being allowance amount is recorded)

b) Income tax expense A/c Dr.  $101,500       ($290000 × 35%)

        To Deferred Tax Asset A/c $101,500  

(Being recording of current tax and deferred tax is done)

Allowance to reduce deferred tax to expected realizable value Dr $101,500  

            To benefit due to loss carry forward $101,500

(Being allowance eliminated and carry forward loss is recorded)

5 0
3 years ago
Lakeside Company's schedule of cost of good manufactured include the following for April:Cost of Goods Manufactured $69,300Direc
vichka [17]

Answer:

Work in process inventory at April 30 is $4,700

Explanation:

In this question, we apply the cost of goods manufactured formula which is shown below:

Cost of goods manufactured = Opening balance of work in progress  + total manufacturing cost - ending balance of work in progress

where,

Total manufacturing cost =  Direct material + direct labor + overhead

                                          = $27,000 + $30,000 + $8,000

                                           = $65,000

So, the ending balance work in progress equal to

=  $9,000 + $65,000 - $69,300

=  $4,700

3 0
3 years ago
Outline 4 reasons why most developing countries rely on extractive levels of production ​
Greeley [361]

Explanation:

The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.

7 0
3 years ago
16. A government constructed a bridge 20 years ago at a cost of $30 million. The replacement cost of the bridge today would be $
Contact [7]

Answer:

$20 million

Explanation:

The net of accumulated depreciation is the cost of the road minus accumulated depreciation till date.

Accumulated depreciation=yearly depreciation* 20 years

yearly depreciation=cost/useful life

cost is $30 million

useful life is 60 years

yearly depreciation=$30 million/60 years=$500,000 per yer

accumulated depreciation=$500,000*20=$10 millon

net of accumulated depreciation=$30 million-$10 million

net of accumulated depreciation=$20 million

As a result,option A is the correct answer

8 0
3 years ago
___ refer to the important factors that policy analysts will use to assess the proposed policy alternatives. They are also used
mr_godi [17]

Answer:

2. Evaluative criteria.

Explanation:

Evaluative criteria is the process by which choices are made between different alternatives on the basis of defined criteria. For example a policy analyst may decide to only select policies that allow for employee involvement in decision making of a company's processes.

Comparism are made between available alternatives and the best option that meets the criteria most closely is chosen.

Evaluative criteria is also used to analyse impact of the policy after implementation, and if the objective is not being met change of policy is considered.

4 0
3 years ago
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