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s344n2d4d5 [400]
3 years ago
15

On January 1, 2005, Jambon purchased equipment for use in developing a new product. Jambon uses the straight-line depreciation m

ethod. The equipment could provide benefits over a 10-year period.
However, the new product development is expected to take 5 years, and the equipment can be used only for this project.

Jambon's 2005 expense equals

A. The total cost of the equipment.
B. One-fifth of the cost of the equipment.
C. One-tenth of the cost of the equipment.
D. Zero.
Business
1 answer:
notsponge [240]3 years ago
8 0

Answer:

A. The total cost of the equipment.

Explanation:

Even if Jambon has not used the equipment in 2005 because it can only be used for the product that is to be developed in five years, Jambon still had to pay for the full cost of the equipment.

Because the equipment is laying idle, it is not depreciating. Therefore, the expense that Jambon is not incurring, is the depreciation expense associated with this equipment. This depreciation expense will only be seen in five years, when the product it was bought for is finally completed.

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Answer:

C. Strategic plan

Explanation:

Strategic planning involves developing a business strategy, method of implementing the business strategy and finally evaluating the business strategy in order to see if it has achieve its goal. It is characterized by strategy formulation, implementation and evaluation. In this case, Kia is contributing to the strategic plan by allocating company's resources to meet the long term goals of the company and defining long term activities, that is, developing a business strategy.

3 0
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Refer to "Terrorism Preparedness" in your assigned readings. According to the article, identify what local, county, and state as
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Answer: As a terorrism preparedness, local, country and state assets need to be in place as an answer to counterterrorism preparedness. National infrastructure preparedness plan which outlines how government and private sector participants in the community can work together to manage risks and achieve security and resilience outcomes.

The National Infrastructure and Computer Intrusion Program also have a role in preventing terrorist act by identifying, protecting, preventing and detecting of computer intrusions. Assets include the major electrical, communications, and water facilities; transportation hubs; energy plants and other infrastructure which are instrumental in terrorism attack.

Explanation:

5 0
3 years ago
Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept.
svetoff [14.1K]

Answer:

A. True

Explanation:

This two principles i.e matching principle and the revenue recognition principle are interrelated to each other

The matching principle is that the principle in which the expenses of a particular period and the revenues incurred of a particular year should be matched.  

Whereas the revenue recognition principle stated that whenever the revenue is earned it should be recorded whether cash is received or not  

So for recording the adjusting entries, these two principles are required

6 0
3 years ago
Walmart What should you do if you cannot fit an entire case on the shelf
Fofino [41]

Answer & Explanation:

If there is no other place for it. The case must be put back together and returned to the back room to be stored. There are times where it is acceptable to return a partial case to the back. An example is if a customer asks for an item out of the box.

6 0
3 years ago
Weiland Co. shows the following information on its 2016 income statement: sales = $162,500; costs = $80,000; other expenses = $3
wel

Answer:

The 2016 operating cash flow is $56,905

Explanation:

The computation of the operating cash flow is shown below:

Operating cash flow = Sales - costs - other expenses - depreciation expenses  - taxes + depreciation expense

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The interest expense should not be considered in the computation part. Hence, ignored it

7 0
3 years ago
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