Expense

account that is classified as Property. Apart from the cost of land ever other cost is charged to the depreciation expense over the useful life period of the asset. A revenue expenditure on the other hand is an amount that is used immediately. For example; routine repairs, these are revenue expenditures due to the fact that they’re charged directly to an account such as Maintenance Expense. Even if the repair doesn’t extend or improve the life of the assets it’s still a revenue expenditure. Expenditure

Cash                                                   24,000 Common Stock                                    25,000 Cost of Goods Sold                              13,000 Depreciation Expense                            4,800 Dividends                                              5,300 Equipment                                           48,000 Interest Expense                                    2,500 Patents

Midwest Office Products 1. Calculate the following a. The cost of processing cartons through the facility i. Warehouse Expense ($2,000,000) + [Personnel Expense – Delivery Driver Expense] ($2,320,000) = $4,320,000 1. $4,320,000 / 80,0000 = $54/carton Cost of entering customer orders | | Order entry expenses | | $840,000 | | hours worked per employee (16) | 1,500 | | | Total hours worked | 24,000 | | | Cost per hour worked | | $35 | | |

the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts.   Supplies ; Supplies ExpenseAnswer | | | | | Selected Answer: |    [None Given] | Correct Answer: |    $1,300;  $4,500 | Response Feedback: | $1,800 (Supplies at Jan. 1) + $4,000 (Amount purchased) - $1,300 (Supplies at Dec. 31) = $4,500 (Supplies Expense) | | | | | * Question 2 0 out of 10 points | | | Which of the following is the attribute

Capitalising a finance lease means that both assets and liabilities (current and long term ones) in the balance sheet increase. This decreases working capital, but increases equity ratio. Similar to a bond or loan, finance lease expenses are allocated between interest expense and principal value. In a statement of cash flows, part of the lease payments are reported under operating cash flow and part of

organize participants, programs, costs of equipment and merchandise etc. as well as calculate the over all expenses within the year of the program. Per those requirements, all revenues, expenses and capitalized expenditures on behalf of this men and woman track and field program, including those by outside supplies, are reported on annually. We hope to break even after calculating all our expenses. Recreation or Sport Program My program is in the Public council sector and it is organized by the government

Starbucks is one of the top contenders in the coffee industry and their income statement will provide potential investors with a strong perspective and understanding into the company’s earnings over time. According to Morningstar, Starbucks Corporation’s (SBUX) revenues have consistently grown from $10,707 million USD in 2010 to $16,448 million USD in 2014, while its competitor, Dunkin Doughnuts had a revenue of $577 million in 2010 and $749 million in 2014. These statistics definitely reveal that

Receivables, Allowance for Doubtful Accounts, Bad Debt ExpenseInventories and Reserve for Inventory Obsolescence Prepaid Insurance and Insurance Expense Machinery, Equipment, and Office Furniture Accounts Payable Taxes Payable Line of Credit Sales, Sales Returns, Net Sales – Relationship to Inventory Research & Development Administrative Wage Expense Miscellaneous Income The following refers to GA-7.5 – Selected Ratio Comparison: Days Sales in Inventory Days Sales in Accounts Receivable

Task 01 Activity A - Important Notes: According to company strategic plans, the company aims to achieve a net profit before tax of $1,000,000. The chief risks to this goal are: poor sales due to economic downturn increases in expenses such as wage expenses. In addition to Australian operations, the company is considering manufacturing overseas to take advantage of reduced costs. The company is also considering diversifying its product range to reduce exposure to poor sales of one product. Sales

resources and does not require any additional funds from outside resources for its operations. The company has a good plan to pay off its debt by applying the company’s profits to repay the long term debt, which will lower the company’s incidental expenses relating to it. b. Will we be able to maintain our gross profit margins in the predicted downturn? Yes, the company will be able to maintain its steady gross profit rate by maintaining its set budget and operating within the limits of its resources