per company policy tools over 1000 are capitalized

Answers

Answer 1

Based on the company policy that all tools with a purchase price greater than $1,000 are capitalized, the correct entry to record the tool purchase of $500 would be E) Debt tools expense $500, Credit cash $500.

How is a capitalization recorded?

When a good is capitalized, it means that it is recorded as an asset in the balance sheet of a company.

The fact that the tool cost only $500 means that it will not be capitalized as it is less than $1,000.

This means that it will be treated as an expense.

When expenses are incurred, they are debited to the relevant expense account which will be Tools expense in this case. The cash account is credited to show that it is reducing.

The full question is:

Per company policy, tools with a purchase price greater than $1,000 are capitalized. What's the correct entry to record a tool purchase of $500?

A) Debit fixed assets $1000, Credit cash $1,000

B) Debt fixed asset $500, Credit tools expense $500

C) Debt fixed asset $500, Credit cash $500

D) Debt tools expense $1,000, Credit cash $1,000

E) Debt tools expense $500, Credit cash $500

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Related Questions

According to the 80/20 rule, which of the following is true

Answers

The true statement about the 80/20 rule is that 80 percent of a product's sales come from 20 percent of the product's purchasers.

What is the 80/20 rule?

This is a consumer rule that is explained by Pareto principle that about 80 percent of a firm sales are represented by 20 percent of your customers and that If the firm break free from this condition, they will increase profits.

In a firm sphere, this rule is important because it helps to identify inputs that are potentially the most productive and make them the priority.

Therefore, the true statement about the 80/20 rule is that 80 percent of a product's sales come from 20 percent of the product's purchasers.

Missing options "A) 80 percent of a product's marketing cost should be equal to 20 percent of the firm's total marketing budget B) 80 percent of a product's market should be consumers who are 20 or older. C) 80 percent of a product's customers account for 20 percent of the product's marketing expenditures. D) 80 percent of a product's sales come from 20 percent of the product's purchasers. E) 20 percent of a product's customers account for 80 percent of the product's marketing expenditures."

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Describe the changes in art during the Renaissance: -Perspective: -Chiaroscuro: -Fresco:

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The changes that occurred in art during the period of the renaissance was that art was moved from the abstract form to a more representational form of creating art.

What was the renaissance period?

This is the term that is used to refer to the period that the European nation experienced a shift in the arts. This period was characterized by the fact that a lot of people had to have a rebirth in Europe.

There was the rebirth in Art, culture and literature. In this period, people where able to move into the classical period of art. Hence the changes had it that people were more into a representational form of creating art at the time.

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fnaf the fourth closet graphic novel pdf

Answers

The Fourth Closet is known to be a novel that was written by Scott Cawthon, Kira Breed-Wrisley.

What is the fourth Closet  graphic novel?

The Fourth Closet is regarded as the Graphic Novel which is made up of a graphic Five Nights at Freddy's novel and it is one that is based on the third novel that has same name, and it is said to be published on December 28, 2021.

Hence, all there is to know about it is that The Fourth Closet is known to be a novel that was written by Scott Cawthon, Kira Breed-Wrisley.

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Answer:

the fourth closet is a good novel i read the graphic version.

Explanation:

the graph above compares the age of a car to its value. which of the following is the age of the car when its value is 12500

Answers

The age of this car when its value is $12,500 is most likely between 2 and 3 years.

What is a graph?

A graph can be defined as a type of chart that's used to graphically represent data on both the horizontal and vertical lines of a Cartesian coordinate, which are the x-axis and y-axis.

By critically observing the graph attached in the image below, we can infer and logically deduce that the age of this car when its value is $12,500 is most likely between 2 and 3 years.

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Meredith, a D-SNP member, loses Medicaid eligibility. What impact does this have on her D-SNP enrollment

Answers

The impact that the  loses Medicaid eligibility have on her DSNP enrollment is that She will enter a grace period during which she is responsible for plan cost sharing, and she will be disenrolled at the end of the grace period if she does not reestablish Medicaid eligibility.

What is Medicaid eligibility?

Medicaid is a program design to provides health coverage to people of Americans especially  low-income adults.

In case, one loses Medicaid eligibility on DSNP enrollment is that one will enter a grace period .

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7. Forming a planning team removes individual accountability if problems arise during incident response.

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Forming a planning team removes individual accountability if problems arise during incident response: False.

What is incident management?

Incident management can be defined as a strategic process through which a business organization (company) identifies, analyzes, and correct hazards and potential problems, so as to ensure that normal service operation is restored as quickly as possible to its end users after a disruption, as well as to prevent a re-occurrence of these hazards in the future.

However, it is false and untrue to think or say that forming a planning team would remove individual accountability should any problem arise during an incident response.

As a matter of fact, forming a planning team doesn't absolve or obliterate individual accountability should a problem be developed during an incident response.

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The Titanic is one of the most famous passenger ships in history. Search the Internet to determine how much the Titanic weighed in metric tons. 15px

Answers

The Titanic is one of the most famous passenger ships in history. The ship was known to have weighed 52,310 tons.

What was the titanic?

This was the huge passenger ship that was famous for the fact that it sunk while at sea killing a lot of people onboard it.

It was a British ship that sunk in the year 1912. The ship was built with very high efficiency in mind. This did not save it from sinking. The adaptations of this ship and its tragic event was used to produce the movie called titanic.

The number of lives that were lost were said to be about 1500. This is inclusive of the passengers and the crew that were onboard it. The builders of the ship had made several claims that had made people feel that the ship was unsinkable.

They had said that even though the compartments were flooded, the buoyancy of the ship would remain unaffected.

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Answer:

47454.834 metric tons

Explanation:

Which of the following are managerial skills necessary for being a successful coach

Answers

The  managerial skills necessary for being a successful coach

Legal ResponsibilitiesPreparation   Time Management

This is further explained below.

What are managerial skills?

Generally, Business planning, decision-making and problem-solving are just a few examples of management capabilities.

In conclusion, The competencies in management that are essential for a career as a successful coach

A) Responsibilities Regarding Legal Matters B) Preparation C) Managing One's Time

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Which of the following is NOT something that the Fed will try to predict and monitor to estimate the effect of its actions on aggregate demand

Answers

The Fed would not want to concern itself with whether the the next Fed chairperson will be appointed by a Republican or Democratic president.

Who are the feds?

This is the term that is used to refer to the federal reserve of the United States. This is the body that is concerned with the monetary policy of the country.

The feds would not have to concern itself with who the chairperson is to be appointed by. This is because it is outside of their scope and what they do in the organization. What they are concerned with is the interest rate in the economy, inflation and all of the other factors that are concerned with the money supply of the nation.

Hence the The Fed would not want to concern itself with whether the the next Fed chairperson will be appointed by a Republican or Democratic president.

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Cellular networks that follow the GSM standard are capable of transmitting ______

Answers

Cellular networks that follow the global system for mobile communication (GSM) standard are capable of transmitting: B. voice and data at the same time.

What is GSM?

GSM is an abbreviation for global system for mobile communication and it can be defined as an open and digital cellular network technology that is designed and developed to be used for the transmission of both mobile voice and data services at the same time.

In Computer technology and networking, the global system for mobile communication (GSM) is typically designed and developed to operates at the following bands of frequencies:

850 MHz900 MHz1800 MHz1900 MHz

In conclusion, we can infer and logically deduce that all cellular networks that follow the global system for mobile communication (GSM) standard are capable of transmitting mobile voice and data at the same time.

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Complete Question:

Cellular networks that follow the GSM standard are capable of transmitting _______.

A. voice and data, but only one at a time

B. voice and data at the same time

C. voice only

D. data only

A database backup can include information on who made what changes and when since the previous database backup.

Answers

Answer:true

Explanation:

A topographical definition classifies behaviors in terms of their common effects on the environment.

Answers

It is false that A topographical definition classifies behaviors in terms of their common effects on the environment.

What is topographical definition of behaviors?

The topography of a behavior  serves as the  form of the behavior, it describes the looks of the behavior.

It should be noted that The topography of the behavior is  explains actual response emitted by the individual.

Hence,It is false that A topographical definition classifies behaviors in terms of their common effects on the environment.

It should be noted that in psychology,

any system that inolves the mapping of the mind which helps in locating the various mental processes in different regions of the mind can attributed to topographical behaviors.

The topographical behaviors can be used to study human character and how they deal with their emotional as well as the physical challenges around them, it is is a way to know more about people around us and how related with them to have a peaceful society at large.

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designing the mind: the principles of psychitecture pdf free download

Answers

The book "Principles of Psychitecture"  helps individuals scale the heights of self-mastery and lead great lives.

What is the book "Principles of Psychitecture" about?

It is a book that is entails a philosophical manifesto and practical self-development guide on the teachings of legendary thinkers like Marcus Aurelius, Lao Tzu, Friedrich Nietzsche, and Abraham Maslow.

Generally, the books gives an ideas & techniques that allows to integrate into a vital theory for helping individuals scale the heights of self-mastery and lead great lives.

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To view the hardware detected during boot time, you can use the ______________ command after system startup.

Answers

In Linux systems, you can use the dmesg command after system startup to view the hardware detected during boot time.

What is a Linux command?

A Linux command is a software program that is designed and developed to run on the command line, in order to enable an administrator of a Linux network perform both basic and advanced tasks by entering a line of text.

In Linux systems, you can use the dmesg command after system startup to view the hardware detected during boot time.

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What is the Fed's ultimate goal in undertaking monetary policy

Answers

Answer:to influence aggregate demand

Explanation:

a mans search for meaning AND terror management theory

Answers

Terror Management Theory is a social and evolutionary psychological theory proposed by Jeff Greenberg, Sheldon Solomon, and Tom Pyszczynski.

What is a terror management theory?

This is a dual-defence model explaining how people protect themselves against concerns about death.

An example of a terror management theory is a threat to self-esteem and a threat to one worldview.

Hence, the TMT is dependent on the specific manner people respond on matters concerning consciousness and unconsciousness.

Please, note that the question is incomplete, hence a general overview was given to guide you to the answer.

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How many grams of chlorine gas can be produced when 98 g of HCl react with excess O2 at STP

Answers

Answer:

didn't get the question well

How many pieces of data are represented in the histogram?

Answers

The number of data are represented in the histogram is 37. See the explanation for same below.

How do you compute the number of pieces of data form a histogram?

The Bin size is given as the difference between two consecutive lower and upper limits

Thus, the number of pieces of data are:

=2+6+5+7+8+9

=37

What is a histogram?

A diagram with rectangles whose width is equal to the class interval and whose size is related to the frequency of a variable is called a histogram.

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Which weak acid would be best to use when preparing a buffer solution with a pH of 8.70

Answers

The weak acid that would be best used when preparing a buffer solution would be An acid with Ka = 2.1 x 10-9

What is an acid?

In chemistry, an acid is used to denote any substances that has the power to turn a litmus paper red and also has a sour taste when in a water solution.

How to solve for the weak acid

The pH needed for the buffer to be made is given as 8.7

We have the following equation

pH = PkA

-logKa = 8.7

Such that Ka = 10^-87

= 2.1 x 10^-9

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thor the dark world the complete screenplay

Answers

These are some characteristics of the screenplay of Thor The Dark World written by Christopher Yost, Christopher Markus and Stephen McFeely:

Thor: The Dark World screenplay is about how Jane Foster awaits the return of Thor after two years of not seeing each other. Both of them discover something that makes Thor return to the Earth at the same time as Jane reappears (she had been previously su c ked into a wormhole).

What is Thor The Dark World and what are its characteristics?

Thor The Dark World is a film that was released in 2013. It is the sequel to Thor (first Thor movie), which was released in 2011, and also the eighth movie of the Marvel Cinematic Universe.

It was directed by Alan Taylor and the screenplay was written by  Christopher Yost, Christopher Markus and Stephen McFeely.

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Los Angeles Apparel washing instructions

Answers

handwashing or machine washing in cool water. If machine washing, use a delicate or woolen cycle.

Which of these goods may be considered rivalrous in consumption and nonexcludable

Answers

The  goods that may be considered rivalrous in consumption and nonexcludable is wilderness areas.

What are Non-excludable goods?

Non-excludable goods and excludable goods  can be regarded as been opposites.

The first one is that every single person can access a certain public good and consume it.

The second goods is one   that restrict some people from using them. Excludable goods  which are private goods, it should be noted that The  goods that may be considered rivalrous in consumption and nonexcludable is wilderness areas.

It should be noted that Nonexcludable simply implies that it is costly or impossible for one user to exclude others from using a good.

Nonrivalrous on the other hand, implies that when one person uses a good, , it can not affect others otlr exclude them from using it.

One of the common example of the non-exclusible goods is the public road, this is because everyone has access to a public road, irrespective of what they are doing on it.

The opposite of a non-excludable good is an excludable good, and these are goods that people are restricted from using.

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CHECK THE COMPLETE QUESTIONS;

Which of these goods may be considered rivalrous in consumption and nonexcludable?

a.national defense b.broadcast television reception c.fire insurance d.wilderness areas

Within the past century, humans have been eating higher cholesterol and fatty meals and have become less physically active, which makes them more susceptible to heart disease. Which of the following will lead to an adaptation

Answers

Some peoples bodies are able to break down cholesterol and fat more efficiently than others

The following musical example is sung by an alto.

Answers

The above musical example if said to be sung by an alto is known to be called false statement.

What does alto implies?

This is known to be a part of a musical or an aspect that is higher than tenor and one that is known to be lower than soprano.

People often love music as well as its elements. For one to produce a good music, a lot of elements are known to be put together to achieve it. A good sound parts includes alto, tenor, soprano and treble.

Based on the musical composition and research done on this question, the musical example was not sung by an alto and as such the above statement is known to be called false statement.

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The factors that go into a marketing program: product, price, place, and promotion, are called the mix.

Answers

The factors that are invested into a marketing program such as price, place, product, and promotion, are called the marketing mix.

What is marketing mix?

Marketing mix can be defined as the choices about product attributes, communication strategy (promotion), distribution strategy (place), and pricing strategy that a business firm offer to its targeted markets.

This ultimately implies that, a marketing mix is made up of the four (4) Ps;

ProductsPricePlacePromotions

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data analytics made accessible by dr. anil maheshwari pdf

Answers

data analytics made accessible is known to be a book that was written by Dr. Anil Maheshwari and it  centers around:

Business Intelligence Concepts and Application Data WarehousingData MiningData Visualization and others.

What is Data analytics?

This is known to be a the science that entails the act of analyzing raw data to come to a conclusions about a certain information.

Hence, data analytics made accessible is known to be a book that was written by Dr. Anil Maheshwari and it  centers around:

Business Intelligence Concepts and Application Data WarehousingData MiningData Visualization and others.

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Freud suggested that the remembered events and images in our dreams were the story line expression of our dream's

Answers

Freud suggested that the remembered events and images in our dreams were the expression of our dream's latent content.

What is the psychoanalysis theory?

The psychoanalysis theory is a scientific model proposed by Sigmund Freud in order to explain personality organization and behavioral features.

Psychoanalysis methodologies are based on this theory and intend to understand the unconscious mind, which is essential to analyzing uncensored dreams of people.

In conclusion, Freud suggested that the remembered events and images in our dreams were the expression of our dream's latent content.

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Harper is considering undergoing lasik (laser-assisted in situ keratomileusis) surgery to correct her nearsightedness. Which characteristic makes Harper a good candidate for this procedure

Answers

The characteristic that makes Harper a good candidate for LASIK is c. Her contact lens and glasses prescription has not changed in the past two years.

Why is Harper a good candidate for LASIK?

A good candidate for LASIK is one that is due to change their eye prescription/

As eye prescriptions are to be changed every 2 years, Harper would be a good candidate if she has not changed either her contact lens or prescription glasses.

Options for this question are:

a. She is not a risk-taker.

b. She has an autoimmune disease.

c. Her contact lens and glasses prescription has not changed in the past two years.

d. She is currently taking martial arts lessons.

e. She is unsure if she can afford to pay the surgery.

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Which of the following correctly describes the function of chloroplasts

Answers

Option B. The option that correctly describes the function of chloroplast would be  They use carbon dioxide, water, and light to build sugars.

What are chloroplasts?

This is the plastid that is known to be contained in plant cells. The chloroplast is the part of the plant from which photosynthesis occurs.

It is where the energy from the sun is converted and then converted as chemical energy for plants use.

Complete question

Which of the following correctly describes the function of chloroplasts?

A. They use light to build water, carbon dioxide and sugar.

B. They use carbon dioxide, water, and light to build sugars.

C. They use sugar, light, and carbon dioxide to build water.

D. None of these.

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rearrange the equation shown to calculate the concentration

Answers

When we rearrange the equation to calculate the concentration, the result obtained is:

concentration (c) = Amount (n) × 1000 / Volume (cm³)

What is molarity?

Molarity is defined as the mole of solute per unit litre of solution. Mathematically, it can be expressed as:

Molarity = mole / Volume

How to determine the equation to calculate the concentration

Amount (n) = concentration (c) × Volume (cm³) / 1000

Cross multiply

concentration (c) × Volume (cm³) = Amount (n) × 1000

Divide both sides by Volume (cm³)

concentration (c) = Amount (n) × 1000 / Volume (cm³)

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Complete question

See attached photo

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An internal control system is used to do all of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) What is an advantage for freeman xp a brand experience comapny that organizes large events such as trade shows? Chief among those who wanted to provide economic support for the freedmen after the Civil War was: Group of answer choices Abraham Lincoln. U.S. Grant. Andrew Johnson. Thaddeus Stevens. Write the empirical formula for at least four ionic compounds that could be formed from the following ions: Which stage in the product life cycle is characterized by rapid market acceptance and increasing profits? If np>5 and nq>5, estimate P (at least 10) with n=13 and p=0.5 by using the normal distribution as approximation for the binomial distribution, if np, or nq,5, then state that the normal approximation is not suitable. Sun shades are sold in the shape of right isosceles triangles. if the equation represents one shade that shields 64 square feet of area, which system can be used to find the lengths of the legs of the sun shade? PLEASE HELP ME THIS IS MY LAST DAY TO GET THIS DONE!!!!! ILL MARK BRAINLY Are principles ofadministration Descriptiveof Prescriptive of both.Explain with examples As utility companies tend to serve a whole market exclusively, they are known as ______ because the governments involved believe that the product or service would not be supplied otherwise. Select the correct answer from the drop-down menu.Read the excerpt. Then choose the correct way to complete the sentence.(9) At last he woke, and looked over towards me with unusual interest. "Hullo, Doctor," he said quite genially, "how are you this morning, eh? getting on well, I hope." It was the first time during all my illness that he had ever inquired after me.(10) I lied to him deliberately to keep the delusion up. "I have a terrible grinding pain in my chest," I said, pretending to writhe. I had sunk to his level, it seems. I was a liar and a murderer.(11) He looked quite gay over it, and laughed. "It's nothing," he said, grinning horribly. "It's a good symptom. I felt just like that myself, my dear fellow, when I was beginning to recover. . . . "(12) He sat up, took the spoon full of treacle, and poured the powder as usual into the very middle of it. I watched him take it off at a single gulp without perceiving the difference, and then I sank back exhausted upon my roll of sealskins.The author uses orders of events in this part of the story to create suspense for the reader. The reader knows that the narrator is toying with Lemarchant by lying about the pain, and the reader . The mean of one set of five numbers is 13, and the mean of a separate set of six numbers is 24. What is the mean of the set of all eleven numbers is deception with intent to benefit from the behavior. Here are two steps from the derivation of the quadratic formula (image w question below) Write the algebraic expression for: the sum of a number and 5 decreased by twice the number. What is the Move Over Law?A. You must move over one lane if you are driving slower than the flow of traffic.B. You must move over one lane for any parked emergency vehicle.C. You must move over one lane for bicyclists when there are no bike lanes. You manage the Search strategy for an athletic apparel retailer. Which customer type will likely have the highest lifetime value? Darrin volunteers at a local children's program working with children who have special needs. He really enjoys giving back even when it can be emotional challenging for him and this also fulfills his school requirement for volunteer hours. This is an example o Why is bone made up of calcium salts and not other salts, for example, iron salts? Examine the Scatterplot and Identify Characteristics of the data that are ignored by the regression line.x 10 8 13 9 11 14 6 4 12 7 5y 7.46 6.77 12.74 7.11 7.81 8.84 6.08 5.39 8.5 6.42 5.73