The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020.

1. Paid $5,000 of accrued taxes at time plant site was acquired. select an account title
2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. select an account title
3. Paid $850 sales taxes on new delivery truck. select an account title
4. Paid $17,500 for parking lots and driveways on new plant site. select an account title
5. Paid $250 to have company name and advertising slogan painted on new delivery truck. select an account title
6. Paid $8,000 for installation of new factory machinery. select an account title
7. Paid $900 for one-year accident insurance policy on new delivery truck. select an account title
8. Paid $75 motor vehicle license fee on the new truck.

Explain the application of the historical cost principle in determining the acquisition cost of plant assets.

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000