Carnival Corporation Purchased a Limousine for $185000 on June 2

question 78

Multiple Choice

Carnival Corporation purchased a limousine for $185000 on June 2 2022.Sales taxes amounted to $3500 and there was a cost of $10000 for painting the company's logo on the side.The company paid for two employees to attend a training course and get chauffers' licenses at a cost of $2500.Use the following tabular analysis to show the effect of these expenditures on Carnival's accounts assuming that all payments were made in cash.

• A)Increase Equipment $198500 increase expense $2500 and decrease Cash $201000.
• B)Increase Equipment $195000 increase expenses $5000 and decrease Cash $201000.
• C)Increase Equipment $185000 and decrease Cash $185000.
• D)Increase Equipment $188500 increase expenses $12500 and decrease Cash $201000.

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Definitions:

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work, allowing an employee to see the outcome of their efforts.

Critical Psychological State

A significant mental condition impacting an individual's perception, behavior, and well-being, often influencing their engagement and satisfaction in various aspects of life.

Job Characteristics Theory

A theory that suggests jobs can be designed to enhance employee motivation and satisfaction by incorporating specific characteristics like skill variety, task identity, and feedback.

Decoding

The process of interpreting and understanding the meaning of messages received, particularly in the context of communication.