Expense and Revenue Expenditure
The difference between capital and revenue expenditure is a capital expenditure results in an addition to an asset account whereas a revenue expenditure results in an addition to an expense account. Capital expenditures are payments for asset alterations, additions and replacements. Revenue expenditures benefit a current period and are made to maintain assets with routine repairs or replacement of a minor part. Again capital expenditure will benefit 2 or more accounting periods through depreciation process and expenses for future accounting periods. If a capital expenditure is recorded as a revenue expenditure it will cause an understatement of net income for that year. When expensing the item, it goes into the expense side of the income statement, whereas, capitalizing an item will be processed on the balance sheet. Participate in class discussion.
Respond to weekly discussion questions. Calculate standard error of mean and make an inference about the accuracy of the mean by analyzing problem 4.164 in Statistics for Business and Economics. Resources: Table IV in Appendix B of Statistics for Business and Economics Demonstrate how to find the area under the normal curve.
Expense and Revenue Expenditure Essay Example
Determine the associated probability with z-score = 1.96. Open Table IV Under Curve areas and find .475. Find the same information by working the problem backwards, starting with the alpha (significance level). Complete the assigned problems in MyStatLab®.
Note: You will NOT have an unlimited number of attempts to answer each problem correctly.
Using the Ballard Integrated Managed Services, Inc., (BIMS) case study overview:
Revise the report submitted in Week Two based on the feedback provided by the instructor in the Learning Team assignment, and insight gained by reading.
Analyze the data included in BIMS case study Part 1 by computing descriptive statistics in the form of tables, charts, measures of central tendency, and variability.
Prepare a 1,050- to 1,750-word report of conclusions drawn from the data and make recommendations to the management.
Support recommendations by citing literature consistent with APA guidelines.