Answer: trade-in allowance on the old equipment, operating cost of the new equipment, operating cost of the old equipment
Explanation:
The correct option
trade-in allowance on the old equipment.operating cost of the new equipment.operating cost of the old equipmentś.What is management?The teaching or supervising of something (such as a business) Business enhanced under the management of new owners. 2: rational use of means to achieve an end is extremely cautious when it comes to money direction.It is something that executes group efforts towards the achievement of certain pre-determined goals. “Management” is the procedure of performing with and through others to actually achieve the goals of the organization, by efficiently using delimited resources in the changing world.The act or method of managing; handling, movement, or control. skill in managing; organizational ability: great management and tact. the person or individuals controlling and directing the experiences of a business, institution,To learn more about management, refer to:
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Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%.
Required:
1. Record the adjusting entry for estimated warranty costs at the end of 2021.
2. Record the summary entry for actual warranty expenditures in 2022, assuming all costs were paid in cash.
3. Record the adjusting entry for estimated warranty costs at the end of 2022.
4. What is the balance in Warranty Liability at the end of 2021 and 2022?
The Lindy Appliance will meet the requirements by recording the following journal entries:
Journal Entries:
1. December 31, 2021: Debit Warranty Expense $32,000
Credit Warranty Liability $32,000
To record the warranty costs for the year.2. 2022 Debit Summary: Warranty Liability $25,000
Credit Cash $25,000
To record the actual warranty expenditures in 2022.3. December 31, 2022: Debit Warranty Expense $36,000
Credit Warranty Liability $36,000
To record the warranty costs for the year.4. The balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000.
Data and Calculations:
Warranty period for sales = 1 year
Sales Revenue in 2021 = $1,600,000
Estimated warranty costs for 2021 = $32,000 (2% of $1,600,000)
Actual warranty costs in 2022 = $25,000
Sales Revenue in 2022 = $2,400,000
Estimated warranty costs in 2022 = $36,000 (1.5% of $2,400,000)
Analysis:
1. December 31, 2021: Warranty Expense $32,000 Warranty Liability $32,000
2. 2022 Summary: Warranty Liability $25,000 Cash $25,000
3. December 31, 2022: Warranty Expense $36,000 Warranty Liability $36,000
Thus, the balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000 ($32,000 - $25,000 + $36,000).
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What is your idea of failure?
Answer:
Personally, failure is the inability to succeed die to the lack of effort. If full effort was given and the best someone could do was done, I don't count it a failure but a growing opportunity or a lesson. However if the lack of success was die to the lack of effort or persistance, I count it a failure. I also think success taken dishonestly or unjustly is considered a failure because rather than benefitinh someone, it is a detriment to their character.
True or False: You should calculate your regular monthly pay based on your Gross Pay.
Answer:
False
Explanation:
The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.
A person should calculate his regular monthly pay based on his Gross Pay is the false statement.
What is Gross Pay?The gross pay means the amount of salary that the assesses earn before taxes and other deductions under the section of Income Tax.
A person should calculate his regular monthly pay based on his Gross Pay is the false statement because this amount is not equivalent to the amount
that the asses actually get when he is paid, as the deductions assesses receive less money assesses receives the amount of salary after the deductions.
Therefore, the above statement is false.
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A substantial one of these will keep you from going upside down on your loan, that is, owing more on your car than it is
worth:
A) finance charges
B) insurance
C) down payment
D) interest
Answer: C) Down Payment
Explanation: You should put more money down. You no longer need a 20% down payment to buy a home, but a down payment that’s too small can harm your equity.
Knowledge Matters ;0
state whether the item is an asset or a liability.)
i Motor Car
ii. Stock of goods
iii. Cash at bank
iv. Bank overdraft
v. The business owes a supplier for goods
vi. Loan
vii. Machinery
viii. Creditors
ix. Equipment
x. Money owing to bank
Answer:
v and i
Explanation:
in 2013, the u.s. imported $2,294 billion of dollars in merchandise like computers, phones, coffee machines, and so on. in the same year, the us exported $1,593 billion of dollars in merchandise like cars, computers, phones, and so on. the difference of $702 billion dollars is known as ______________.
The balance of trade between the U.S. imports of $2,294 billion and its exports of $1,593 billion is known as the trade deficit. The amount of the trade deficit is $701 billion.
Data and Calculations:
Total imports in 2013 = $2,294 billion
Total exports in 2013 = $1,593 billion
Trade deficit = $701 billion ($2,294 - $1,593)
Thus, the trade deficit arises when the U.S. imports goods of higher dollar value than its exports to other nations in 2013.
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The ______ is a measure of the rate of return an investor will earn if the investor buys the bond now and holds until maturity.
Answer:
Yield
Explanation:
YTM = Yield to Maturity
advertising expenses occupy approximately what percentage of global economic activity?
The advertising expenses occupies an approximate of one percentage of the global economic activity.
The global economic activity implies that total worldwide economic activities that took place between multiple countries.
The advertising expenses entails various advertisement cost incurred for the promotion of brand, entity, industry, product, service etc all over the globe.The advertising expenses accounts for an approximate of 2% of economic output in U.SHowever, In global scale, the advertising expenses occupies the approximate of 1% of the global economic activity.
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If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes
Answer:
200b
100m263min taxes exchangeA motor vehicle sold on credit to C. Kelly will require which of the following entries:
Debit Purchases, Credit C. Kelly
Debit motor vehicle, Credit C. Kelly
Debit C. Kelly, Credit purchases
Debit C. Kelly, Credit Motor vehicle
When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be Debit C. Kelly, Credit Motor vehicle.
When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.
The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.
In conclusion, the accounting entry for the above scenario would be Debit C. Kelly, Credit Motor vehicle.
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pancakes and waffles are:
a.complements
b.normal goods
c.substitute
d.inferior goods
Answer:
they are always compliments
Explanation:
is this based on our opinion?
who wanna tlk im boooored
Answer:
sure why not
Explanation:
Answer:
When I answer 2 of your questions double the chance to talk.
Explanation:
50 POINTS
Becky works as a cashier at a local grocery store. The pathway in the human services cluster that Becky works in is:
A. Counseling and Mental health services.
B. Family and community services.
C. Early childhood development.
D. Consumer services.
If you don't know don't answer, I don't want any wrong answers...
Answer:
Becky works as a cashier at a local grocery store. The pathway in the human services cluster that Becky works in is:
I think it's
D. Consumer services.Answer
D have a great day :)
Explanation:
100 points & brainliest.
Answer:
A
Explanation:
Answer:
the answer is the first option (A)
Explanation:
What does competetive advantage mean?
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.
Answer:
a condition or circumstance that puts a company in a favorable or superior business position.
Explanation:
Think about the life cycle (i.e., Introduction, Growth, Shakeout, Maturity and Decline) of the electric vehicle industry. What stage of the life cycle is the electric vehicle industry?
How often is USPS mail typically delivered to a business?
Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.
Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to
A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise
Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.
Who was Claire?Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.
As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.
Therefore Option(c) is correct.
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The return per unit of risk of the optimal portfolio will be ______ compared to that of any other portfolio.
The optimal portfolio is aimed at striking a balance between the return on investment and the associated risk level. Hence, the return per unit of risk is higher compared to any other portfolio.
In other to attain an equilibrium stance between risk level and the return on invested security, an optimal portfiio is employed. The portfolio seeks to ensure that investors obtain the highest return on investment while having to cope with very little risk level.Hence, the return per unit risk will be higher than any other portfolio.
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identify each political scenario as promoting neoliberal economics, or not.
The examples of neoliberal economic policies include:
The privatization of state-owned infrastructure.Free markets.Reduction of government funding for social services.Neoliberal economic policies are the policies that are used in the elimination of price controls, lowering trade barriers, deregulation of the capital markets, and making use of privatization.
Therefore, examples of neoliberal economic policies are the privatization of state-owned infrastructure, free markets, and the reduction of government funding for social services.
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which term refers to the mix of nations, economies, and cultures?
Answer:
globalization
Explanation: I just took this quiz
cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as
The purchase/sale of long-term assets and current investments are classified as Investing activities under the statement of cash flows.
Basically, a cash-flow statement is a financial statement that records the cash and cash equivalent that goes in and out of the business.
The section of the cash-flow statement is divided into:
Operating activitiesInvesting activitiesFinancing activitiesThe Investing activities entails transactions that includes purchase and sale of long-term assets and other business investment.
Therefore, the Investing activities is the answer.
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what are the effects of increasing a manager's span of control ?
Answer: Higher average span of control means fewer layers of management within the organization and a relatively flatter organizational structure.
Explanation: This can lead to, Faster decision-making due to fewer levels of approvals required for a specific decision, which allows the company to respond more quickly to business issues.
When applying the lower cost or market rule to the valuation of inventory, the allowance method is considered preferable to the direct method because
A. the allowance method reports a higher inventory net valuation for balance sheet purposes than the direct method
B. the allowance method reports the inventory loss or loss recover in a separate income statement account
C. the allowance method, unlike the direct method, reduces the value of inventory reported on the balance sheet
D. the allowance method reports smaller losses than the direct method
It should be noted that the allowances method is considered preferable because B. the allowance method reports the inventory loss or loss recover in a separate income statement account.
It should be noted that the most common approach when implementing the lower cost is to apply it to each individual item of inventory separately.
When applying the lower cost or market rule, the market value should not exceed the net realizable value. Also, the allowance method is more preferable than the direct method because it reports the inventory loss or loss recover in a separate income statement account.
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In terms of organization architecture, _____ refers to the employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation.
In terms of organization architecture, people refers to the employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation.
if a tax is imposed on a market with inelastic demand and elastic supply, then:
Answer:
Buyers will bear most of the burden of the tax
Explanation:
Hope it helps
within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new markets early, uber hoped to capitalize on
Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."
The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.
Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.
Hence, in this case, it is concluded that the correct answer is "first-mover advantage."
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In a hypothetical country, Nominal GDP has increased by 5%. Which of the
following must be true? (1 point)
Prices have increased.
Either price, economic output, or both has increased.
The quantity of economic output has decreased.
The quantity of economic output has increased.
As a result of an increase in nominal GDP, we can infer that Either price, economic output, or both has increased.
Nominal GDP can increase when:
An increase in price makes the final price of goods and services more than it was before An increase in economic output means that more goods and services are being produced that increase GDPThere is also the chance that both of these could happen at the same time. This would increase the Nominal GDP by a higher rate.
In conclusion, a rise of nominal GDP could come from either or both of those factors.
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Exhibit 13-1
Bank
Increase in Checkable Deposits
New Required Reserves
New Checkable Deposits Created by Extending New Loans
A$0
$0
$1,000
B
$1,000
(A)
(B)
C
(C)
$90
(D)
D
$810
(E)
(F)
Assume that the required reserve ratio is 10%, that there are no cash leakages, and that banks hold zero excess reserves.
Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits?
a. $100,000
b. $10,000
c. $1,000
d. $1,000,000
Answer:
1,000,000"
Explanation:
Some customers are more valuable than others if they ______ the company. a. generate less revenue for b. communicate less with c. generate more revenue for d. communicate more with
Answer
communicate more with
Explanation:
