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lianna [129]
2 years ago
9

is a seller's obligation to replace or fix a product (or service) that fails to perform as expected within a specified period.

Business
1 answer:
fgiga [73]2 years ago
8 0

Seller's obligation to replace or correct a product (or service) that fails to perform as expected within a specified period. To conform with the matching principle, the seller reports the expected warranty expense in the period when revenue from the sale is reported.

<h3>What are sales?</h3>
  • Sales are actions involving the sale of goods or the volume of items sold during a specified time frame.
  • A sale also includes the provision of a service for a fee.
  • In response to an acquisition, appropriation, request, or a direct connection with the customer at the point of sale, the seller or provider of the products or services completes a sale.
  • Title (property or ownership) of the object is transferred, and a price is settled, meaning a price is agreed upon for which the ownership of the item will transfer.
<h3>Why are sales important?</h3>
  • A sale is a transaction in which two or more people trade goods, services, or other assets for cash.
  • Sales often occur when a seller and a buyer exchange items or assets for money or other assets.

Learn more about sales here:

brainly.com/question/15375944

#SPJ4

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IgorC [24]
E marketplace can take two different formats, which are Independent trading communities and private exchange.
Usually, the transaction in independent trading communities will be easily visible by others while private exchange tend to be more secretive

hope this helps
4 0
3 years ago
Rapid Response Security Firm, a company that provides on-site security services for malls and other retail environments, needs t
Arisa [49]

Answer:

False

Explanation:

It is false to conclude that on crucial issues such as this, it is more important to gather information through the informal organization, as opposed to the formal organization because f<u>ormal organizations are designed to achieve crucial goals through the collective work of the individuals who are its members. They rely on a division of labor and hierarchy of power and authority to ensure that the work is done in a unified and efficient manner. while the primary function of informal organizations is basically to maintain cultural values and the provision of social satisfaction for its members.</u>

7 0
3 years ago
In 2020, Lindon Corp. reported a discontinued operations loss of $1,300,000, net of tax. It declared and paid preferred stock di
8_murik_8 [283]

Answer:

The earnings per share would drop by -$2.17 per share

Explanation:

Firstly the EPS =LOSS/TOTAL SHAREHOLDING

In this ,=-$1300000/600000shares

In other words the EPS for the previous year when compared to the current would see a drop in value per unit of share of $2.17

6 0
3 years ago
Understanding a target customer base allows a company to
Sever21 [200]
B is the answer.

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6 0
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How would a good recordkeeping system help during a tax audit?
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It would help keep the person organized
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