Answer:
$43,000
Explanation:
Warranty expense for 2021 = $40.8 millions * 1%
Warranty expense for 2021 = $408,000
Balance in Liability on 31 Dec = Warranty Liability on 1 Jan + Warranty Expenses - Warranty Expense paid
Balance in Liability on 31 Dec = $88,000 + $408,000 - $453,000
Balance in Liability on 31 Dec = $43,000
So, the balance in the warranty liability account as of December 31, 2021 is $43,000.
Answer:
D) social, environmental, and financial
Explanation:
The triple bottom line is an accounting framework that recommends that companies should not only focus on maximising profit but they should focus on social and environment concerns.
I hope my answer helps you
Answer:
b.
Explanation:
Conferences demand that schools and their leaders pay more attention to conference issues than to those of national governing bodies like the NCAA. Issues need to be chosen by its importance to the vast majority. If the issue that is affecting the vast majority of the population revolves around external factors such as those of a national governing body then those are the issues that the conference should revolve around. The conference needs to adapt to what is most important always.
Explanation:
The Journal entry is shown below:-
1. Supplies A/c Dr, $530
To supplies expenses $530
(Being supplies on hand is recorded)
2. Insurance Dr, $125
To Prepaid insurance $125
(Being Insurance for the month is recorded)
3. Depreciation Dr, $75
To Accumulated depreciation $75
(Being depreciation is recorded)
4. Unearned revenue Dr, $920
To service revenue $920
(Being unearned revenue is recorded)
5. Accounts receivable Dr, $330
To service revenue $330
(Being service accounts receivable is recorded)
6. Interest expenses Dr, $80
To Interest payable $80
(Being interest expense is recorded)
7. Salaries expense Dr, $1460
To Salary payable $1460
(Being salary expense is recorded)
Answer:
Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises.
Explanation:
Because the country has comparative advantage in manufacturing, opening to trade means that the manufacturing sector will grow because it will now export goods to other parts of the world. This will increase the real wages of manufacturing workers.
However, the country does not have a comparative advantage in agriculture, and this means that the agricultural sector will likely shrink, because consumers will be able to access cheaper and higher quality agricultural goods from other regions. This will cause agricultural workers' wages to fall.
