Answer:
<em>Warranty expense should be recorded in the period when the warranty service is performed.</em>
Explanation:
When the product is sold, a product guarantee liability and warranty cost should be reported if it is possible that consumers may make claims under the warranty and the amount can be calculated.
Those two provisions are part of the Financial Accounting Standards Statement No. 5 of the FASB, Accounting for Contingencies.
Answer:
The amount of money created will be $1,250,000
Explanation:
In order to find the maximum amount of money that will be created in the banking system as a result of a deposit, we need to find the money multiplier.
Multiplier = 1/reserve ration = 1/0.2 = 5
The amount of money created = Multiplier *Initial deposit
Amount of money created = 5* 250,000
= 1,250,000
Answer:
The kind of corporate takeover technique implemented in the film is proxy fight.
Explanation:
A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.
In this case both the parties, the heiress as well as the opponent is asking for the right of vote from stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.
Answer:
Variable Cost per hour is $4.86
Explanation:
given data
Highest Cost = $27,049
Lowest Cost = $19,772
Highest Cost Driver = 4,168 hours
Lowest Cost Driver = 2,672 hours
solution
we get here Variable Cost per hour that is express as
Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver) ......................1
put here value and we get
Variable Cost per hour = 
Variable Cost per hour = 
Variable Cost per hour = 4.86
so Variable Cost per hour is $4.86
1,000 billion is how much the government would spend to increase outputs
