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2 years ago

8

A __________ is a sample of consumers or stores from which researchers take a series of measurements. representative group jury

of executive opinion panel survey of experts focus group

1 answer:

Shtirlitz [24]2 years ago

3 0

The answer to your question would be Panel.

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Quantas Industries sold $300,000 of consumer electronics during January under a one-year warranty. The cost to repair defects un

finlep [7]

Answer:

January 31.

Warranty Expense $18,000 (debit)

Warranty Provision $18,000 (credit)

June 20.

Warranty Provision $183 (debit)

Cash $183 (credit)

Explanation:

There is no option on the customer to take the warranty or not. There this type of Warranty is known as an <em>Assurance Type Warranty</em>.

Assurance type warranties are accounted in terms of the <em>Provision Standards</em> as follows ;

<u>Entry when the warranty is granted</u>

Warranty Expense $18,000 (debit)

Warranty Provision $18,000 (credit)

<em>Being recognition of warranty cost and provision. </em>

Warranty Expense $300,000 × 6% = $18,000

<u>When the Warranty Claim is subsequently received.</u>

Warranty Provision $183 (debit)

Cash $183 (credit)

<em>Being utilization of Provision when the warranty claim is received.</em>

3 0

2 years ago

Sheffield Realty Corporation purchased a tract of unimproved land for $115,500. This land was improved and subdivided into build

monitta

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

4 0

2 years ago

Identify the accounting concept, assumption, or principle that best applies to each of the following situations: a. Inflation

lianna [129]

Answer:

The list is follows:

a. Inflation has been abound 2.5% for some time. Village Realtors is considering measuring its land values in inflation-adjusted amounts - Stable-monetary-unit assumption

b. You get an especially good buy on a laptop, paying only $ 300$300 when it normally costs $ 800. What is your accounting value for this laptop? - Historical cost principle

c. Burger King, the restaurant chain, sold a store location to McDonald. How can Burger King determine the sale price of the store long dash—by a professional appraisal, Burger King's original cost, or the amount actually received from the sale? - Historical cost principle

d. General Motors wants to determine which division of the company long dash—Chevrolet or Cadillac long dash—is more profitable - Entity assumption

6 0

2 years ago

On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos

NeTakaya

Answer:

Option (d) is correct.

Explanation:

Given that,

Inventory sold to Alberta, Inc. on account = $5,800

Cost of goods sold = $4,000

The journal entries are as follows:

(i) On October 1,

Accounts receivable A/c Dr. $5,800

To sales A/c $5,800

(To record the credit sale of inventory)

(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

To Merchandise inventory A/c $4,000

(To record the cost of goods sold)

4 0

2 years ago

Suppose the cost of 5 pencils is $1.50. The cost of 6 pencils is $1.75. The marginal cost of the sixth pencil is

nataly862011 [7]

Answer:

$0.25

Explanation:

The marginal cost of the sixth pencil is given by the difference in total cost of purchasing 6 pencils from the cost of purchasing 5 pencils. That is, the change in cost caused by the addition of the sixth unit of output:

$MC = \$1.75-\$1.50 = \$0.25$

The marginal cost of the sixth pencil is $0.25

4 0

2 years ago