Answer:
D. $358
Explanation:
The computation of the Product Warranty Expense is shown below:
= Number of radios sold × selling price per radios × estimated warranty percentage
= 132 radios × $54 × 5%
= $356.40
i.e $358 approx
By multiplying the number of radios sold with the selling price and the estimated warranty percentage we can get the product warranty expense 58
Answer:
Agency theory.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Typically, it is considered to be one of the most complicated and expensive type of organization. Generally, a corporation is considered to be perpetual in nature and it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity.
One of the advantage of a corporation is that, owners have limited liability for debt to the extent to which they have invested and as such are not personally liable for some of debt owed by corporation.
The theory which states that problems arise in corporations because top management no longer is willing to bear the brunt of their decisions unless they own a substantial amount of stock in the corporation is called agency theory.
Answer:
The spending variance for Utilities is $ 2,900(F)
Explanation:
In order to calculate the spending variance for Utilities we woud have to calculate first the Total Budgeted Cost as follows:
Budgeted variable cost for 30000 hours = $ 82,000-13,000 = $ 69,000
Budgeted variable cost for 33000 hours = $ 69,000x(33000/30000)
= $ 75,900
Therefore, Total Budgeted Cost = $ 75,900+13,000= $ 88,900
Spending Variance = Budgeted Cost-Actual Cost
Spending Variance =$ 88,900- $86,000
Spending Variance =$ 2,900(F)
The spending variance for Utilities is $ 2,900(F)
Answer:
false
Explanation:
he/she is not allowed to enter at any time because he/she does not have the right to enter the home if you are not there.
Answer:
$1,600
Explanation:
Calculation for the adjusted balance for Prepaid Insurance at December 31, 2017
Based on the information given we were told that the company Prepaid Insurance account had a balance of the amount of $2,800 in which the of $1,200 of the Prepaid Insurance had expired this means that the correct adjusted balance for Prepaid Insurance at December 2017 will be calculated as:
Prepaid Insurance balance $2,800
Less Expired Prepaid insurance $1,200
Adjusted balance of prepaid insurance$1,600
Therefore the correct adjusted balance for Prepaid Insurance at December 2017 will be $1,600