State taxes
thats what I would say
Based on accounting principles, Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) <u>Warranty Liability account</u>.
This is because a <u>Warranty Liability</u> <u>account</u> is a type of account that is established to record the number of the repair or replacement costs that a company expects to incur for commodities already shipped or services already conducted.
Warranty Liability account or Estimated Warranty Liability account are used mostly by firms that offer products that have warranty periods.
Hence, in this case, it is concluded that the correct answer is a Warranty Liability account.
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Answer:
<em>Total cost of product using the Activity-Based costing</em>
Particulars Amount
Material cost $10
Labor cost $15
Overheads cost under ABC <u>$16</u>
Total cost of product <u>$41</u>
Question Completion with Options:
o Stow the hairspray
o Raise an Andon
o Remove it and secure it with bubble wrap
o Place a Flammable sticker on the bottle
Answer:
What to do:
o Stow the hairspray
Explanation:
Stowing means the arrangement or placement of items, especially in a neat, compact way to enable easy retrieval when required. Therefore, you should continue what you have started by arranging the bottle of hairspray where it belongs in the appropriate packing space. Stowing ensures that items are properly arranged and put in their proper places or conditions when they are not in use.
For the answer to the question that is being asked and shown above, it is "TRUE." <span>The value of a cash budget is that it helps you predict and supply your future cash needs. This statement is true as far as the value of a cash is concerned.</span>
