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drek231 [11]
4 years ago
11

Blast sells portable CD players, and each unit carries a one-year replacement warranty. The cost of repair defects under the war

ranty is estimated at 10% of the sales price. During May, Blast sells 650 portable CD players for $50 each. For what amount in May would Blast debit Product Warranty Expense?
Business
1 answer:
zlopas [31]4 years ago
6 0

Answer: Blast would debit the product warranty expense with $3,250

Explanation: The cost of repair under warranty is 10% of salea price. The sales price per unit is $50 of which 650 CDs were sold.

Therefore the product warranty expense will be (10% * ($50 * 650 CDs)) = $3,250.

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The president of Nash Company is considering a proposal by the factory manager for the purchase of a machine for $72,500. The us
n200080 [17]

Answer:

B. $2,190

Explanation:

Calculation for the net present value of the proposal

Using this formula

Net present value=(Annual cash flow×Discounted present value)- Machine purchase amount

Let plug in the formula

Net present value=($14,000 ×5.335)-$72,500

Net present value=$74,690-$72,500

Net present value= $2,190

Therefore the Net present value will be $2,190

6 0
4 years ago
If frank is researching the number of customers who have gluten or wheat allergies, and then he begins to devise a strategy to c
NARA [144]

If Frank is researching the number of those that have gluten or wheat allergies then he is involved in planning.

<h3>What is planning in business?</h3>

In the world of business, planning has to do with the setting of goals and objectives for the business and the various ways that the goals would be achieved.

Planning usually carries most of the ways that the business plans to achieve its set goals and objectives.

Read more on planning here:

brainly.com/question/24864915

5 0
3 years ago
True or False: The law of supply is a direct negative relationship between the price of a good or service and the quantity of it
Andru [333]

Answer:

False

Explanation:

Although the first part of the statement correctly describes the law of supply as an inverse relationship between the price of good/service and the quantity suppliers would supply (given a particular price), the second part is false.

Height of the supply curve indicates a minimum price that would incentivize suppliers to start creating a particular good. The notion of customers and purchase is related to the demand curve, not supply.

8 0
4 years ago
Managers satisfied with their current market share and profits sometimes adopt what can be termed as "don't-rock-the-pricing-boa
qwelly [4]

Answer:

Status quo objective

Explanation:

A status quo objective simply put is an objective is which a situation is maintained as it were as a result of satisfaction derived from the situation and its thought to be the ideal situation.

For a manager satisfied with the current market share and profits, he/she maintains a status quo postion which means that market share and profits neither increase or dcrease thus becoming a constant.

I hope this helps.

5 0
3 years ago
Camm corp. has 10,000,000 common shares outstanding. its four directors are elected by cumulative voting. to elect one director,
Oksanka [162]

Answer:

2,000,001 shares

Explanation:

To solve this question, we need to use the cumulative voting formula:

X = [(S x N) / (D + 1)] + 1

  • X = minimum number of shares that must be owned  = ?
  • S = total outstanding shares  = 10,000,000
  • N = number of directors we want to elect = 1
  • D = total number of directors to be elected = 4

X = [(10,000,000 x 1) / (4 + 1)] + 1 = (10,000,000 / 5) + 1 = 2,000,001

There are two voting procedures used to elect the members of a board of directors: the straight voting method and the cumulative voting method.

  1. The straight voting method favors majority stockholders since they receive one vote per stock per open seat which means that someone that has 50% plus 1 stock can actually get all the board members elected.
  2. Cumulative voting system assigns one vote per stock for the whole election, that means that a board member could be elected with 20% plus 1 vote. This voting system favors minority shareholders since someone with 50% plus 1 vote could only get 2 members elected by himself/herself.

3 0
4 years ago
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