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3 years ago

19.

Business

1 answer:

geniusboy [140]3 years ago

7 0

Consumer self-defense strategies include seeking resolution.

Explanation:

Consumers are the final users of a product or a service. When the products or services does not satisfy a consumer he or she is eligible to file a complaint against that. But, doing this can be a costly one and also consumes lot of time. So, the decision of going to court is done only when there is a serious issue. The consumer can file a lawsuit and go to court.

A consumer must be able to take actions legally when it is in need. It is the last weapon when all the other things fails. The consumers self defensing ideas and strategies includes seeking resolution. It will be very useful to mark your interest about a particular solution that your are interested in.

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Ranch Company estimates warranty expense as 5% of sales. On January 1, warranties payable was $13,000. During the year Ranch pai

Yuki888 [10]

Answer:

$13,000

Explanation:

The computation of the december 31 liability for the warranty is shown below:

Given that

Warranty expense = 5% of sales

Warranty payable = $13,000

Paid amount = $5,000

Sales = $120,000

based on the above information

The warranty liability as on Dec 31 would be equivalent to the warranty payable i.e. $13,000

The same is to be considered

3 0

3 years ago

How would a low-cost price leader enforce its leadership through implied threats to a rival? provide at least one example of suc

GREYUIT [131]

Low-cost price leaders normally employ such strategies as price-matching to direct more sales to them and away from rivals. This is the used by Wal-Mart as it redirects sales to it self from rivals like Aldi, best -buy and other retailer. Amazon employs this strategy as well by asking customers to report lower prices online.

3 0

3 years ago

Use your knowledge of balance sheets, what are the total liabilities and retained earnings in the text below, respectively? ASSE

Vera_Pavlovna [14]

Answer:

B) 280,000; 200,000

Explanation:

Assets = Liabilities + Shareholder Equity

Assets:

Cash $50,000

Accounts receivable $80,000

Inventory $100,000

Gross P&E $730,000

depreciation ($130,000)

total = $830,000

Liabilities:

Accounts payable $12,000

Notes payable $50,000

Long-term debt $218,000

total = $280,000

Equity = $830,000 - $280,000 = $550,000

Common stock $100,000

Add. paid-in capital $250,000

Retained earnings = $550,000 - $100,000 (common stock) - $250,000 (APIC) = $200,000

3 0

3 years ago

Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we

Leokris [45]

Answer:

The interest rate for capitalization purposes will be of 11%

Explanation:

The company will average all the debt oustanding during the year

1,050,550 x 13% = 136,571.5

2,080,800 x 10% = 208,080

3, 831,200 x 11% = 421, 432

6,962,550‬ 766,083.5

a debt of 6,962,550 dollars generates 766,083.5 dollars of interest:

principal x rate = interest

rate = interest / principal

766,083.5 / 6,962,550 = 0,110029 = 11%

4 0

3 years ago

Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide

andriy [413]

Answer:

Beginning RE 708,900

prior period adjustment 89,470

adjusted beginning RE 798,370‬

net income 1,663,000

cash dividends (77,800)

ending RE 2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0

3 years ago