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Studentka2010 [4]
3 years ago
7

In a sales contract, the only exception to a buyer claiming title warranty occurs if the

Business
1 answer:
Nutka1998 [239]3 years ago
7 0
I would say that if the buyer had wilfully damaged the item purchased or been negligent in handling it, then the title warranty would be annuled so this means that the warranty is only good for defects for parts and labour usually only for one year unless extended.
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The income statement of Sheffield Corp. for 2020 included the following items: Interest revenue $137000 Salaries and wages expen
Gnoma [55]

Answer:

$133,800

Explanation:

Calculation for The cash received for interest during 2014

Using this formula

2014 Cash received for interest=Interest revenue-2014 Interest receivable+2013 Interest receivable

Let plug in the formula

2014 Cash received for interest=$137,000-$18,200+ $15,000

2014 Cash received for interest=$133,800

Therefore The cash received for interest during 2014 was:$133,800

4 0
3 years ago
The following information pertains to Pernell Company's pension plan. Beginning PBO: $500,000; current service cost $50,000; dis
monitta

Answer:

= $560,000

Explanation:

Given that:

  • -Beginning PBO: 500,000
  • -Current Service Cost: 50,000
  • -Discount Rate: 6%  => interest cost = 500,000*6% = 30,000
  • -Contributions by Pernell: 40,000
  • -Benefits paid to employees 25,000
  • -Loss on PBO: 5,000

As we know that service cost; gains and losses; payments to retired employees; prior service cost; interest cost; payments to employees are factors that change the balance of the PBO

So the ending balance of the PBO will be:

Beginning PBO + Current Service Cost + Interest cost Loss on PBO -Benefits paid to employees

$500,000 + $50,000+ $30,000+$5,000-$25,000

= $560,000

4 0
3 years ago
A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in
Leni [432]
A natural monopoly, such as a local electricity provider, is the result of long run average total costs declining continuously as output increases. The correct option among all the options that are given in the question is option "3". The initial cost of power generation and power distribution cost is high. Once the generation starts and the number of consumer increases, the average cost starts declining.
7 0
3 years ago
Exercise 10-30 Cost Variance Investigation (LO 10-4)The director of cost management for Odessa Company uses a statistical contro
OLEGan [10]

Answer:

a. The cutoff value for investigation if the controller’s rule of thumb is to investigate all variances equal to or greater than 6 percent of standard cost is $2,280.

b.The month that will have their direct-labor efficiency variance investigated will be the month of since june variance is 2,400 and hence is above $2,280.

Explanation:

According to the given data, the standard direct-labor cost during each of these months was $38,000, therefore, in order to calculate  the cutoff value for investigation, we would have make the following calculation:

Cutoff value for investigation =6% of Standard cost =$38,000 *6% =$2,280

The month that will have their direct-labor efficiency variance investigated will be the month of since june variance is 2,400 and hence is above $2,280.

4 0
3 years ago
Much of macroeconomics attempts to explain a. changes in the growth rate of state government spending. b. changes in the prices
irina1246 [14]

Answer:

C) long-run growth and short-run fluctuations in real GDP

Explanation:

Macroeconomics is a strand of economic science that discusses large economic aggregates, such as income, inflation, and employment variations. It is an approach that aims to discuss these factors and bring about improvements through economic policies. The concerns of the macroeconomy are mainly to maintain a stabilized economic system, with sustainable growth of GDP, income and social and economic indicators.

6 0
3 years ago
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