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Rudik [331]
3 years ago
14

Scout Company sold $15.000 of merchandise in September with a three-month warranty. The cost to repair defects under warranty is

estimated at 5% of the sales price. The journal entry to record the estimated warranty expense for the month of September will include a
a. debit to Product Warranty Expense for $750
b. credit to Product Warranty Expense for $750.
c. debit to Product Warranty Payable for $7,500.
d. credit to Product Warranty Payable for $7.500.
Business
1 answer:
chubhunter [2.5K]3 years ago
8 0

Answer: debit to Product Warranty Expense for $750

Explanation: 5% of $15000 =

5 ÷ 100 × $15000 is $750.

This is an expense and so will be a debit.

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Wiley company purchased new equipment for $60,000. wiley paid cash for the equipment. other costs associated with the equipment
Colt1911 [192]
The total cost of equipment that should be recorded is calculated by adding up all the given values in this item. The costs include equipment cost, transportation cost, tax, and installation cost. Adding up all the values,

     TC = ($60,000) + ($1,000) + ($3,000) + ($2,500)
               TC = $66,500

ANSWER: TC = $66,500
6 0
3 years ago
Name any five diversity issues that affect the fashion industry​
Natasha_Volkova [10]

Answer:

People of color, size, height. Even gender, I feel fashion is thrown more towards women than men, sexuality/trans and sexism.

Explanation:

People of color- The fashion industry over the year has become way more diverse in the subject of race, they have invited more models over the years with diffrent races and have made culture including clothes. I still feel it is not 100% perfect with eqaulity in the modeling industery but in the eyes of fashion, I think it's getting to a great point.

Size- Size is a big one why is a model always skinny, why is a must for the clothes. Why can't it be way more diverse from size 0 to size 30, it's about how you wear the clothes that matters, not the weight of the model. it would  be a huge boost in confidence to bigger people and show great diversity in the world of fashion. .

Height- This is the same thing as size, models who wear the clothes are always tall make clothes for short people. Be more diverse, serisoly make clothes for men/women/short/tall/size0/size30.

Gender- The fashion industy has always always gone more towards women. I mean, dresses, shoes, hats, gloves, skirts, shirts, thats a lot of money to bank on. I mean, I totally get why the fashoin industy would go towards women we are taught the fashion is only for women but it's 100% not just for women. which leads into my fith point-

Sexism- Why don't men wear dresses and women wear suits. i'm sorry but it is 2021 who the f cares what you are wearing as long as you look great. I can't even begin to tell you my exciment that Gucci designed a dress for Harry Styles. He looked amazing and it was a beautiful diverse way to show that men can wear dresses too. Fashion is an art that should be outside of the box and diverse, but we keep puting it into a tiny box with the same stuff.

Please don't take my grammer seriously or my spelling. Thank you!

7 0
3 years ago
Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys b
il63 [147K]

Answer:

The answer is:

A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to 4.8 times, suggesting improvement in efficiency.

Explanation:

We have the current Inventory turnover = COGS / Inventory = 41,700/10,000 = 4.17 times

=> An 15% increase in the Inventory turnover will bring the Inventory turnover ratio to: 4.17 x 1.15 = 4.8 times;

Increasing in inventory turnover may be the result of higher sales ( thus higher COGS) or low level of inventory holding - thus limiting the resources spending on idle inventory. So, higher level of inventory turnover in someways suggesting improvement in efficiency.

6 0
3 years ago
What is the difference between the short run and the long​ run?
Inessa05 [86]

Answer:  Option D

                                             

Explanation: In simple words, short run refers to the time frame in which all the factors of production are fixed while in the long run all of them are variable.

This happens due to the fact that in the short run if the company goes for changing the level of inputs than the opportunity that were availing in that time period will be gone by then leading to losses as the total time frame is very less in short run.

On the other hand, firms tends to have greater life in the market and keeps developing themselves with the changing forces of market.

4 0
4 years ago
The _______ details a business's cash-generating abilities, projecting revenue, expenses, capital, and cost of goods.
DanielleElmas [232]
An income statement lists financial projections in the following format: Income includes all revenue streams generated by the business. Cost of goods, includes all the related to the sale of products in inventory, Gross profit margin is the difference revenue and cost of goods.
6 0
3 years ago
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