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Stella [2.4K]
3 years ago
9

Hitzu Co. sold a copier costing $7,500 with a two-year parts warranty to a customer on August 16, 2017, for $15,000 cash. Hitzu

uses the perpetual inventory system. On November 22, 2018, the copier requires on-site repairs that are completed the same day. The repairs cost $107 for materials taken from the repair parts inventory. These are the only repairs required in 2018 for this copier. Based on experience, Hitzu expects to incur warranty costs equal to 4% of dollar sales. It records warranty expense with an adjusting entry at the end of each year. 1. How much warranty expense does the company report in 2017 for this copier
Business
1 answer:
FrozenT [24]3 years ago
8 0

Answer:

$600

Explanation:

The computation of the warranty expense for the year 2017 is shown below:

Warranty expense is

= Sales value in dollars × warranty cost percentage

= $15,000 × 4%

= $600

By multiplying the sales value with the warranty cost percentage so that the warranty expense could come and the same is to be considered

Therefore the other items values are not considered as they are not relevant

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Suppose that the U.S. government deficit​ decreases, causing interest rates in the United States to fall relative to those in th
snow_tiger [21]

Answer:

A) Demand would increase

Explanation:

Interest rates and demand are inversely related, that is to say, if interest rates rise, demand decreases, and if interest rates go down, demand goes up.

The reason for this is that a lower interest rate means that loans are cheaper. As loans are cheaper, investments increase, and more investment means more aggregate demand because investment is one of its components.

8 0
3 years ago
2. Whom would you choose as a referent on this job? What steps would your manager take to make you feel that you were being equi
DENIUS [597]

Answer is given below

Explanation:

  • The comparison is an indication to determine if the treatment is the same. Mentioned may be another person or a group of people similar to them. The Reference Canal may be a person with a previous job or anyone has guesses as to what the result/input ratio will be.
  • Employees are treated equally when they feel that their result / input ratio is equal to the output or input ratio mentioned. Equity is related to the fairness of the results relative to the inputs.
  • Managers help treat employees equally by ensuring that those who provide multiple inputs are rewarded with more results than those who provide less input. If a person changes one aspect of his ratio, the manager must ensure that the other side of the ratio also changes.
  • As the input increases, so does the outcomhold. If the input decreases, the results also decrease. Equity is present when an individual's own result / input ratio is less than the forecast. This happens when an employee compares him or her to a reference and does not want to achieve the results he or his investment has achieved.
  • Equity can be restored by trying to increase growth (by inputs, bonuses or allocating time) or by removing inputs (being late or falling short, doing less work) and turning it into a more accurate indication. If these methods fail, a planned company will choose to depart
8 0
4 years ago
Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include
Katena32 [7]

Answer: $672,000

Explanation:

Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.

The Consolidated balance for land in 2020 will therefore be calculated as,

= (Porter land value - Sales price) + (Simi land value + Sales price)

= (416,000 - 65,000) + (256,000 + 65,000)

= 351,000 + 321,000

= $672,000

The book value of the Consolidated land will be $672,000 in 2020.

3 0
3 years ago
A coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate th
iVinArrow [24]

Answer:

The correct answer is letter "C": feedback.

Explanation:

Feedback control refers to obtaining improvement suggestions typically by consumers or suppliers in a supply chain that allows companies to increase efficiency in their processes. It is useful at the moment of measuring customers' satisfaction with the goods or services provided and could determine the likelihood of those individuals acquiring again goods or services from the firm.

In some cases, control feedback includes a comment section where clients can give additional information on what they would change of the service they received or from the good they bought.

5 0
3 years ago
Which of the following would be a good opening statement to make to a new prospect as you visit for the first time with him?
bonufazy [111]

I think the answer is D

6 0
4 years ago
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