Answer: Debit to warranty payable the actual amount paid out as a result of warranty claims
Explanation: Warranty payable is a provision for estimated warranty claims to be paid. It is a liability account that has a credit balance.
In recording a warranty payable, a debit is made to warranty expenses account and a credit to warranty payable account.
When the actual warranty claim is paid, the warranty payable account is debited while cash or bank account is credited to record the actual amount paid.
Answer: c. $3,960,000
Explanation:
Using the units-of-production method of depreciation, depreciation is done per unit used.
With a residual value of zero, the formula is;
= Cost x Millage used / Useful life mileage
= 55,000,000 x 36,000,000/500,000,000
= $3,960,000
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
identifying pricing constraints.
Explanation:
From the question we are informed about George and Arthurine Renfro decided who decided to start a family business in 1990 and market chowchow, a southern regional food, they had to determine how they would price the chowchow by examining the demand for the product (would people rather eat home-made or store-bought), the cost of getting the jars for bottling the chowchow, and how much it would cost to distribute the product to area stores. In other words, in this case, the Renfros had to begin the development of their pricing strategy by identifying pricing constraints. .
Pricing constraints can be regarded as
factors which brings about limit of latitude of prices which a company may set.
Answer:
Latoya is responsible for her company’s human resource information system. She wants to expand the system’s usefulness and is preparing a recommendation to add data-mining applications. What does data mining involve?
a) analyzing large amounts of data, such as employee pay and performance
Explanation:
An information system is a combination of components that work collectively in the storage, transfer and processing of data. Information systems have various features including data mining which is a major component. Data mining can be defined as the process which data input is converted into useful information or output. In a company situation, there is usually large blocks of data. Going through these data blocks manually can be very tedious and time-consuming , thus costly. In most organizations however, they utilize data mining to break data down into simpler information that can be understood in a short time.
Data mining works by going through large data blocks and extracting relevant trends and patterns in them. Data mining has a number of uses, namely; detection of fraud, risk management of credit, and filtering opinion of users. The steps involved include: collection of data, then the data is loaded and stored in organizational servers, then analysts organize the data, then the data is processed using a software and finally the end result is presented in an easy to understand format.
In our case, Latoya is the company's human resource information system manager, thus her data-mining will probably involve analyzing large amounts of data, such as employee pay and performance.
