1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnesinka [82]
3 years ago
8

At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte

d to cost Angel 6% of net sales. Net sales made under warranty in 2018 were $193 million. Fifteen percent of the units sold were returned in 2018 and repaired or replaced at a cost of $5.00 million. The amount of warranty expense on Angel's 2018 income statement is:
Business
1 answer:
BabaBlast [244]3 years ago
5 0

Answer:

The amount of warranty expense on Angel's 2018 income statement is $11.58 million.

Explanation:

Income statement : The income statement is that statement which represents the income for the particular year.

The income is calculated by subtracting all types of costs from sales revenue.

The motive behind the preparation of income statement is to examine the company profitability, financial performance, etc.

The amount of warranty expense on Angel's 2018 income statement is calculated below

= Net sales × cost of warranty program

= $193 million × 6%

= $11.58 million

The other cost like repairing cost or replacement cost is not considered while calculating the warranty expense

Hence, the amount of warranty expense on Angel's 2018 income statement is $11.58 million.

You might be interested in
The FDIC found out that a company misreported information to a credit scoring company about Wanda. Wanda contacted the company a
Alborosie
Fair Credit Reporting Act
5 0
3 years ago
Read 2 more answers
The fundamentals of Project Management are considered universal across most businesses and professions.
Troyanec [42]

Answer:

A. True

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

6 0
3 years ago
After the federal government stepped in to keep some businesses from failing, new attention was focused on executive compensatio
olganol [36]

Answer:

lets look at the options and find the correct one!

obviously technology is not related to this at all. so we can cut it off.

Operations is not applicable as an answer as well. it doesn't seem to fit in.

Structure and executive pay are two different things so nope! not that one!

d. people this option is a bit confusing so lets keep it for now.

e. social responsibility seems like fits in too as the government money saves these companies, the companies have a responsibility to have a fair pay towards their executives.

but as the question asks "example of an organization change attempt focused on influencing", in my view the most suitable one would be PEOPLE since the Politicians, tax payers and news media are all trying to do this by influencing people.

Explanation:

7 0
3 years ago
Jeff went shopping last Monday and almost bought an item for $50. He decided against making the purchase because he did not like
faltersainse [42]
He knew the purchase will prevent him from using the money and better ways
6 0
3 years ago
Strum Services provides content management services to major educational publishers. Due to low morale, the level of employee ou
artcher [175]

Answer:

The correct answer is letter "A": The company is on a tight deadline to complete a major project for an important client.

Explanation:

Coercion is the act by which a party forces to act another against its will because of a threat or an adverse situation. In the case given, as employees are underperforming, executives might find and excuse in an upcoming deadline of a major project for an important client to urge employees to hurry up in their jobs, otherwise the goal will not be met.

8 0
3 years ago
Other questions:
  • The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount
    8·2 answers
  • Auditors must gather evidence, and obtain documentation around identified risks. A risk in the purchasing process is that a purc
    12·1 answer
  • A sales firm regularly enrolls some of its employees in a six-month marketing course with a leading university. At the end of th
    7·1 answer
  • Given the following owner’s income and expense estimates for an apartment property, formulate a reconstructed operat-ing stateme
    15·1 answer
  • All societies face a trade-off between equality and efficiency.
    14·1 answer
  • McKeel Publishing had outstanding checks totaling $5,540 on its June bank reconciliation. In July, McKeel issued checks totaling
    12·1 answer
  • Olivia owns a store with four employees and is taking Business 2425. She told her class that she tries to match the appropriate
    10·1 answer
  • 30) The theme dominating global financial markets today is the complexity of risks associated with financial globalization. List
    6·1 answer
  • matthew has written his mission, vision, and value statements. he has completed his organizational assessment. what is his next
    11·1 answer
  • Discuss the implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market sys
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!