In deciding whether to sell a product or continue to process it, the costs incurred to get the product into its current condition are not relevant to the decision.
<h3>What is Cost Price?</h3>
This refers to the price at which a good was bought and might include the expenses incurred while procuring the goods.
Hence, we can see that when an owner is trying to decide whether to sell a good or process it, the costs incurred to get the product to its current condition are not relevant while making this decision.
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Answer:
The answer is
Dr Warranty Expense $3,520
Cr Estimated Warranty Liability $3,520
Explanation:
Warranty expense is a contingent liability and it is defined as liabilities that may be incurred by a firm or business depending on the outcome of an uncertain future circumstance.
Current sales = $176,000
Warranty expense = $3,520(2% of $176,000).
The rule: Debit increases assets and expenses while credit reduces it.
Credit increases equity(stock), sales(revenue) and liabilities while debit reduces it.
Therefore the period entry is
Dr Warranty Expense $3,520
Cr Estimated Warranty Liability $3,520
Answer: 5
According to the matching hypothesis, people become attracted to people equally socially desirable( usually physical) and are more likely to succeed in a
committed relationship. Other couples that have a successful relationship but have differing physical attractiveness, may be together
due to other variables that compensate their difference in
attractiveness.
The rate of return did you earn on the investment is 44%.
<h3>What is the return rate?</h3>
The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR). You determine the percentage change from the start of the period to the end when computing the rate of return.
<h3>What does a rate of return look like?</h3>
The yearly rate of return, for instance, would be 16.66 percent if an investment cost $60 at the beginning of the year and ended up being worth $70.
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