Answer:
Warranty liability $2,128
Explanation:
680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability
6 phones were repaired during the year x $76 = $456
remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128
total outstanding warranty liability = $2,128
Since phone warranties last less than a year, the full amount should be recorded under current liabilities.
Answer:
The incorrect statement is number (2): Data marts typically have broader focus than data warehouses.
Explanation:
Data marts are data structures built on a database. In this structure, consolidated data is stored that will be used as a feed for an analysis tool. Data marts are specialized in storing data of a specific area of an organization. A group of datamarts is called Datawarehouse.
Therefore, <em>data marts have a narrower focus than data warehouses.</em>
Answer:
B. $250,300.
Explanation:
We are asked to solve forthe amoung of cost of goods sold.
we add up the beginning FG and the manufactured goods
then we subtract the ending FG which represent the unsold amount
Cost Of Goods Sold
beginning Finished Goods 72,300
Cost Of Goods Manufactured <u> 246,300</u>
Total goods available for sale 318,600
ending FG <u> -68,300</u>
Cost Of Goods Sold 250300
Answer:
B. changes production levels to meet the demand.
Explanation:
The Keynesian model is usually used as a theoretical approach to understand economics in the short run. For Keynes, in the short term, firms can not change their prices immediately because exist a menu cost: the cost of changing prices. Instead, firms change the unique variable that they can control: quantities.
In such way can meet the demand in the short run.
