Answer:
Boyd will record Warranty Expense in the amount of $400 for the month.
Explanation:
Warraty expense is an obligation on the business because business idmliable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.
Sales = $20,000
Warranty repair = 2% of Sales
Warranty Expnese = Sales x Warranty repairs percentage
Warranty Expnese = $20,000 x 2%
Warranty Expnese = $400
Answer and explanation:
In the decision-making process, the consensus is the point at which the members of a given group agree with having decided which is the best path they should take to reach an objective. Strategies that can help come to that state faster include encouraging participation since the most team members collaborate in the decision-making, the more involved they will be the project; introducing a voting system in case there are too many differences among the team members to eventually decide what the majority agrees with; and, creating a team developing a solution in case natural consensus cannot be achieved. They will be in charge of deciding what to do based on information obtained from the discussion.
Answer:
$21
Explanation:
The computation of the sales commission per unit sold is shown below:
= Selling price per unit × sales commission percentage
= $350 × 6%
= $21
By multiplying the selling price per unit with the sales commission percentage we can get the sales commission per unit and the same is shown above in the calculation part.
All other information is not relevant. Hence, ignored it
Answer:
$9,700
Explanation:
The computation of the consumption is shown below;
= Durable goods + Services + Non-durable goods
= $3,000 + $6,000 + $700
= $9,700
We simply added the durable goods, services and the non-durable goods so that the consumption could be come
Hence, the consumption is $9,700
Therefore the same is to be considered
