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aalyn [17]
3 years ago
5

Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warra

nty program. The average repair cost is $71 per phone. For 2021, Talks-A-Lot has sold 550 cell phones and has repaired 11 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021?
Business
1 answer:
Gnom [1K]3 years ago
6 0

Answer:

Product warrant liability to be reported as on 31.12.2021* is $3.124

<em>*The procedures are attached in a microsof excel document. </em>

Explanation:

This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.

Download xlsx
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What are some ways to build relationships within the core team?
Anon25 [30]

Answer:

some of these ways are included in the answers below

Explanation:

To build relationship within the core team:

1. You have to recognize and acknowledge the individual motives and effort of team members

2. You have to make room for open communication in the team

3. You have to develop a way of sharing values in the team

4. Everyone should be carried along when it comes to meaningful project learning

5. At periods of success, you have to celebrate such.

6. Communicate well and properly especially when it come to periods of conflicts.

5 0
3 years ago
the product life cycle (plc) defines the life of a product in four basic stages, which include .
r-ruslan [8.4K]

The product life cycle (plc) defines the life of a product in four basic stages,  introduction, growth, maturity, and decline.

The product lifecycle is the process from the initial launch of a product to its rejection or removal from the market. The life cycle consists of four phases initiation, growth, maturity, and decline.

This theory suggests that at the beginning of a product's life cycle, all parts and labor associated with that product originate from the field in which it was invented. Production gradually moves away from the origin as the product becomes accepted and used in the global market.

Learn more about the life cycle at

brainly.com/question/14567370

#SPJ4

7 0
2 years ago
J. Jackson invested $1,000 in his business in exchange for common stock. Show how to use T-accounts to record this transaction b
Mashutka [201]

Based on the information given the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.

T-accounts:

Since $1,000 was invested  in the business in exchange for common stock which means that we are going to debit cash with the amount of $1,000 and credit common stock with the amount of $1,000.

Hence, the T-account will show:

Debit Cash $1,000

Credit Common stock $1,000

Inconclusion the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.

Learn more about T-account here:brainly.com/question/14279491

7 0
3 years ago
RST Company produces a product that has a variable cost of $6 per unit. The company's fixed costs are $30,000. The product sells
lukranit [14]

Answer:

7,500 units

Explanation:

Given that,

Variable cost = $6 per unit

Fixed costs = $30,000

Selling price of the product = $10 per unit

Contribution margin per unit:

= Selling price per unit - Variable cost per unit

= $10 - $6

= $4

Break-even units:

= Fixed costs ÷ Contribution margin per unit

= $30,000 ÷ $4

= 7,500 units

Therefore,

7,500 units must be produced to break-even.

5 0
4 years ago
Economists generally believe that rent control is
dangina [55]

Answer:

D) An efficient and fair way to help poor

<h3><u>Hope </u><u>this </u><u>helps </u><u>you </u></h3>

8 0
4 years ago
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