The cost of resources and using more efficient are two factors that affect the supply of a product

Professionals in the Broadcasting and Journalism pathway are responsible for which of the following?

Varvara68 [4.7K]

Professionals in the Broadcasting and journalisms pathway are responsible for which of the following Designing and construction aesthetically pleasing work.

3 0

3 years ago

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Listed below are a few transactions and events of Maxum Company. Employees earn vacation pay at a rate of one day per month. Max

attashe74 [19]

Answer:

Case 1.

Dr Vacation Benefit Expense $8,740

Cr Vacation Benefit Payable $8,740

Case 2.

Dr Warranty Claim Expense $6,120

Cr Provision for Warranty $6,120

Explanation:

Now here, we have two cases. The first case is related to the monthly benefits given to employees which will be accounted for according to the accrual basis. The second case is of the warranty which would be accounted for according to the International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

Case 1. The accrual basis says that the expense must recognized when it has been incurred. In the current scenario, the vacation benefits were promised so the firm must recognize $8,740 as an expense.

The entry would be:

Dr Vacation Benefit Expense $8,740

Cr Vacation Benefit Payable $8,740

Now, the second case is the recording of the warranty claims expected which must be recognized as an expense. The warranty claim can be calculated as the number of units are 8% of total units sold during December which is 360 units (4,500 * 8%). Furthermore, the cost of maintenance per unit is $17 per unit which means the total cost of maintenance would be $6,120. So the entry would be recognizing provision for the warranty claim of $6,120 for the month.

The entry would be:

Dr Warranty Claim Expense $6,120

Cr Provision for Warranty $6,120

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3 years ago

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The Titan retires a $24.6 million bond issue when the carrying value of the bonds is $21.4 million, but the market value of the

nataly862011 [7]

Answer:

A debit of $7.6 million to a loss account

Explanation:

Step 1. Given information.

Carrying value is 21.4 million
Market value when retired is 29 million.

Step 2. Formulas needed to solve the exercise.

Gain(Loss) = Carrying value - Market value when retired

Step 3. Calculation.

= 21.4 million - 29 million

= 7.6 million

Step 4. Solution.

A debit of $7.6 million to a loss account

6 0

3 years ago

When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he

Stella [2.4K]

Answer:

c

Explanation:

lie is not the right term to use in this situation because the salesperson didn't really lie its more of he left some facts about the expensive converter box which is best expressed as omission

4 0

3 years ago

You have just taken out a $ 25 comma 000 car loan with a 6 % APR, compounded monthly. The loan is for five years. When you make

Alex Ar [27]

Answer:

You question is missing some data.so i am adding a sample question matching the above conditions.i hope it will help.

You have just taken out a $15,000 car loan with a 8% APR compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go towards the interest? (Dont round intermediate steps to six decimal places)

Round answers to nearest cent

Explanation:

Please find attached file for complete answer solution and explanation of same question.

6 0

3 years ago