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Marina CMI [18]
4 years ago
15

New Age Computers manufactures and sells pagers and radio paging systems which include a 180 day warranty on product defects. It

also sells an extended warranty which provides an additional two years of protection. On May 10, it sold a paging system for $4,500 and an extended warranty for another $1,400. The journal entry to record this transaction would include:
Business
1 answer:
alukav5142 [94]4 years ago
7 0

Answer:

Given that,

sold a paging system = $4,500

Sold extended warranty = $1,400

The journal entry to record this transaction would include:

(i) cash account Dr. $4,500

       To Sales A/c                 $4,500

(To record the sales)

(ii) Cash A/c Dr. $1,400

       To Unearned revenue A/c $1,400

(To record the service revenue)

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Roberson Corporation manufactured 30,000 ice chests during September. The overhead cost-allocation base is $11.25 per machine-ho
Paha777 [63]

Answer:

$165,000

Explanation:

Data provided in the question;

variable overhead data

                                                                           Actual                   Budgeted

Production                                                       30,000 units          24,000 units

Machine-hours                                                15,000 hours         10,800 hours

Variable overhead cost per machine-hour        $11.00                   $11.25

Now,

The actual variable overhead cost will be

= Actual machine hour × Actual Variable overhead cost per machine-hour

= 15,000 × $11.00

= $165,000

Hence,

The actual variable overhead cost for the Roberson Corporation is $165,000

5 0
3 years ago
A general requirement for informed consent is that no informed consent may include any exculpatory language. Exculpatory languag
o-na [289]

Taking part in the research is voluntary, but if you choose to take part, you waive the right to legal redress for any research-related injuries

Answer: Option A.

<u>Explanation:</u>

Exculpatory language is the language which removes or waives away the legal rights of the people who are about to take part in any events or participate in any thing.

A consent form or an informed consent should not include any kind of the exculpatory language which results in the waiving away of the legal rights of the people who are going to sign the form for taking part in an event, in any research and so on.

4 0
3 years ago
the of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the
dolphi86 [110]

'Financial management of a business, agency, household or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.

Financial management is the business function concerned with profitability, expenditure, cash, and credit, and ensures that "an organization has the means to achieve its objectives as satisfactorily as possible." The latter is often defined as maximizing shareholder value.

Financial Management is the strategic planning, organization, management and management of financial companies in an organization or institution. It also includes applying management principles to the financial assets of the organization while playing a key role in tax administration.

Financial Management is defined as the management and analysis of money and investments for the purpose of making business decisions by individuals or organizations. An example of financial management is the work of a company's accounting department.

Learn more about financial management brainly.com/question/989344

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5 0
2 years ago
Salubre Pharmaceuticals invested $3.4 billion dollars to develop a new drug for individuals with diabetes. After Salubre receive
SashulF [63]

Answer:

The correct answer is letter "A": low.

Explanation:

The marginal cost of a company represents the cost of producing one more additional unit. For knowledge-intensive industries such as pharmaceuticals that require clearance from the <em>Food and Drug Administration</em> (FDA), investment for research, development and to produce drugs is high, but once the drugs are already in production the marginal cost tends to be low.

4 0
3 years ago
at the end of its 2021 fiscal year, a triggering event caused janero corporation to perform an impairment test for one of its ma
svet-max [94.6K]

The manufacturing facility is impaired when the book value exceeds the total of estimated undiscounted future cash flows.

The manufacturing facility has an impairment loss of 15 million dollars because its book value exceeds undiscounted future cash flows.

<h3>When fair value exceeds book value, what happens?</h3>

An asset's value is "impaired" if its book value is higher than its fair value. Additionally, you are required to include the impairment loss in your income from continuing operations. The impaired asset's carrying value on your balance sheet is also affected by impairment losses.

<h3>How is an asset's impairment determined?</h3>

Resources are viewed as weakened when the book worth, or net conveying esteem, surpasses expected future incomes. The impairment must be reflected in the financial statements if it is permanent.

Learn more about book value here:

brainly.com/question/23057744

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8 0
1 year ago
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