Answer:
B. early followers
Explanation:
Based on the information provided within the question it can be said that in this scenario Mantel and Adventura would be considered early followers. Early Followers or better known as First Followers, refers to the company or companies that enter the market shortly after the first company has already entered into that market. They do this to see the barriers that the first company has already overcome and are able to do it easier.
The provision for warranty in the current year should be
303000 * 5% = 15150 where 4000 is a current expense so a total of 19150 should be reported.
A warranty clause is a provision in a contract that typically affords a promise specifying that something is real or will manifest. In contract law, this clause can have a couple of that means, and it has a tendency to be one of the most misunderstood.
A warranty is a contingent legal responsibility, so the celebration presenting it needs to report a liability and assurance price whilst it information the associated sale of goods or offerings. As the promoting birthday party incurs real assurance fees, it expenses them towards the legal responsibility account.
The warranty price account receives debited, and the warranty legal responsibility account gets credited. The value of the alternative components and merchandise despatched to customers is debited from the warranty legal responsibility account. And it is credited to the inventory account as actual warranty claims are obtained.
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demand decreases, and supply increases. This is easy, the price will drop for sure, but if supply curve shifts right a lot more than the demand curve shifts left, then the new equilibrium point will mean more quantity is supplied at a much lower price. demand increases, and supply decreases.
Answer:
Expenditures $300,000; Supplies inventory $150,000.
Explanation:
The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.
After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.
Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.
The investor determines that a credit loss exists on the investment
