Answer:
$3,000
Explanation:
Warranty expense is an obligation on the business because business is liable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.
Total Sales = $500 x 6,000 units = $3,000,000
Warranty Expense for the year = Sales units x 3% x warranty cost per unit
Warranty Expense for the year = 6,000 x 3% x $50 = $9,000
Recognised warranty cost in the year = 120 units x $50 = $6,000
Accrued Warranty expense = $9,000 - $6,000 = $3,000
Answer:
All statements are TRUE except Option "A"
Explanation:
Accounting control history is used for policy-making objectives, and historical information is redundant.
- Managerial accounting is used for short-and long-term decision making that involve overall financial health. It helps businesses make administrative decisions–meaning to help increase the efficiency and productivity of the business–while also helping to make long-term investment decisions.
Therefore,all answers are correct except "A"
Answer:
The correct answer is A. it relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective.
Explanation:
A strategic intention is the aspiration of a corporation that aims at its effective development in the long term, for this reason it must be an objective for which all personnel have appropriated. Normally, in order to reach this level, the company must go through a stage of recognition, analysis and projection where the market and growth expectations are taken into account in order to go in the best way for the benefit of both its internal and external users.
The monster music company's revenue under the accrual basis of accounting is $10,000
What is the accrual basis of accounting?
Under the accrual basis of accounting, revenue is recognized when the goods have been delivered or services rendered regardless of when payment for goods or services is received.
The fact that Monster music company already provided the music lessons whose revenue is $10,000 means that it should recognize the revenue for the whole music lessons provided rather the portion whose cash payment has been received
Find out more about accrual accounting on:brainly.com/question/11312217
#SPJ1
B.) 2-3% growth per period I think
