Answer:Woodmier journal $
1. Date
2021
Warranty expenses Dr 90,000
Warranty liability Cr. 90,000
Narration. Amount of warranty incurred for the year.
2021
Warranty liability Dr 90,000
Bank/Cash. Cr. 90,000
Narration. Payment of warranty expenditures.
2. No entry require
Explanation:
The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.
The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.
Answer:
(B) Analysis and design of work
Explanation:
HR functions , to resolve some problems like ,
- Recruiting the Right People for the Right Job profile
- Maintaining a Safe and healthy Environment
- Compensation and Benefits
- Employer-Employee Relations
Along with , listening to the complains and resolving them ,
As in this case , due to lack of clarity of the plan and resolving the conflicts at the work place .
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Answer: 15
Explanation:
For profit to be maximized by a monopolist, the marginal revenue and marginal cost must be gotten.
P= 105-3Q
MC= 15
Since total revenue is price × quantity, TR= P×Q = (105-3Q)Q
= 105Q-3Q^2
MR= 105-6Q
Since we've gotten marginal revenue and marginal cost, we equate both together.
MR=MC
105-6Q = 15
6Q = 105-15
6Q=90
Divide both side by 6
6Q/6 = 90/6
Q= 15
The quantity that will maximise profit is 15