Answer:
The answer options are:
A. 90 days
B. 1 year
C. 4 years
D. 6 years
Explanation:
FINRA Rules prescribe that broker/dealers preserve for a period of not less than 6 years after the closing of any customer's account, any account cards or records which related to the terms and conditions with respect to the opening and maintenance of the account.
Explanation:
This question is imprecise, because the reason for the existence of business is to satisfy the needs of consumers, being characterized as an economic activity whose main objective is to generate profits.
Therefore, the economic needs of society are not met by companies at the expense of the suffering imposed on their customers, since the goods and services produced exist to satisfy the human needs necessary for a better quality of life.
It is also important to emphasize that, currently, there is a new interaction between company and consumer, where there is a much more direct relationship, where there is a social demand that companies be much more than just profitable entities, consumers expect companies to exercise a social role of contributing to the social and environmental development of the macroenvironment in which it is inserted. Therefore, a company that does not exercise corporate governance in the globalized world, has little conditions to remain in the market in the long run.
Answer:
1) 390 warranty expense
2) 390 warranty liability
3) zero as the amount is deducted from the liability
Explanation:
the warranty expense was determinated using an allowance of 3% of the sale:
$ 13,000 x 3% = $ 390
the warranty liability will be created for the same amount
On 2018 it will decrease the liability against inventory It will not recognize a warranty expense.
I would go with C. Approach the Federal Trade Commission
