Answer:
D.
Explanation:
If you improve product performance more people would want to buy the one with improved performance.
Answer:
$270,000
Explanation:
The computation of the initial outlay of the project is shown below:
The initial outlay of this project = Purchase Price of the Asset + Installation Costs + Shipping cost + Investment in Working Capital
= $200,000 + $15,000 + $5,000 + $50,000
= $270,000
We simply added the purchased price, installation charges, shipping cost and the investment in working capital so that the initial outlay could come
The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The result will be an increase in output, but not in the price, of the product. This is further explained below.
<h3>What is a
product?</h3>
Generally,
In conclusion, The market is in a state of long-term balance. There is currently a drop in typical salaries and the economy is entering a recession. As a consequence, production will rise without corresponding increases in cost.
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Answer:
$5,354,741
Explanation:
assets:
cash $3,290,558
inventory $2,657,360
accounts receivable $577,102
fixed assets $4,019,047
total assets = $10,544,067
liabilities:
accruals $576,944
accounts payable $2,519,541
notes payable $610,904
long-term debt $1,481,937
total liabilities = $5,189,326
equity = assets - liabilities = $10,544,067 - $5,189,326 = $5,354,741
Answer:
the journal entry to record warranty expense is:
Dr Warranty expense 30,000
Cr Warranty liability 30,000
the journal entry to record actual expenses related to product warranties:
Dr Warranty liability 10,000
Cr Cash (or inventory, or wages payable) 10,000
Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.
