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larisa86 [58]
2 years ago
15

Me: Ryan needs help with Accounting as soon as possible. Ryan wrote:

Business
2 answers:
saul85 [17]2 years ago
6 0

Answer:

$54000 ( A )

Explanation:

number of unit sales = 3600

estimated warranty repairs average = $15 per unit

note : 40 percent of repairs will be made in year 1

           60 percent repairs will be made in year 2

Total warranty expense = ( 3600 * $15 ) = $54000

In the income statement for year 1 the whole warranty expense is recorded

this is because the total warranty expense is needed to balance the accounts as accounts deductible instead of adding the remaining 60 % to accounts receivable,

enot [183]2 years ago
3 0

Answer:

The answer will be below;

Explanation:

a.$54,000

(3,600*15)

The warranty expense is estimated and it is probable that an outflow of $54,000 will be incurred. Therefore in first year, the whole warranty expense is recorded for both the years. As per definition of provision; it is present obligation as a result of past event, outflow is probable and amount of outflow can  also be easily estimated.

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A registered representative wishes to give a speech to a group of 35 potential retail clients at a restaurant. The speech is scr
maksim [4K]

Answer:

Prior principal approval must be obtained and a copy of the speech must be retained in your firm's Office of Supervisory Jurisdiction

Explanation:

Because the speech is to be givento 35 attendees, it is under the Retail Communication. Every speech should be honest and of good taste; and the speech must be informational, but far from promotional.

It is not required that the speech content has to be pre-filed with the SEC. A copy must be kept a period of f 3 years for inspection by FINRA examiners. The speech script would be kept on file in the firm's supervisory compliance office that is the Office of Supervisory Jurisdiction.

3 0
3 years ago
Exercise 5-66 Bad Debt Expense: Percentage of Credit Sales Method Gilmore Electronics had the following data for a recent year:
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Answer:  Debit Bad debt expense $11,264, Credit Allowance for bad debt $11,264; Debit Allowance for bad debt $9,650, Credit Accounts receivable $9,650.

Explanation: Percentage of credit sales method means bad debt expense expressed as a percentage of sales.

The estimated bad debts rate is 2.2%, which translates to 2.2% of $512,000 (credit sales) = $11,264. The firm has to record this, being the estimated bad debts rate, as Debit to bad debt expense and Credit to allowance for bad debt. However, accounts receivable that was deemed uncollectible is $9,650. This amount would be taken out from the buffer in allowance account by debiting allowance for bad debt and crediting accounts receivable.

5 0
3 years ago
If we use Country A as the base country to calculate a cost-of-living index comparison to Country B and the index number is posi
arsen [322]

Answer:

Greater than

Explanation:

Answer 1:

If the index number used to calculate prices is positive, then it shows that price level in country B is greater than the price level in Country A which is used as the base year. Thus, the blank can be filled by Greater than.

 

PPP adjusted GDP in this case in country B will be less than its nominal GDP as price level is higher.

8 0
3 years ago
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your client katrina is ready to close on her new home, but when you checked yesterday, the seller still hasn't dealt with the fo
garik1379 [7]

The broker's professional services are covered under an employment contract, is the answer. The listing serves as the seller's employment contract with the broker.

An action that would the otherwise be taken or not taken would be affected by a material fact, according to a reasonable person. As the seller doesn't have to worry about employment the bank will approve your loan, the Sam Heskel, president of Nadlan Valuation, an appraisal management company in broker, New York, believes that a cash offer is typically more alluring than a finance offer. The buyer's agent is an employee of one the firm.

To learn more about broker, click here.

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3 0
1 year ago
A new Gulf Coast casino plans to hire over 1,000 employees for its new resort. The casino's HR department requires applicants to
slavikrds [6]

Answer:

Pre-employment screening process

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Pre-employment screening refers to the process of investigating the backgrounds of potential employees and is commonly used to verify the accuracy of an applicant's claims, such as previous employment, as well as to discover any possible criminal history, workers compensation claims, or employer sanctions.

3 0
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