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2 years ago

Indicate the proper accounting treatment for a change in the rate used to compute warranty costs.

Business

1 answer:

Lana71 [14]2 years ago

7 0

Answer:

a. Accounted for prospectively

Explanation:

Warranty cost is an expense i.e. to be incurred for the repair or replacement of the goods comes under the warranty given by the company.

Here if there is a change in the rate i.e. used for determining the warranty cost so it would be accounted in prospectively manner i.e. it would be changed in the current period and also the amount should be estimated or predicted

Hence, the correct option is a.

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The stock went down 4.8%

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5.95-6.25 / 6.25 * 100

-.3/6.25 *100

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3 years ago

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Q 6.20: Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and orig

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3 years ago

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Answer:

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Explanation:

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2 years ago

You are a senior analyst in the marketing research department of a major steel producer. You have been requested to make a forec

blondinia [14]

Answer:

descriptive study.

Explanation:

Descriptive study is designed to explain the distribution of one or more variables in relation to any cause or other hypothesis.
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3 years ago

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Answer:

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3 years ago