1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sineoko [7]
3 years ago
12

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

Business
1 answer:
Lana71 [14]3 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.

You might be interested in
GNI PPP, or gross national income divided by purchasing power parity, helps measure:
Mekhanik [1.2K]

Answer: 1- the standard of living in a country.

Explanation: The standard of living is a measure of the material aspects of an economy. It counts the amount of goods and services produced and available for purchase by a person, family, group, or nation.

The generally accepted measure of the standard of living is GDP per Capital. This is a nation's gross domestic product divided by its population. The GDP is the total output of goods and services produced in a year by everyone within the country's borders. it can also be measured using the gross national income divided by purchasing power parity.

8 0
4 years ago
Which type of shopping is characterized by activities oriented toward a specific, intended purchase or purchases?
IrinaVladis [17]

The type of shopping that is being identified above is acquisitional shopping because this is where consumers have the intention of visiting or going to the store to shop in a way that they would purchase products and acquire for services. It could be seen above as the shopping is characterized because of the consumers will of having to purchase a specific product.

5 0
3 years ago
A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions n
juin [17]

Answer:

Management information

Explanation:

From the question we are informed about instance, whereby A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions need to be made. In this case, The type of information system most likely to provide this type of information would be classified as a Management information. Management information system can be regarded as a an information system that is been used in decision-making as well as in the coordination, control and analysis or visualization of information in an organization.

Studing of management information systems encompass the people as well as the processes and technology as regards an organizational context.

3 0
3 years ago
Specific identification is ______. Multiple choice question. a high-tech security technique for identifying key employees a deta
ELEN [110]

Specific Identification is the accounting record of the transactions of the proposal, that is, an inventory method that tracks which item is actually sold and debits.

<h3>What is specific identification?</h3>

It is an accounting record between income and expenses, used to keep track of identifiable and cost-specific inventory items.

This method gives managers or members of an entity a greater possibility of manipulating profits by identifying units in ending inventory as coming from specific purchases.

Therefore, we can conclude that the specific identification method is to track the cost of each item or category of products in the inventory.

Learn more about specific identification here: brainly.com/question/25056275

6 0
2 years ago
Financing, market research, risk-taking, and other services are considered to be ________ functions.
Artyom0805 [142]

Answer:

Facilitating functions

Explanation:

Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.

They do not involve direct exchange of title of products or physical handing of goods.

For example the activities of marketers of a product results in easy sale of the product by the manufacturer.

Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother

7 0
3 years ago
Other questions:
  • During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
    9·1 answer
  • ​$1,200 is received at the beginning of year​ 1, $2,200 is received at the beginning of year​ 2, and​ $3,300 is received at the
    5·2 answers
  • Suppose Susan owns a business that operates in a market characterized by monopolistic competition. Susan's profit-maximizing pri
    9·2 answers
  • A firm has a debt-to-equity ratio of 1.0. If it had no debt, its cost of equity would be 12 percent. Its cost of debt is 9 perce
    11·1 answer
  • Anne owns a business that trades in perishable commodities. Which property would Anne be interested to invest in? office buildin
    10·1 answer
  • What is land as a factor of production?
    9·1 answer
  • Joint stock companies were organizations meant to establish colonies in the americas by people from
    7·2 answers
  • Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with ter
    11·1 answer
  • When originally purchased, a truck costing BD 23.000 had an estimated useful life of 8 years and an estimated salvage value of B
    14·1 answer
  • Public expenditure on the manufacturing sector will boost economic growth in the industrial revolution 4.0 eras. Justify your an
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!