Given the following parameters:
The company sold $12,000 worth of
bicycles, with an extended warranty.
Average warranty expense is
estimated to be 2% of sales.
The current period's entry to
record the warranty expense is:
Warranty Expense $240
Estimated Warranty Liability $240
Rationale - 12,000 x 0.02 = 240
Answer and Explanation:
A bond premium which is payable on bond is amortized will be amortized with a charge to the premium and an a good representative for intrigue cost, lessening it. On the off chance that amortization isn't recorded, intrigue cost isn't appropriately decreased and is exaggerated. The exaggeration of intrigue cost will bring modest representation of the truth of net gain and a modest representation of the truth of value
It will result in an increase in average inventory as larger batches require more time to be completed.
<h3>What is Operations Management?</h3>
Operations management (OM) is the administration of business practices within an organization to achieve the highest level of efficiency possible. It is concerned with converting materials and labor as efficiently as possible into goods and services in order to maximize an organization's profit.
At its most basic, management is a discipline comprised of five general functions: planning, organizing, staffing, leading, and controlling. These five functions are part of a larger set of practices and theories about how to be a good manager.
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Answer: LAND 3.227,680
BUILDING 806,920
LAND IMPROVEM 134,000
Explanation:
Land 4 0.8 $ 3.227,680
Building 1 0.2 $ 806,920
5 $ 4.034,600
Land Improvement
Parking Lot $ 88,000
Lanscaping $ 46,000
Total $ 134,000
Computation Of Cost Of Land And Building
Purchase Price $ 4.000,000
Add:
Title Insurance Cost $ 22,000
Legal Fees $ 8,000
State Transfer Fees $ 4,600
Demolition of old building $ 310,000
Land Clearing Expenses $ 85,000
Less: Salvage Material $ -9,000
Total Cost Of Land $ 4.420,600
Answer: Ryan's view of job satisfaction is most consistent with the DISCREPANCY HYPOTHESIS
Explanation: THE DISCREPANCY HYPOTHESIS explains job satisfaction that focuses on the inconsistency between facts and sentiments, if any, between what a person wants from a job and how that person evaluates what is actually experienced at work
. This concepts explains that an individual's job satisfaction will come from what they feel is important to them.