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
NikAS [45]
4 years ago
5

Excom sells radios and each unit carries a two-year replacement warranty. The cost of repair defects under the warranty is estim

ated at 5% of the sales price. During September, Excom sells 100 radios for $50 each. One radio is actually replaced during September. For what amount in September would Excom debit Product Warranty Expense?
Business
1 answer:
Vladimir [108]4 years ago
4 0

Answer:

$150

Explanation:

The Warranty Expense account is a liability account and it must include all the estimate costs associated to the merchandise sold:

100 radios were sold and the company estimates to replace 5% or them = 100 x 5% = 5 radios

the cost of replacing 5 radios = 5 radios x $30 per radio = $150

You might be interested in
If individuals pursue their own interests when participating in the markets, per Adam Smith, those individuals are being guided
docker41 [41]

Answer:

Self Interest & Invisible Hand of Laissez Faire Policy

Explanation:

Adam Smith Laissez Faire Policy - suggests that free markets are the best approach for welfare maximisation of a society, based on self interest guiding best decisions by individuals, and individual wealth & welfare maximisation implies society wealth & welfare maximisation.

The Invisible Hand of free markets corrects all the discrepancies (if any), re-guides self interest forming the basis of over all social interest. Government intervention is unnecessary & distortionary as per the theory

7 0
4 years ago
The basic message of _____ is that potential world production is greater with unrestricted free trade than it is with restricted
antiseptic1488 [7]
Lets talk about all the terms. First of all, zero-sum game theory and rational choice theory are mathematical theories that are used to analyze financial phenomena. The first one is against this view and the second one is a general framework that does not say what its stance is; it is certainly not the basic message of rational choice theory. The mercantilist theory is a theory that favors trade restrictions, so this is not the right choice. THe theory of absolute and comparative advantage are related; the first one says that only a country can make a product in a good way, while the second theory claims that eeach country should specialize in what it is best at producing. The comparative advantage theory makes the case that if there are many goods, one should not need to bother to produce those which he is bad at producing; he should produce a surplus of his specialty and then trade with others (and their specialty products). Thus, comparative advantage is the correct choice.
3 0
4 years ago
I’m two to four sentences, explain economics of scale.
schepotkina [342]
These occur whenever a firm's marginal costs of production diminishes. they could result from change on a macroeconomic level, reducing burrowing costs. or new infrastructure
5 0
3 years ago
A researcher plans to evaluate a new reading program by measuring students’ reading skill before and after the program begins. I
ser-zykov [4K]

<u>Answer:</u>

A researcher plans to evaluate a new reading program by measuring students’ reading skill before and after the program begins. If all the students have high reading skills scores before the program begins, then the measurement procedure has a sensitivity problem known as a "ceiling effect".

<u>Explanation:</u>

The effect which happen if a large proportion of topics on the observed variable have the maximum scores in a study is understood as "ceiling effect". This allows segregation impossible between subjects at the top end of the scale. Exam paper, for instance, will result in 50 percent of students scoring 100 percent. The restriction of calculation happens when the highest score achievable or near to the highest score on a test or measuring device is reached, thus reducing the risk that the test device has correctly calculated the expected domain.

4 0
4 years ago
What experience would least demonstrate to an employer that you have the skills to be an assistant to a newspaper reporter?
liberstina [14]
<span>Any sort of skill or experience that demonstrates talents, or lack thereof, that contradict the necessary skills and inclinations of a reporter. These would include illiteracy, disorganization, lack of curiosity, excessive shyness, failure to follow through or follow up, naivete or blind allegiance, and dishonesty.</span>
5 0
4 years ago
Other questions:
  • __________ gathers information about competitors that allows managers to anticipate competitors' actions rather than merely reac
    15·1 answer
  • What do students buy when they pay tuition
    7·2 answers
  • Which of the following is NOT a means by which information improves decision making?
    5·1 answer
  • Uriah received the following interest payments:Interest of $400 on an overpayment of a previous year's Federal income taxesInter
    6·1 answer
  • Cooper Grant is the president of Acme Brush of Brazil the wholly owned Brazilian subsidiary of U.S.-based Acme Brush Inc. Cooper
    12·1 answer
  • 1) The defect rate for your product has historically been about 2.00%. For a sample size of 300, the upper and lower 3-sigma con
    9·1 answer
  • A firm presents a market value balance sheet and a book value balance sheet to prospective investors. What is wrong with using t
    5·1 answer
  • Which of the following include the Market Structure
    7·2 answers
  • Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the pr
    5·1 answer
  • Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!