Answer: 7 years
Explanation:
There are 50 lights and it will cost $50 to replace each light.
Total replacement cost is therefore;
= $2,500
The company gets to save $350 per year if they use LED bulbs.
= 2,500/350
= 7.14 years
= 7 years
Answer:
b) false
Explanation:
OKR is a goal-setting method used by companies. It is impleemented using following steps
- Communicate the OKR
- Choose a tool used for OKR
- Organize the Company's OKR
- Set the company's OKR
- Set every single OKR for teams, departments and Individuals
- Make the changes in OKR if required
- Approve the OKR
- Evaluate the OKR at each period end.
So, the OKR cannot be implemented in a single step and it requires multiple steps.
Hence the given statement is false.
Answer:
The loan officer takes the following steps (not necessarily in this order) to assess the creditworthiness of the borrower:
- Run a credit report using any of the major credit reporting agencies like TransUnion, Experian or Equifax.
- Obtain accounts receivable aging reports.
- Check references.
- Conduct a gut check using creative investigative methods.
Explanation:
There are some factors that can affect creditworthiness or credit score such as: bill payment history, which comprises 35 percent of the total credit score and the most important factor in calculating credit scores, the level of debt, credit history age, types of credit on a report and number of credit inquiries, credit utilization, length of credit history. There are five “C's” to consider during a credit risk assessment: character, capacity, capital, condition, and collateral. Whether a sale is a domestic or international transaction.
The main factor lenders consider in determining a person's creditworthiness is investigation of a person's income, current debts, personal life, and past history of borrowing and repaying debts, capacity to pay, character, and any collateral you may have for loan guaranteed only by a promise to repay.
Answer:
$103,680
Explanation:
estimated warrant liablity 3% of unid sold at $144
24,000 x 3% x 144 = $103,680
This will be the expected warranty laiblity for the sales of the period, and also the warranty expense.
warranty expense 103,680
warranty liability 103,680
warranty liability 47,000
inventory 47,000
to record warranty services
(we use inventory because the company use replacement part, those par are represented in inventory account)
<u>Warrant liablity account</u>
beginning balance 26,000
warranty expense 103,680
warrant serviced (47,000)
ending balance 82,680
Answer:
The answer of each requirement is given below.
If they are "costs" why are they recorded in asset accounts and not expense accounts?
These cost are future expense. As per accounting rules expense is recorded against any purchase when benifit from it is taken, The benifit from stock is taken when it is sold. So RM, WIP and FG are cost accounted as asset as they are still in pipeline and is to be sold in future.
2) Do these product costs ever become an expense to the company?
Yes, these cost become expenses when final goods are sold. Untill sale they are company asset, as asset is something from which future economic benifit is to taken or derived.
