Answer:
B- Establish and document a quality management system to comply with ISO 9000.
Explanation:
Establish and document a quality management system to comply with ISO 9000. ISO 9000 is a quality management standard which helps the organizations to ensure that they meet the customer requirements while meeting the regulatory requirements related to the product. In the above case, as the company wants to establish international standard for quality, establishing a quality management system to comply with ISO 9000 would be appropriate.
Answer:
Warranty repair Expense (Dr.) $200
Warranty Payable (Dr.) $200
Explanation:
The warranty expense is the estimate of probable expense that will incur due to fault in the product. The estimated repair is the 4% of skates sold. If 500 pairs of skates are sold then out of them 4% will require repair. The repair for the faulty skates will cost $10. The total cost will be $200,
500 pairs of skates * 4% * $10
The statement, "Common stock is a vehicle for selling ownership and another way to raise money for operations, expansion, or other business needs" is true.
<u>Explanation:</u>
Common stock is a distribution tool and a way to raise capital for investment, business growth or other company needs.
Common stock is a kind of company holding, a type of safety. In many other regions of the world, the terms polling share and prevalent share are frequently were using.
The "common stock" is used mainly in the USA. These are classified as shareholdings or common shares in the United Kingdom and other Commonwealth.
It means that one common stock share constitutes percentage equity of a corporation. In certain words, this is a way to split the assets of a corporation.
For example, if 100 shares were taken out, one share would amount to one percent of the company's intellectual property.
Answer:
$58,800
Explanation:
The computation of the ending balance of Allowance for Doubtful Accounts is shown below:
= Ending balance of account receivable × estimated percentage
= $980,000 × 6%
= $58,800
By multiplying the ending balance of account receivable with the estimated percentage we can get the ending balance of Allowance for Doubtful Accounts could arrive
Answer:
A. the want-satisfying power of a good or service.
Explanation:
Utility meaning the want that satisfies the consumer after consuming the product or service. It directly impacts the demand of the product and the price of the good and service that are offered by the company to the consumer
Therefore according to the given option, the options A is correct and the same is to be considered