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2 years ago

Which act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products?

2 answers:

7 0

The correct answer that would best complete the given statement above would be the term WARRANTY. "The Magnuson-Moss Warranty Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products". This is the <span>act that directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products. Hope this helps.</span>

koban [17]2 years ago

3 0

Answer: Warranty

"The Magnuson-Moss Warranty Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products

Explanation:

Warranty refers to a legal promise made by manufacturers in order to assure customers the quality of their product. It is usually in written form stating the terms of the guarantees, fix and repair of any damages, the service coverage of the products and so on. However, it specifies a particular period of time during which all these can be done which start from the date of purchase.

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According to a summary of the payroll of Guthrie Co., $560,000 was subject to the 6.0% social security tax and the 1.5% Medicare

Sunny_sXe [5.5K]

Answer and Explanation:

a. The computation of an employer's payroll taxes is shown below:-

Employer's payroll taxes = Social Security tax payable + Medicare tax payable + State Unemployment tax payable + Federal Unemployment tax payable

= ($560,000 × 6%) + ($560,000 × 1.5%) + ($60,000 × 0.6%) + ($60,000 × 0.6%)

= $33,600 + $8,400 + $3,240 + $360

= $45,600

b. The Journal entry is shown below:-

Payroll tax expense $ Dr, $45,600 -

To Social Security tax payable $33,600

To Medicare tax payable $8,400

To State Unemployment tax payable $3,240

To Federal Unemployment tax payable $360

(Being accrual of payroll taxes is recorded)

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2 years ago

Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on Decem

tino4ka555 [31]

The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.

<h3>What is Retained Earnings?</h3>

Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.

The retained earning is used in the future projects or for buying the equipment for the company.

Learn more about retained earnings here:

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2 years ago

The introduction of a union into an industry

Lemur [1.5K]

Answer:

Option A (Raises wages and employment in that industry)

Explanation:

A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.

Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.

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Which of the following is a false statement?

astraxan [27]

D) All states have a flat state tax.

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Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a

alukav5142 [94]

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2 years ago