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3 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 act that directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products. Hope this helps.

koban [17]3 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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Parent Inc. purchased 30% of the common stock of Affiliate Co. on January 1, YR01 for $5,000 and appropriately accounted for thi

blondinia [14]

Answer:

net cash from investing activities = -$4,940

operating and financing activities are not affected.

Explanation:

the journal entries should be:

January 1, socks purchased

Dr Investment in Affiliate 5,000

Cr Cash 5,000

December 31, dividends received

Dr Cash 60

Cr Investment in Affiliate 60

December 31, Affiliate reports net income

Dr Investment in Affiliate 300

Cr Revenue from investing activities 300

Only the cash flow from investing activities will be affected by Parent's investing in Affiliate. Since the company uses the equity method, the operating and financing cash flows are not affected.

The cash flow from investing activities will:

Decrease by $5,000 due to the purchase of stocks.
Increase by $60 due to the dividends received.
net cash from investing activities = -$4,940

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3 years ago

The following selected information is from Princeton Company’s comparative balance sheets. At December 31 2017 2016 Common stock

lukranit [14]

Answer:

Princeton Company

The T-accounts are attached.

Explanation:

They can also be obtained as follows:

1. T-accounts to calculate the Cash received from the sale of its common stock during 2017:

Common Stock & APIC

Closing balance of common stock = $131,000

Closing balance of APIC = $593,000

less Opening balance of common stock = $126,000

less Opening balance of APIC = $355,000

Cash collected = $243,000

2. T-account to calculate the cash paid for dividends during 2017:

Retained Earnings:

Opening balance = $313,500

Add net income = $61,000

Less closing balance = $339,500

Cash Dividends paid = $35,000

Download xlsx

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3 years ago

Leisure Industries manufactures custom-designed playground equipment for schools and city parks. Leisure expected to incur $ 62

inn [45]

Answer:

Price= $85263,6

Explanation:

We need to calculate the price paid by the City of Hamptonville for playground equipment.

We know the following information:

Direct material= $13000

Direct labor= 160hours*$22hour= $3520

Manufacturing overhead: it is assigned on labor hours.

We need to calculate the value of manufacturing overhead.

Labor hours presupuested= $41800/$22hour= 1900hours

$/hour of manufacturing overhead= $627000/1900hours= $330

Manufacturing overhead Job 309= 330*160hours= $52800

Manufacturing cost Job 309= direct material + direct labor + Manufacturing overhead= 13000 + 3520 + 52800= $69320

Price=69320*1.23= $85263,6

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3 years ago

Marcy and Liz developed a new jewelry design. They were fortunate to get the attention of a large online retailer who was willin

snow_tiger [21]

Answer: Exclusive distribution

Explanation:

Exclusive distribution is defined as the agreement in which a parties involved are manufacturer and distributor.It states that the particular distributor cannot sell their service or item to any other party .It binds the agreement that product can be sold to the exclusive distributor.

According to the situation mentioned in the question, designers are asked for exclusive distribution by the retailer.Retailer does not wants that design of jewelry to be sold through any other source or retailer for effective sale.Thus agreement upon this matter is proposed by the retailer.

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Answer:

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3 years ago