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3 years ago

_____ means the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

1 answer:

5 0

Product Liability Law is the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

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In 2018, Ryan Management collected rent revenue for 2019 tenant occupancy. For financial reporting, the rent is recorded as defe

Tema [17]

Answer:

The Journal entries are as follows:

(i) In 2018,

Income Tax Expense A/c Dr. $24

Deferred Tax Assets A/c ($40 × 30%) Dr. $12

To Income Tax Payable ($120 × 30%) $36

(Being income tax and deferred tax recorded for 2018)

(ii) In 2019,

Income Tax Expense A/c Dr. $45

To Income Tax Payable ($140 × 30%) $42

To Deferred Tax Assets ($10 × 30%) $3

(Being income tax and deferred tax recorded for 2019)

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4 years ago

Yakov lives in San Diego and runs a business that sells boats. In an average year, he receives $704,000 from selling boats. Of t

Stolb23 [73]

Answer:

Yakov's explicit costs are the monetary costs that he pays while running his business:

Payment to manufacturer: $404,000

Wages and utility bills: $286,000

Total explicit costs: $690,000

Yakov's implicit costs are his opportunity costs, in other words, the things he gives up in order to run his business:

Rent he would get for his showroom: $3,000

Wage he would get as an accountant: $20,000

Total implicit costs: $23,000

Yakov's accounting profit is equal to revenue minus total explicit costs:

Accounting profit = $704,000 - $690,000

= $14,000

Yakov's economic profit is equal to revenue minus total costs (the sum of implic costs and explicit costs)

Economic profit = $704,000 - $713,000

= ($9,000)

Despite the fact that Yakov is not earning an economic profit selling boats, as an accountant, he would give up on the $704,000 that he is been making from selling boats. For that reason, he should keep the boat selling business.

7 0

3 years ago

Evaluate the costs and benefits associated with achieving iso 9000/9001 certification status for a specific product- or service-

Nataliya [291]

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8 0

4 years ago

The normal time for a repetitive task that produced two work units per cycle is 3.0 min. The plan uses a PFD allowance factor of

VLD [36.1K]

Answer:

A.- 3.45 min to produce two work units

B.- In a 8-hout shift at standard performance 274 work units are produced

Explanation:

The Standart tiem per piece would be:

$StandardTime=NormalTime*(1+PFD)$

Given your numbers it will be:

$3 * (1 + 0.15)= 3.45$

This is the time per cycle to produce 2 work units

Now, in an 8 hours shift there are 480 minutes. Dividing between the standard time of a cycle we get the standard performance

$\frac{480}{3.45} = 137.14$

Rounding, we will be getting 137 cycles

Lastly, because each cycle produce 2 work units we are having a total of 274 Units

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3 years ago

Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?

tatiyna

The Office of Special Education and Rehabilitative Services is the agency responsible for approving a state's special education plan and releasing the IDEA funds accordingly. These offices also help schools understand the services and responsibilities. These services help with those who have a learning disability or need specialized attention/help in school.

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4 years ago