At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
d to cost Angel 4% of net sales. Net sales made under warranty in 2021 were $180 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million. The amount of warranty expense on Angel's 2021 income statement is:
The proxy agreement is one of the type of legal or the authorized act which is done of the behalf of another person. By using this type of agreement we can easily done various types of legal formalities in the business management firm.
The proxy agreement should in the written format and specifically signed by the other member or party in the management. The proxy agreement is valid 10 months starting from the the date of issue.
According to the given question, the agreement between the Philip and the Roscoe is basically know as the proxy agreement in the corporation.
<span>Donor countries hope that by giving a lump sum of money to countries, they can fix multiple things and it will ensure that those fixes are effective. If only small amounts are given that don't lead to a long term fix, that means more money is given in the long run. If they can fix their problems by donating a large amount, it could save them money from future donations, make them look better by being generous, and maybe even make money from trade if the country grows.</span>
The opportunity cost would be any other goods and services that now cannot be provided due to the resources used for the performing arts center.
Opportunity cost refers to the value of the next-best-valued alternative use of that resource.
It is also, known as the alternative cost, it is the loss of gain which could have been gained if another alternative was chosen. It can also be explained as the loss of benefit due to a change in choice.
Here the best option would be to use any other goods and services that now cannot be provided due to the resources used for the performing arts center.