Answer:
1.Warranty expense
$ 750
2.Estimated warranty liability
$ 750
3. Warranty Expense $ 0
4.
Estimated warranty liability
$ 626
5. Hitzu Co. Journal entries
Aug 16
Dr Cash 15,000
Cr Sales 15,000
Aug 16
Dr Cost of goods sold 7500
Cr Merchandise inventory 7500
Dec 31
Dr Warranty expense 750
Cr Estimated Warranty liability 750
Dec 31
Dr Estimated warranty liability 124
Cr Repair part inventory 124
Explanation:
1.
Warranty expense 5% of dollar sales
= 5% × $15,000 = $750.
2.
The December 31, 2017, balance of the liability equals the expense because no repairs are provided in 2017. Therefore, the ending balance of the Estimated Warranty Liability account is $750.
3.
The company should report no additional warranty expense in 2018 for this copier.
4.
The December 31, 2018, balance of the Estimated Warranty Liability account equals the 2016 beginning balance minus the costs incurred in 2018to repair the copier:
Beginning 2016 balance $ 750
Less parts cost (124)
Ending 2018 balance $626
Answer:
The Cisco's IX5000 vivid telepresence framework, is substantially more simpler and more reasonable than previously. This telepresence framework is made of 4K ultra-top notch cameras grouped watchfully over three 70-inch LCD screens. The cameras give fresh, top quality video. Theater-quality sound exudes from 18 custom speakers and one ground-breaking subwoofer, making an excellent similar joint effort experience for 8 to 18 individuals. (Laudon, 2017)
This frameworks permits the clients to get a progressively normal sentiments that the more seasoned forms, as a result of its top of the line innovation. The cameras utilized in the framework cancreate pictures that are multiple times bigger that what is expected to fill the screens, and afterward it chops down the pictures to show different members as though they are additionally sitting at the meeting table.
2. With in excess of 5,500 representatives working in nine distinct nations, Produban benefits in excess of 120 organizations in various territories. (Loudon, 2017) Areas that are completely identified with the freshest innovation. This organization is totally committed to the improvement of their innovation and its advancement. Produban utilizes this framework to bring individuals from anyplace on the planet together all together tomake choices and conversations happen exceptionally quicker than previously. Because of the littler space that Cisco's IX5000 takes up, it additionally costs significantly less and utilizes around 50 percent less force use.
Since Produban is continually hoping to boost the development of innovation and to improve it step by step utilizing the most recent telepresence innovation for its own inward functions is the best fit. (Loudon, 2017)
3. Different organizations that may profit by utilizing telepresence administrations are the individuals who are working in the tasks field and have various areas for their organization; like vehicle makers or kitchen item producers and merchants. At the point when an issue happens in one of their areas, the representatives and the proprietors can meet and talk about the issue and unravel the circumstance way quicker and more effectively than previously. Without this framework they would need to make a trip to the area and burn through a great deal of time.
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
Answer: $2,085
Explanation:
Average monthly sales by the three salesperson are;
$125,000
$144,000
$148,000
Therefore, average total monthly sales by the three salesperson equals;
$125,000+$144,000+$148,000 = $417,000
Average total sales per month = $417,000
Monthly commission percentage = 0.5%
Monthly commission = 0.5% × 417,000
(0.5 ×417000) ÷ 100
208500 ÷ 100 = $2085
Monthly commission = $2,085
