Answer: $651,000
Explanation:
From the above question, Apple's iPod carries a two-year warranty against manufacturer's defects.
warranty costs are expected to be approximately 3% of sales.
Total sales are $30.7 million, and actual warranty expenditures are $270,000.
Total warranty cost = $30.7 million x 3% = $921,000
During the 1st year only $270,000 of warranty expenses was made.
Therefore the company will carry as liability at the end of the year a total of $921,000 - $270,000 = $651,000
Answer:
False.
Explanation:
Self-concept describes the kind of person or personality an individual thinks he or she has.
People that have a realistic self-concept about themselves basically see themselves as they are, not what they or the society at large wants them to be.
The statement that a person with a poor self-concept is more likely to be hired for a position, because they are easier to “mould” is false and an absolutely incorrect notion.
First of all, no organization is interested in hiring an individual with a poor self-concept because they can't add any value to the organization in the long-run.
Answer:
AFS 2004 market price decline exceeded 2005 market price recovery
No No
The security cannot be classified as available-for-sale because the unrealized gains and losses are recognized in the Income Statement. Unrealized gains and losses on available-for-sale securities are recognized in owners' equity, not earnings.
The second part of the question is somewhat ambiguous. The 2004 price decline could exceed or be exceeded by the 2005 price recovery. The loss in the first year is not related in amount and does not constrain the realized gain in the second year.
The way to answer the question is to read the right column heading as implying that the earlier price decline must exceed the later price recovery. With that interpretation, the correct answer is no.
For example, assume a cost of $10 and a market value of $4 at the end of the first year. An unrealized loss of $6 is recognized in earnings. During the second year, the security is sold for $12. A realized gain of $8 is recognized-the increase in the market value from the end of the first year to the sale in the second year. Thus, the market decline in the first year did not exceed the recovery in year two. (It could have exceeded the recovery in year two but there is no requirement that it must.)
Explanation:
Answer:
A
Explanation:
In the accounting process extracting a trial balance is the final step.
Answer:
Access management
Explanation:
The "access management" component deals with the management and control of the ways entities are granted access to resources.
Access management regulates the ways and methods entities are granted access to resources. It determines which user is able to access the resources.
