Answer:
1.Dr Cash 25,000
Cr Sales revenue 25,000
2. Dr Warranty expense 2,500
Cr Warranty liability 2,500
3.Journal entry for actual warranty expense
Dr Warranty liability 500
Cr Cash 500
Explanation:
Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.
1.Dr Cash 25,000
Cr Sales revenue 25,000
(50*500)
2. Dr Warranty expense 2,500
Cr Warranty liability 2,500
3. Dr Warranty liability 500
Cr Cash 500
Answer:
D
Explanation:
ERP , an acronym for Enterprise resource Planning is a system adopted by organization to integrate different parts of the business either in real time or through software.
It has so many advantages towards business growth as well as limitations.
Of the listed options in the question ,the only exception to its limitation is that it may require procedures and reports to be standardized across business units, This is more of benefit than limitation.
Answer:
1,200 shares held at a cost basis of $37.50
Explanation:
Since there are 1,000 shares are purchased
and the stock dividend is 20%
So the number of shares after the dividend is
= 1,000 × (1 + dividend percentage)
= 1,000 × (1 + 0.20)
= 1,000 × 1.20
= 1.200
And, the price per share is
= $44 + $1
= $45
So, the cost basis would be
= $45 ÷ 1.20
= $37.50
hence, the tax status of the investment is 1,200 shares held for cost at $37.50 basis
Read the fine print, if it says “after signing, this contract is final.” Then Otto is screwed, because he must pay the $50,000
Or, Otto could hire a lawyer to fight it in court
Hope this helped ♥︎
Answer:
The correct answer is letter "E": competitive intelligence.
Explanation:
Competitive intelligence refers to gathering and analyzing corporate information that could affect a firm's competitive advantage. Thanks to the information gathered companies can mirror other institution's good practices to increase efficiency and effectiveness, thus, revenue.
