Answer:
$21,150
$15,900
Explanation:
The computation of the warranty expense is shown below:
= Sales × given percentage
= $1,410,000 × 1.5%
= $21,150
The computation of the actual costs of servicing products under warranty during the year is shown below:
= Opening balance of estimated Liability account + warranty expense - ending balance of estimated Liability account
= $13,050 + $21,150 - $18,300
= $15,900
Answer:
$270 per unit
Explanation:
The computation of the planned selling price is shown below:
= Total cost + Total cost × markup percentage
= $225 per unit + $225 × 20%
= $225 per unit + $45 per unit
= $270 per unit
We simply added the total cost and the total cost based on the markup percentage so that the correct selling price can come
All other information which is given is not relevant. Hence, ignored it
Answer:
company B
company B
Explanation:
A company has comparative advantage in production if it produces at a lower opportunity cost when compared to other companies.
Opportunity cost of producing cell phones
company A = 100 / 50 = 2
company B = 200 / 150 = 1.3
The opportunity cost of company B is lower than that of company A. Company B has a comparative advantage in the production of cell phones
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Company B produces 200 computers while company A produces 100 computer. Company B has an absolute advantage in the production of computers
Answer: C)
Explanation:
A dealer in British pounds is considering a person who is buying British pound( or any other currency) deposit in a bank that is located in Great Britain( or somewhere else, depending on currency).
If a dealer knows that the pound is about to appreciate it is good for him to lower his bid price and his ask price which are both considering share of stock. The bid price is referring to the price that someone who is buying is wanting to pay and the ask price is referring to selling price that someone will also want to take.
<span>anonymous 2 years ago</span><span>A company launched four new products. The market price, in dollars, of the four products after different number of years is shown below:
The price of which product will eventually exceed all others?</span>
