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3 years ago

In Florida, if a new vehicle is in the shop for 15 days or less during the first year the car is considered a lemon.

1 answer:

5 0

That statement is False

The lemon law in Florida stated that the vehicle is considered a lemon if :

- Out for repairs for at least 30 days
- out of service for repairs for 15 calendar days
- Have to went for 3 times repairs for the same defect

Staying in the shop does not mean that the vehicle is out of service. so it does not meet the clause

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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: C

12345 [234]

Answer:

$4,400

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.

Deposits in transit at month-end $ 1,900 - No adjustments required

Outstanding checks at month-end $ 570 - No adjustment required

Bank service charges $ 30 - To be deducted

EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted

An NSF check returned on a customer account $ 315 - To be deducted

Adjusted cash balance = $5,225 - $30 -$480 - $315

=$4400

3 0

3 years ago

Power Pumps produces a variety of commercial sump pumps. One of their models—Mighty Mo—is produced in a small plant in Missouri.

mojhsa [17]

Answer:

1000

Explanation:

The economic order quantity is given by the formula = Square root of [ (2 * D * S ) / (H) ]

D = Annual Demand = 2000*6=12000 numbers (six rotor for each pump)

S = Unit Order Cost = $ 250 / order

H = Inventory Holding Cost = 10% of Unit Cost = 10% of 60 = $ 6

The economic order quantity is given by the formula = Square root of [ (2 * D * S ) / (H) ]

Economic Order Quantiity = Squareroot of { (2 * 12000 * 250) / (6) }

Economic Order Quantiity = Squareroot of { 1,000,000 }

Economic Order Quantiity = 1000 numbers.

4 0

3 years ago

Question 13 (5 points)

ANTONII [103]

Answer:

Improved education is the key to economic development.

Explanation:

What is development without education, then we will just go back to the Savage civilization, education is fundamental in our professional and personal life, it deals with everything. Like industrialization, cooking, economic development and everything else. So for sustainable development for a developed or developing country one needs education to become skilled and help in the development of ones country

4 0

2 years ago

If during 2011. the country of Sildavia recorded a GDP of $65 billion. interest paymentsof $15 billiorn imports of $13 billion.

Helen [10]

Answer:

B. $36 billion

Explanation:

Since we were asked to calculate Wages. We can't use the Expenditure method of GDP. Method to be used would be the Income approach. In doing so, the values of export and import would be excluded. Therefore,

Given that

GDP = 65 billion

Profits = 7 billion

Rent = 7 billion

Interest payments = 15 billion

Recall that,

GDP = sum of income earned (profits, wages, rents, interests)

Thus,

Wages = GDP - Profits + rents + interests

= 65 - (15 + 7 + 7)

= 65 - 29

= 36 billion

Hence, wages during 2011 was $36 BILLION.

Note: Parameters used are based on the information in the question. It is important to note that income earned when using income approach could be more than the 4 stated parameters of wages, rent, profits and interests.

6 0

3 years ago

Outsourcing decision:-Walker, Inc. currently manufactures 4,000 motors for its electric scooters annually. Direct material costs

user100 [1]

Answer:

Walker shall continue to make such motors as there will be savings of $5,600

Explanation:

Variable cost per unit

Direct material = $44,000/4,000 = $11

Direct labor cost = $16,000/4,000 = $4

Variable overhead = $5

Total variable overhead = $20

Total Fixed cost = ($18 - $5) $\times$ 4,000 units = $52,000

Total cost of manufacturing = $52,000 + $20 $\times$ 4,000

= $52,000 + $80,000 = $132,000

In case of buying

Fixed cost = $52,000 $\times$ 80% = $41,600

Variable cost = $24 $\times$ 4,000 = $96,000

Total cost in case of buying = $137,600

Since the cost of buying motors is expensive than manufacturing, Motors shall be manufactured by Walker Inc.

In that case it saves = $137,600 - $132,000 = $5,600

7 0

3 years ago