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Sergeeva-Olga [200]
3 years ago
10

Right Medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. Based on industry exper

ience with similar product introductions, warranty costs are expected to approximate 1% of sales. Sales were $27 million and actual warranty expenditures were $33,750 for the first year of selling the product. What amount (if any) should Right report as a liability at the end of the year?
Business
2 answers:
wlad13 [49]3 years ago
5 0

Answer:

$236,250

Explanation:

Warranty liability

Beginning balance Cr $270,000 warrant expenses

Dr Actual expenditure $33,750

Dr End balance $236,250

The estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty were sold.

Therefore liability of $236,250 will be reported.

Warranty expense (1% × $27,000,000)

=$270,000

Sloan [31]3 years ago
3 0

Answer:

$236,250

Explanation:

Given

Expected warranty costs = 1% of sales

Actual Sales = $27 million

actual warranty expenditures = $33,750

To determine liability amount (if any)

First calculate the warrant expense

Warrant expense = 1% of $27000000

= $270,000

Liability cost = expense - expenditure

= $270,000 - $33,750

= $236,250

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Integrated marketing communications (IMC): Group of answer choices is typically overseen by a marketing communications director
makvit [3.9K]

Integrated marketing communications (IMC): "Refers to the coordination of all promotional activities to produce a unified, customer-focused promotional message."

<h3>What is Integrated marketing communications (IMC)?</h3>

IMC is described as "a planning process meant to ensure that all brand contacts for a product, service, or organisation received by a consumer or prospect are relevant to that person and consistent across time" by the American Marketing Association.

The importance of IMC are-

  • To effectively deliver a single message to both potential and current end users, integrated marketing communication helps integrate all key marketing components.
  • At a low cost, integrated marketing communication can significantly increase consumer brand recognition.
  • Any marketing initiative that employs many channels is considered integrated marketing. For instance, you might see a commercial for a popular new doughnut flavour, then drive by the donut store and see posters of the donut.

To know more about integrated marketing communications (IMC), here

brainly.com/question/20595921

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6 0
2 years ago
A one-year call option contract on Cheesy Poofs Co. stock sells for $1,330. In one year, the stock will be worth $65 or $86 per
givi [52]

Answer:

$98.02

Explanation:

Data provided in the question:

Value of contract = $1,330

Maximum value = $86

Minimum value = $65

Exercise price = $78

Risk-free rate = 3%

Now,

Current value of stock = (\frac{\text{Maximum value-Minimum value}}{\text{Maximum value-Exercise price}}\times\text{Call price})+(\frac{\text{Maximum value }}{\text{1+Risk-free rate}})

also,

a standard contract has 100 shares

thus,

Call price = Value of contract ÷ 100 shares

or

Call price = $1,330 ÷ 100  = $13.30

Thus,

Current value of stock = (\frac{\text{86-65}}{\text{86-78}}\times\text{13.30})+(\frac{\text{86}}{\text{1+0.03}})

or

Current value of stock = ( 2.625 × $13.30 ) + $63.1068

= $98.0193 ≈ $98.02

6 0
3 years ago
You are writing a feasibility report about the possibility of an office site in Cambridge consolidating with your Boston site. W
spayn [35]

Answer:

A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.

How a feasibility report should be written:

1. Write a Project Description. At this step, you need to collect background information on your project to write the description. ...

2. Describe Possible Solutions. ...

3. List Evaluation Criteria. ...

4. Propose the Most Feasible Solution. ...

5 Write a Conclusion.

Explanation:

The feasibility report will look at how a certain proposal can work on a long-term basis or endure financial risks that may come. It is also helpful in recognizing potential cash flow. Another important purpose is that it helps planners focus on the project and narrow down the possibilities.

A feasibility report is a document that assesses potential solutions to the business problem or opportunity and determines which of these are viable for further analysis.

3 0
3 years ago
Data mining can support the marketing function by: a. Eliminating the need for a firm to have a billing department b. Billing th
ohaa [14]

Answer:

D. Using customer's past purchase history to send information about related products and services the customer may be interested in

Explanation:

Data mining is the process whereby large pre existing databases are examined with the aim of generating new information. It is the extraction of usable data from a larger set of data. Company usually use this process to turn raw data into useful information that can be applied to their daily activities.

In the case of marketing, data mining helps in extracting useful information from a customer's purchase history in order to identify useful information on goods or services the customer may be interested in or attracted to.

3 0
3 years ago
A manufacturing plant is trying to determine standard production per day for an incentive program. Suppose that the incentive pr
raketka [301]

Answer:

He would receive $15 under incentive plan.

Explanation:

The given values are:

Average observed time

= 280 seconds per unit

Performance rating

= 105%

i.e.,

= 1.05

Allowance factor

= 13%

i.e.,

= 0.13

So,

⇒  Standard \ time = \frac{(Average \ observed \ time\times Performance \ rating)}{1-Allowance \ factor}

On putting the estimated values, we get

                             =\frac{(280\times 1.05)}{(1-0.13)}

                             =\frac{294}{0.87}

                             = 337.93 \ seconds

The available time will be:

= (8 \ hours\times 60 \ min/hr\times 60 \ sec/min)

= 28800  \ seconds

Now,

The Standard production per day will be:

= \frac{Available \ time}{Standard \ time}

= \frac{28800}{337.93}

= 85.22 \ units

Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.  

So that he's going to get:

= 15\times 1

= 15 ($)

8 0
3 years ago
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