The short-term would be as such; keep the income flowing, satisfy customers and have products to supply demand
Medium-term could be anything
Long-term is as such; get a bigger domain than your competition, have great income than your competition and become the best in the business by average standards
Answer:
B. A violation of establishment of responsibility
Explanation:
They both should have established something different to work on but for both of them to work the same cash register, it is a violation of establishment of responsibility
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Answer:
$0.25 per mile
Explanation:
The computation of the depreciation expense per mile under units-of-activity method is shown below;
= (Purchase cost - expected salvage value) ÷ estimated driven miles
= ($26,000 - $1,000) ÷ 100,000 miles
= $0.25 per mile
Hence, the depreciation expense per mile under units-of-activity method is $0.25 per mile
Answer:
September 11 2017
Dr Cash 600
Cr Sales revenue 600
(to record sales revenue on cash)
Dr Cost of good sold 370
Cr Inventory 370
(to record cost of good sold)
Dr Warranty expenses 54
Cr Warranty liabilities 54
(to accrue for warranty liabilities)
Jul 24 2018
Dr Warranty liabilities 42
Cr Inventory 42
(to record warranty services provided which was accrued)
Explanation:
11 Sep 2017:
- As sell of $600 is made on cash with the cost of good sold is $370, we Dr Cash 600 and Dr Cost of good sold 370 to record increase in cash and in Cost of good sold; and Cr Sales 600 and Cr Inventory 370 to record increase in sales and decrease in Inventory delivered.
- Warranty expenses should be recorded at the time to ensure matching of cost and revenue. Warranty expenses is estimated at 9% of sales, so it will be 9% x 600 = $54. Expenses is recorded and liabilities is accrued.
Jul 24 2018:
Warranty liabilities which was accrued actually occurs. So we Dr Liability by the expenses actually incurred and Cr Inventory consumed for the warranty services $42.