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arlik [135]
2 years ago
6

During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product wa

rranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.
True or False
Business
1 answer:
NikAS [45]2 years ago
4 0

During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product warranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.

True or False

the answer is false

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Executive Solutions is a strategy consulting firm. Other than the senior leadership (who manage the firm, but do not actively co
saveliy_v [14]

Answer:

Income(Loss) $960,600;($397,400)

Explanation:

EXECUTIVE SOLUTIONS

Budgeted Income Statement

May June

Revenues:

Managers$1,231,900 $795,400

Staff $3,171,900 $2,250,400

Total revenue (i)$4,403,800 $3,045,800

Expenses:

Manager

compensation$749,300 $749,300

Staff compensation$1,558,400 $1,558,400

Total

compensation (ii)$2,307,700 $2,307,700

SG&A $553,500 $553,500

Depreciation $228,500 $228,500

Marketing $353,500 $353,50

Total

expenses (iii)$1,135,500 $1,135,500

Income(Loss)

(i)-(ii)-(iii) $960,600 ($397,400)

BMay June

Revenues:

Managers

[1,270 hours x $ 970] $1,231,900

[820 hours x $970] $795,400

Staff

[ 6,540hours x $485] $3,171,900

[4,640 hours x $485] $2,250,400

Expenses:

Manager compensation$749,300 $749,300

[2,540 hours x $295]

Staff compensation $1,558,400 $1,558,400

[9,740 hours x $160]

5 0
3 years ago
Scalpers often artificially decrease supply by releasing tickets in waves, making it impossible for consumers to know how many t
AfilCa [17]

Answer: increase

Explanation: the scalpers are wanting to make the most money out of the buyers so they are willing to increase the price each time they release them in waves(sections)

5 0
3 years ago
Which information would most likely cause a company's stock price to go up?
Andrei [34K]

Answer:

A

Explanation:

consumers reduce spending because of a recession

8 0
3 years ago
If a firm offers a service that is valuable, rare, and costly to imitate, but a substitute exists for the service, the firm will
Shalnov [3]

Answer:

c. have a temporary competitive advantage

Explanation:

In this case, it is correct to say that the company has a temporary competitive advantage, as there is a substitute for its valuable, rare and expensive service to imitate.

The company gained a competitive advantage in the market for being the only one to offer that service, which by the attributes confer barriers of entry for new competitors, but when there is a substitute for the service and that have the same characteristics, it is correct to say that the company it will lose its competitive advantage in a matter of time, because with more competitors in the market it is common for there to be some loss of market share, so in this case it is ideal for the company to adapt and seek new attributes to innovate, generate more value for consumers and so seek a differential that will guarantee you a higher position in the market.

5 0
2 years ago
Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000. Wh
rewona [7]

Answer:

$3,425

Explanation:

took the test

7 0
1 year ago
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