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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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Which legal form of business ownership does the government have the most control in?
kirill115 [55]

Answer:

i am not sure for the first one, but for the second its a corporation

Explanation:

there are a lot of regulations connected with corporations and the taxation of these organizations

5 0
3 years ago
Read 2 more answers
In 2020, Lindon Corp. reported a discontinued operations loss of $1,300,000, net of tax. It declared and paid preferred stock di
8_murik_8 [283]

Answer:

The earnings per share would drop by -$2.17 per share

Explanation:

Firstly the EPS =LOSS/TOTAL SHAREHOLDING

In this ,=-$1300000/600000shares

In other words the EPS for the previous year when compared to the current would see a drop in value per unit of share of $2.17

6 0
3 years ago
Exercise 6-16 Kaleta Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inv
Irina18 [472]

Answer:

Cost of goods available for sale=$1,640

Explanation:

To calculate the cost of goods available for sale, we need to first calculate the available units of inventory;

Available inventory=Inventory purchased-inventory sold

where;

Inventory purchased are as follows;

On June 1>>>>>purchased 410 units each at $8

On June 12>>>>purchased 820 units each at $9

On June 23>>>>purchased 615 units each at $10

Total inventory purchased=(410+820+615)=1,845 units

Inventory sold are as follows;

On June 15>>>>sold 902 units each at $11

On June 27>>>>sold 738 units each at $12

Total inventory sold=(902+738)=1,640 units

Available inventory=(1,845-1,640)=205 units

The cost of goods sold can be expressed as;

Cost of goods available for sale=Cost per unit×number of units

where;

Number of units of inventory=205

Cost per unit=least cost per unit=$8

replacing;

Cost of goods available for sale=(8×205)=1,640

Cost of goods available for sale=$1,640

8 0
3 years ago
In a recent year, BMW sold 217,044 of its 1 Series cars. Assume the company expected to sell 226,244 of these cars during the ye
True [87]

Answer:

The answers are:

+ Sales price variance: $65,113,200

+ Sales volume variance: $(239,200,000)

Explanation:

We have detailed calculations shown as below:

Sales price variance = ( Actual unit sales price - budgeted unit sales price) x actual unit sold = ( 26,300 - 26,000) x 217,044 = $65,113,200;

Sales volume variance = ( Actual unit sold - Budgeted unit sold) x budgeted unit sales price = (217,044 - 226,244) x 26,000 = $(239,200,000).

So, for BMW recent year, we have:

+ Sales price variance: $65,113,200;

+ Sales volume variance: $(239,200,000).

6 0
3 years ago
Read 2 more answers
A company purchased $10,300 of merchandise on June 15 with terms of 2/10. n/45, and FOB shipping point. The freight charge, $650
Mariana [72]

b should be that correct answer

7 0
3 years ago
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