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3 years ago

Are all warranty costs accounted for under the accrual basis of accounting? explain.

1 answer:

8 0

All warranty costs accounted for under the accrual basis of accounting go under this section unless the repair cost does not have reasonable estimation. If the repair cost does not have reasonable estimation, it goes under the cash basis for accounting. The accrual basis method of accounting is when you record transactions for revenue when earned and expenses as they are incurred.

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Please help me ... thank you ..

spayn [35]

1 c AROUND THE INDUSTRY AVERAGE FOR OUR FEILDS

2c LOST PRODUCTIVE TIME PROSPECTIVE NEW HIRES

3C LEAVING TO ATTEND COLLEGE FULL TIME

7 0

3 years ago

Is a promise to refrain from doing an unlawful act and, therefore, is a promise that will not support a contract.

aleksley [76]

I'm a little confused on this question however, I'm 99% sure the answer is illusory promise because an illusory promise is one that does not hold any legal weight due to it possibility being a biased and non mutual agreement and it's just a verbal contract in the place of a paper contract.

6 0

3 years ago

Read 2 more answers

The adult population of Foxcastle is 100,000 people. Of these 100,000 people, 20,000 are not in the labor force. Of the remainin

valina [46]

Answer:

16,000

Explanation:

A marginally attached worker is a jobless individual who is not included in the labor force. They are excluded in the labor force because they have not searched for employment in the last four weeks. Marginally attached workers will comprise of discouraged job seekers willing to take up a job if offered one. A marginally attached worker has have searched for work in the past 12 months.

For Foxcatle, the marginally attached will be the discouraged workers. They are not in the labor force; hence they are not considered as employed or unemployed.

8 0

3 years ago

Universal Mines Inc. operates three mines in West Virginia. The ore from each mine is separated into two grades before it is shi

xxMikexx [17]

Answer:

this is a cost minimization problem, but it is missing some numbers, so I looked for similar questions (see attached PDF):

minimization equation = 20x₁ + 22x₂ + 18x₃ (costs per ton)

where:

x₁ = mine I

x₂ = mine II

x₃ = mine III

the constraints are:

4x₁ + 6x₂ + x₃ ≥ 54 (high grade ore)

4x₁ + 4x₂ + 6x₃ ≥ 65 (low grade ore)

x₁, x₂, x₃ ≤ 7 (only 7 days per week)

using solver, the optimal solution is

2x₁, 7x₂, and 5x₃

a. The number of days Mine I should operate = 2 days 

b. The number of days Mine Il should operate = 7 days 

c. The number of days Mine III should operate = 5 days 

d. The total cost of the operation for next week = $284,000

Download pdf

4 0

4 years ago

Assume the audience for Who Wants to Be a Millionaire on a local cable channel is 115,000. During the months of January and Febr

Lapatulllka [165]

Answer:

Gross Impressions

Explanation:

Gross impressions represent the total number of households or individuals that is represented by a given media schedule. It is the impression that an advertisement gets. It is the total sum of audiences that is individuals or households that is exposed to the same commercial or program on multiple occasions. It is different to gross rating points. The latter deals with the number of impressions while the former deals with the number of audiences.

In this case, gross impressions

= Audience × number of ads

= 115000 × 16

= 1840000

4 0

3 years ago

Read 2 more answers

Are all warranty costs accounted for under the accrual basis of​ accounting? explain.

Are all warranty costs accounted for under the accrual basis of accounting? explain.