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11111nata11111 [884]
2 years ago
6

In product development, what are "specifications"?

Business
2 answers:
Tasya [4]2 years ago
6 0

Answer:

A. Statements of what the product will be like

Explanation:

Apex

mario62 [17]2 years ago
5 0

Answer:

the answer is A. Statements of what the product will be like

Explanation:

hope this helps <3 xoxo :)

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On July 1, 2020, Ayayai Co. pays $15,420 to Pina Insurance Co. for a 3-year insurance policy. Both companies have fiscal years e
rodikova [14]

Answer:

July 1, 2020

Dr. Prepaid Insurance $15,420

Cr. Cash __________ $15,420

December 31, 2020

Dr. Insurance Expense_$2,570

Cr. Prepaid Insurance _$2,570

Explanation:

Prepaid Expense is the payment of an expense made before it accrued ( means advance payment of an expense ).

As Ayayai Co. paid the 3 years insurance in advance. It is the form of prepaid insurance. Prepaid insurance will be charged to the insurance expense account with the passage of time.

On July 1

The cash is paid so, the cash account will be credited because it is an asset account that has a debit nature. To reduce its balance we need to credit it.

On the other hand, cash is made against the advance payment of insurance for three years, prepaid insurance account will be debited because it is an asset account that needed to be debited to record this.

December 31

The Insurance expense for 6 months is accrued and it needs an adjusting entry to record the expense.

To record Insurance expense, the insurance expense account is debited and on the other hand to reduce the balance of prepaid insurance by the accrued expense value prepaid insurance account is credited.

Insurance expense = $15,420 x 6 / ( 12 x 3 ) = $2,570

3 0
2 years ago
Some recent financial statements for Smolira Golf Corp. follow:
nalin [4]

Answer:

1. The company's profit margin is 13.4% percent.

profit margin = net income / net sales = $45,064 / $336,329 = 13.4%

2. The total asset turnover is 0.82 times.

asset turnover ratio = net sales / average assets = $336,329 / [($387,891 + $432,000)/2] = $336,329 / $409,945.50 = 0.82

3. The equity multiplier is 1.7 times.

equity multiplier = average total assets / average total equity = $409,945.50 / [($205,936 + $275,000)/2] = $409,945.50 / $240,468 = 1.70

4. Using the Du Pont Identity, the company's ROE is 18.68% percent.

ROE = profit margin x asset turnover x equity multiplier (or financial leverage) = 0.134 x 0.82 x 1.7 = 0.1868 = 18.68%

4 0
3 years ago
Division A manufactures an aircraft engine component with unit variable product cost of $38 and market price of $50. Division A
olya-2409 [2.1K]

Answer:

The maximum transfer price would be $50.

Explanation:

The maximum transfer price is nothing but the market price for the product , which is the most simple way to derive a transfer price . Here by selling the components of aircraft engines at market price, there are very good chances of high profits to be earned. So the maximum transfer price should be $50.

7 0
3 years ago
Are retail banks and online banks considered banking institutions?
posledela

Yes.

What are the 9 major financial institutions?

Central Banks. ...

Retail and Commercial Banks. ...

Internet Banks. ...

Credit Unions. ...

Savings and Loan Associations. ...

Investment Banks and Companies. ...

Brokerage Firms. ...

Insurance Companies. ...

Mortgage Companies. ...

3 0
2 years ago
Hilton Hotels wishes to conduct a study on the determinants of brand loyalty among Hilton Hotel customers. The Hilton organizati
marishachu [46]

Answer:

The correct answer is letter "D": sample.

Explanation:

In statistics, a sample is a subgroup of data that belongs to a data population. It must be composed of a certain number of subjects that represent properly the total of the population. Samples are taken when the population of a study is too large that makes research impossible to be conducted. The sample must be big enough to represent the total of subjects and should be selected randomly.

4 0
3 years ago
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