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blondinia [14]
3 years ago
8

With a partial trade agreement

Business
1 answer:
Nata [24]3 years ago
8 0

Answer:

B) two or more countries agree to liberalize trade in a selected group of categories

Explanation:

A partial trade agreement occurs when trade liberalisation occurs in respect of some of the restrictions placed on some commodities or categories.

Trade liberalisation occurs when countries that are trading with one another decide to reduce or remove restrictions that will affect free exchange between the nation.

Such restrictions include tariff, licencing and quotas.

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Accrued Product Warranty Fosters Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of s
Finger [1]

Answer:

a.

Date                     Account Title                                          Debit             Credit

Jan. 31                 Product Warranty Expense                 $15,160

                            Product Warranty Payable                                        $15,160

<u>Working:</u>

Product warranty expense = Amount of sales for January * Estimated product warranty

= 379,000 * 4%

= $15,160

b.

Date                     Account Title                                          Debit             Credit

Jan. 31                 Product Warranty Payable                     $355

                            Supplies                                                                     $250

                            Wages payable                                                          $105

The costs of the warranty will be taken from the liability account for warranties  because the warranty payable account represents that the company owes warranty repairs which the customer just came to collect.

5 0
3 years ago
During a recent​ month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec
prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0
3 years ago
Tranquility Company manufactures ceiling fans and uses an activityminusbased costing system. Each ceiling fan has 20 separate pa
UkoKoshka [18]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Each ceiling fan has 20 separate parts.

The direct materials cost is $ 85

Each ceiling fan requires 3 hours of machine time to manufacture.

Activity (Allocation Base) -  Predetermined Overhead Allocation Rate

Materials handling (Number of parts) - ​$0.04

Machining (Machine hours) -  $7.8

Assembling (Number of parts) -  $0.35

Packaging (Number of finished units) - $3

Total unitary cost= direct material + allocated overhead

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Total unitary cost= 85 + (0.04*20 + 7.8*3 + 0.35*20 + 3*1)= $119.2

6 0
3 years ago
Star Appliance sells previously owned appliances. Each appliance carries a one-year warranty against defects. Suppose that appli
lawyer [7]

Answer:

$1,500

Explanation:

Data provided in the question

Sales for the appliances for the entire month = $50,000

Expected future warranty cost = 3% of sales

By considering the above information, the amount that should be reported as a liability is    

= Sales for the appliances for the entire month × Expected future warranty cost

= $50,000 × 3%

= $1,500

Simply we multiplied the sales with the given percentage so that the liability amount could arrive

6 0
3 years ago
15. Finding a place to live in Mumbai, India, has been getting harder these days for people who are not vegetarians. Vegetariani
bearhunter [10]

Answer: Target market

Explanation:

Target market could be defined as those group who a producer deem fit to use his or her product. When a producer makes an item, he has a group of people in mind that would buy because they need it, those group of people are the target market. Every producer considered this.

The real estate agent target market are vegetarian because he's renting the houses for what it was specified to be

8 0
3 years ago
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