Answer:
Cost per unit= $2,500.70
Explanation:
Cost per unit of an item is the fixed cost of producing the item plus the variable cost.
That is:
Total cost = fixed cost + variable cost
In this instance the fixed cost (cost of the application) is given as $250,000
The variable cost (cost of delivery) is $0.7
For 100 units variable cost will be $0.7* 100= $70
Total cost= 250,000+ 70
Total cost= 250,070
Cost per unit = Total cost/ Number of units
Cost per unit= 250,070/100
Cost per unit= $2,500.70
Answer:
The answer is
Dr Warranty Expense $3,520
Cr Estimated Warranty Liability $3,520
Explanation:
Warranty expense is a contingent liability and it is defined as liabilities that may be incurred by a firm or business depending on the outcome of an uncertain future circumstance.
Current sales = $176,000
Warranty expense = $3,520(2% of $176,000).
The rule: Debit increases assets and expenses while credit reduces it.
Credit increases equity(stock), sales(revenue) and liabilities while debit reduces it.
Therefore the period entry is
Dr Warranty Expense $3,520
Cr Estimated Warranty Liability $3,520
Try to find a mortgage to buy a house
Answer:
True
Explanation:
The actual amount of the decrease in foreign investment is less than 100% therefore, if foreign investment fell by 100%, it would be cut in half. Apparently, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible.The the statement does not mention the initial amount of foreign investment.
