Answer:
$3,000
Explanation:
Inventory Sold 2,000*$50=$100,000
Warranty Expense $100,000*3%=$3,000
Therefore $3,000 would be reported in warranty liability account.
When any claim for warranty is reported,the liability will be set off by debiting it and corresponding effect to inventory or stores will be taken.
Answer:
True
Explanation:
The process model is a model that represents the work flow for achieving the company goals and objectives
In the process model, the effectiveness of an organization would be portrayed by the conflict that occurs internally. It could be the situation when the flow of the information is in a horizontal way and in a vertical way and the functioning of the operations internally is quite smooth and works with trust towards individuals
Therefore the given statement is true
Answer:
The correct answer is contractual institutions.
Explanation:
Contract savings institutions are those that include provident funds, life insurance companies, private-sector pension funds, and social insurance systems. These companies have long-term liabilities and stable cash flows. For these reasons is that they are the ideal providers of long-term financing, both for government, industry, municipal entities and the housing sector.
Have a nice day!
A<u> "trait"</u> appraisal assesses employees on subjective attributes like attitude or leadership.
A trait is a trademark that an individual has. Traits incorporate things, for example, appearance, state of mind, activity, hard working attitude, initiative capacity, a feeling of morals, reliability, versatility and judgment.
Trait appraisals are easy to create and simple to score, yet they are likewise very emotional. Inside an organization or work gathering, trait appraisals will in general reward representatives who are all the more cordial, adaptable and innovative.
<span>Frank Festa should take time and reflect on the history of management because as they say, learn from the past or you are doomed to repeat it. He can look back on situations that the bank faced and learn to recognize similar circumstances and warning flags so he can avoid repeating mistakes and prevent the bank from falling into another bankruptcy.</span>
