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Sophie [7]
3 years ago
13

Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at shor

t measure." chris, an employee of watkins fencing, inc. within that state, intentionally sells wire fence to nowton construction at short measure
Business
1 answer:
Kitty [74]3 years ago
5 0
<span>Because the statute penalizes the person committing the crime as well as the employer whose employee committed the crime, Chris can be held liable, and the company that we works for (Watkins) can be held vicariously liable under the statute.</span>
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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
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently
V125BC [204]
AFC mean average fixed costs. This is equal to total fixed costs divided by the amount of output. If the output is equal to 1000, then the AFC is

AFC = $250.00 ÷ 1,000
AFC = $ 0.25

I hope I was able to answer your question. Thank you and have a good day.
6 0
3 years ago
A method that determines the solution to the traveling salesperson problem involves listing all hamilton circuits and selecting
seraphim [82]
<span>The answer is : Brute Force Method</span>
4 0
3 years ago
Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,100 with his state income tax r
Ivan

Answer:

The amount of taxes that Tim can deduct as an itemized deduction is $7,340

Explanation:

The computation of the itemized deduction is shown below:

= State income tax for the previous year + state income tax from his salary + estimated payments of state income tax

= $1,100 + $5,050 + $1,190

= $7,340

The other item values which are mentioned in the question are not considered and not affect the deductions for current year So, we do not take in the computation part. Hence, ignored it

8 0
3 years ago
Which of the following measures the length of time it takes to acquire, sell and replace inventory?
Kobotan [32]

Answer:

b. number of days' sales in inventory

8 0
3 years ago
Read 2 more answers
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