Answer:Christopher Columbus is credited with discovering the Americas in 1492.
Explanation:
Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement. And long before that, some scholars say, the Americas seem to have been visited by seafaring travelers from China, and possibly by visitors from Africa and even Ice Age Europ
Answer:Woodmier journal $
1. Date
2021
Warranty expenses Dr 90,000
Warranty liability Cr. 90,000
Narration. Amount of warranty incurred for the year.
2021
Warranty liability Dr 90,000
Bank/Cash. Cr. 90,000
Narration. Payment of warranty expenditures.
2. No entry require
Explanation:
The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.
The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.
Whenever supply is higher than demand prices will drop or lower
Answer:
surplus
Explanation:Don't quote me on this because I might be wrong, but I think the united states has a trade surplus because of the dependence on U.S trade globally. China has a trade surplus because they have some the biggest and busiest factories and shipping outposts. Since the U.S has such a high trade level with the trade Surplus of china the U.S is also a trade surplus.
Answer: $106,205
Explanation:
Direct materials purchase-price variance = PPS pounds purchased * (Standard cost per pound - Actual cost per pound)
Standard cost per pound = Direct materials usage variance / [PPS used - (Actual number of units of Flex produced * (Budgeted usage of PPS / Budgeted units for Flex 10))]
= 28,860/ [48,000 - (4,900 * (53,100 / 5,900))]
= $7.40
Actual cost per pound:
= Total actual cost of PPS used / PPS Used
= 266,880 / 48,000
= $5.56
Direct materials purchase-price variance = 57,720 * (7.40 - 5.56)
= $106,205
