1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
spayn [35]
3 years ago
13

Boris, Inc. sells a single product for $900 per unit, including a 90-day warranty against defects. It is estimated that 3% of th

e units sold will prove defective and require an average repair cost of $70 per unit. During July, 800 units were sold. Five of them were reported defective and repaired in July. What amount should be added to the Estimated Liability for Product Warranties for July
Business
1 answer:
Dimas [21]3 years ago
7 0

Answer:

the  amount that added to estimated liability is $1,330

Explanation:

The computation of the amount that added to estimated liability is as follows

= 800 units sold × 3% defective - five defective units

= 24 units - 5 units

= 19 units

Now the amount that should be added is

= 19 units × $70 per unit

= $1,330

Hence, the  amount that added to estimated liability is $1,330

The same is to be considered

You might be interested in
A government began 2013 with a budget deficit and a trade deficit. During the year, the government changed its policy and is now
ddd [48]

Answer:

the exchange rate and the trade deficit to decrease.

Explanation:

A deficit can be defined as an amount by which money, falls short of its expected or required value.

Generally, deficit in financial accounting is usually as a result of expense exceeding revenue or revenue falling below expenses at a specific period of time.

For instance, when liabilities exceeds assets or import exceeds export there would be a deficit in the financial account.

Generally, a deficit on the current account ultimately implies that the value of goods and services exported is lower than the value of goods and services being imported in a particular country.

In 2013, government began with a budget deficit and a trade deficit. During the year, the government changed its policy and is now running a budget surplus.

Hence, this change in policy will cause the exchange rate and the trade deficit to decrease if all other factors hold constant

7 0
3 years ago
It has been a great year at Capital Funding, Inc., an SEC-registered broker-dealer that is also registered in 22 states. The com
sergey [27]

Answer:

Option D would be the appropriate alternative.

Explanation:

  • A broker dealer would be a company or organization engaged throughout the purchase as well as the sale of securities within its multiple occasions or even on behalf of the participants.
  • Brokerage serves as an intermediary whenever it implements order information on behalf of the shareholders while acting mostly as a dealer or superintendent whenever it exchanges on one's consideration.

Other choices available aren't connected to that same scenario in the statement. So the answer here is just the perfect one.

3 0
3 years ago
Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a
Reika [66]

Answer:

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

Explanation:

The total cost incurred by Pharoah with the Mega Tax software is given by the fixed cost of $486, referring to the annual fees, added to the cost per tax return of $11 multiplied by the volume of returns filed (n):

C= \$486+(\$11*n)

i. if 316 returns are filed?  (n = 316)

C= \$486+(\$11*316)\\C=\$3,962

ii. If 408 returns are filed?  (n = 408)

C= \$486+(\$11*408)\\C=\$4,974

iii. If 524 returns are filed? (n = 524)

C= \$486+(\$11*524)\\C=\$6,250

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

6 0
3 years ago
Coffee Corporation has 2,000 shares of common stock outstanding. John owns 700 of the shares, John’s grandfather owns 100 shares
nekit [7.7K]

Answer:

1,000 shares

Explanation:

The 318 attribution rule states that stock owned directly or indirectly by a partnership is considered to be owned by any partner that owns 5% or more in the business.

This is relevant to family owned businesses and is a way to mark out principal owners of a business in order to avoid tax evasion and fraud.

In this scenario John directly owns 700 of the outstanding shares. But according to the 318 attribution rule, since he he is a 50% partner he owns half of the outstanding 2,000 shares. That is 1,000 shares.

7 0
3 years ago
Industrialized former colonial states that dominate the world economic system are?
Verizon [17]
Industrialized former colonial states that dominate the world economic system: Core Countries
5 0
2 years ago
Other questions:
  • Beyond redesigning the nature of the work itself, and involving employees in decisions, approach to making the work environment
    11·1 answer
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    9·1 answer
  • Shawn starts a business called valuecentral.com, the concept takes off, and the company has an ipo and goes public. the company
    14·1 answer
  • The cost of direct materials transferred into the Bottling Department of Mountain Springs Water Company is $538,900. The convers
    12·1 answer
  • On March 31, year 1, Ashley, Inc.'s bondholders exchanged their convertible bonds for common stock. The carrying amount of these
    10·1 answer
  • The Digby company will sell 100 units (x1000) of capacity from their Drat product line. Each unit of capacity is worth $6 plus $
    5·2 answers
  • Planet Earth Developers is a large nationwide construction company with home offices in Lansing, MI. The local media often remar
    12·1 answer
  • JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immed
    7·1 answer
  • Nathan and Lucas own separate tree farms that produce timber. Both farms are the same size and have the same resources available
    12·2 answers
  • if you are interested in a career in the hospitality industry, it is important that you enjoy the following:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!