What are the requirements for something to be used as money?

During 2016, Rao Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on

Over [174]

Answer:

$319,000

Explanation:

The computation of the liability is shown below:

= Total expenses in three year - actual warranty expenditure

where,

Total expenses in three years = Total sales × total percentage of sales

= $6,200,000 × 9%

= $558,000

And, the actual warranty expenditure is $239,000

Now put these values to the above formula

So, the value would equal to

= $558,000 - $239,000

= $319,000

6 0

3 years ago

Stores such as T. J. Maxx, Burlington Coat Factory, and Marshalls buy manufacturers' seconds, overruns, returns, and off-season

Rama09 [41]

Answer: off price retailers

Explanation: In simple words, it refers to the retailers that sells high quality products at relatively lower prices than market. The key to their business structure is the discount they offer as the majority of product they sell are of second hand quality or are off seasoned.

They procure material directly from the suppliers in the form of scrap etc and then sells it to retailer at heavy discounts. Hence from the above we can conclude that the correct answer is off price retailers.

4 0

3 years ago

Joanne is a member of a group that is developing a questionnaire as a group project in her sociology class. The leader of her gr

Scrat [10]

Answer:

Expressive leadership

Explanation:

The group leader is exhibiting expressive leadership style. Expressive leadership style is one of the most effective techniques which help to engage employees in a healthy informative discussion. Effective leaders are also democratic leaders and that is why such are mostly successful in running a business and in leading employees. Group harmony and communication are some priorities of expressive leaders. Moreover, such leaders make decisions by collaborating with every member of the team. Joanne must listen to those suggestions and try to implement them in her questionnaire.

7 0

2 years ago

Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th

Ket [755]

Answer:

The correct answer for option (a) is $3,080 and for option (b) is $2,141.

Explanation:

(a). Current pay = $44

After 40 hours, Pay = $44 × 1.5 = $66

So, we can calculate the gross pay by using following formula:

Gross pay = (40 hours × $44 ) + (20 hours × $66)

= $1,760 + $1,320

= $3,080

(b).

Security Tax = Gross pay × 6% = $3,080 × 6% = $184.8

Medicare Tax = Gross pay × 1.5% = $3,080 × 1.5% = $46.2

Federal Income Tax = $708

So, we can calculate the net pay by using following formula:

Net Pay = $3,080 - $184.8 - $46.2 - $708

= $2,141

3 0

3 years ago

Baxter Inc. owns 90 percent of Wisconsin Inc. and 20 percent of Cleveland Company.

dexar [7]

Answer:

$350,380

Explanation:

Calculation to determine the amount that would appear on the consolidated income

Consolidated income statement.

Sales$1,590,000

($1,000,000+$450,000+$280,000-$100,000-$40,000)

Less :Cost of goods sold ($1,015,000)

($670,000+$280,000+$190,000-$100,000-$25,000)

Less :Expenses ($200,000)

($110,000+$60,000+$30,000)

Dividend income$0

Consolidated net income $375,000

Noncontrolling interests in subsidiaries' income $24,620

Controlling interest in consolidated net income $350,380

Therefore the amount that would appear on the consolidated income will be $350,380

8 0

3 years ago