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Leto [7]
3 years ago
13

Wally's Party Warehouse provides wholesale party equipment and materials to Party Shops. In 2019, Wally's Party sold 30 bounce h

ouses at $30,000 each. The bounce houses carry a 3-year warranty for defects. Wally estimates that repair costs will average 2% of the total selling price. The estimated warranty liability at the beginning of the year was $26,000. Claims of $19,000 were actually incurred during the year to honor warranties.
What was the balance in the Warranty Liability account at the end of the year?
Business
1 answer:
Akimi4 [234]3 years ago
7 0

Answer:

he is probably a b!tsh for wasting money and I hope he is poor now

Explanation:

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If a company creates and maintains a culture that encourages employees to bring new ideas into the company, it is most likely to
mrs_skeptik [129]

Answer: Option E

Explanation: Differentiation strategy refers to the strategy which a company uses to introduce a unique kind of product to the market so that a separate customer base could be prepared. This strategy is implemented to get competitive advantage over the others.

In the given case, company is encouraging its employees to bring new ideas. Hence they want some innovation for the betterment of the company.

Hence we can conclude that the company is using differentiation strategy.

3 0
4 years ago
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In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price
VLD [36.1K]

Answer:

<em>Approximately $22 billion</em>

Explanation:

<u>Future Value (FV)</u>

Given a present value (PV) of an investment, the annual interest rate r, the future value at time t years is given by

FV=PV\left(1+r)^t

Care must be taken to properly express the time in years and the rate in yearly pertentage.

The estimated value of the Manhattan Island in 1626 was PV=$24. 386 years later, at a r=5.5% its value would be

FV=\$24\left(1+0.055)^{386}=\$22,680,919,665

The present value can be estimated in more than $22 billion

7 0
4 years ago
A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) o
Snowcat [4.5K]

Answer:

Other customers of the firm who place buy orders, if the firm has information barriers in place.

Explanation:

FINRA has strict rules against front running, and this is the process by which interested parties place orders for shares beforehand because they have insider information on how a share is going to perform in the future.

This rule is binding on any registered representative.

However if the firm has information barriers in place, any other customers that places a buy order will be assumed not to have insider knowledge of the share's expected performance. The FINRA rule is not binding on them.

3 0
4 years ago
In a hallway, there are three doors which allow access to three different rooms. These three doors are numbered 1, 2, and 3. Fur
zhannawk [14.2K]
What is the question
3 0
3 years ago
Skysong, Inc. had net credit sales during the year of $1090600 and cost of goods sold of $604000. The balance in accounts receiv
blagie [28]

Answer:

8.2 times

Explanation:

The first step is to calculate the average receivable

= $114,000+$152,000/2

= $266,000/2

= $133,000

Therefore the accounts receivables turn over can be calculated as follows

= net sales / average receivable

= $1,090,000/$133,000

= 8.2 times

Hence the account receivable turnover is 8.2 times

7 0
3 years ago
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