Answer:
No, it is depreciable property used in business is the correct answer.
Explanation:
Answer:
Dr Estimated Warranty Liability $9,700
Cr Parts Inventory $9,700.
Explanation:
Preparation of the entry to record the customer warranty repairs
Based on the information given we were told that Customers had to returned the merchandise for warranty repairs in which the amount of $9,700 was used in parts for repairs this means the journal entry to record the customer warranty repairs will be:
Dr Estimated Warranty Liability $9,700
Cr Parts Inventory $9,700.
Answer:
Job analysis
Explanation:
Many organizations carry out what is called job analysis. It entails spelling out the job functions, skills, experience and knowledge required to perform the job. It is important to analyze the skills required to perform a job because such would afford an organization to have directions in terms of matching skills with work.
Also, organizations analyze jobs to confirm that it is line with the company's current goals and objectives instead of a job that does not go in line with a company's current structure.
Answer:
Velocity of money = 4
Explanation:
Given:
Money supply M = 6,000
Price level P = 2
Real GDP Y = 12,000
Find:
Velocity of money
Computation:
Velocity of money = [Price level x Real GDP] / Money supply
Velocity of money = [P x Y] / M
Velocity of money = [12,000 x 2] / 6,000
Velocity of money = [24,000] / 6,000
Velocity of money = 24 / 6
Velocity of money = 4
Income of a consumer is the main factor that affects the demand in the scenario illustrated below.
Explanation:
Income of a consumer is related with price of goods as well as taste and preference of goods. When the income of a consumer increases the consumer can buy goods which are costly in nature but on the other hand when the income of the consumer decreases the consumer will not be able to buy costly goods.
when the income of the consumer increases the consumer can concentrate more on its taste and preference but on the other hand when the income of the consumer decreases taste and preference for the good also reduces.