Answer:
Product warrant liability to be reported as on 31.12.2021* is $3.124
<em>*The procedures are attached in a microsof excel document. </em>
Explanation:
This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.
Answer:
b. Capital earns interest; entrepreneurship receives a profit or incurs a loss
Explanation:
There are four factors of production.
1. Land- its return is rent. rent refers to the regular payment made to the landlord by tenants for using the land or property.
2. Labor-its return are salaries, wages or and commissions. salaries or wages refers to the regular payments paid to laborers for the services they offer.
3.capital- its return is interest. interest is the amount of money paid to an individual who provides money or capital
4. Entrepreneurship which receives a profit or incurs a loss. profit refers to a financial gain earned by an individual who provide products or services. An individual may incur a financial loss in the process of providing such goods or services
Answer:
The answer is $1357.85
Explanation:
Future value= Σ C(1+i)^n
FV = 116(1.141^3) + 135( 1.141^2) + 885(1.141) = $1357.85
Answer:
$153,900
Explanation:
Calculation the amount that Plunkett should report in ending inventory on December 31
31 December Ending Inventory=$211,500 - $43,300 - $14,300
31 December Ending Inventory=$153,900
Therefore the amount that Plunkett should report in ending inventory on December 31 is $153,900
Answer: Supplier selection process
Explanation: The process of selecting a supplier for the procurement of raw material for producing output is referred to as supplier selection process. In this process, the purchases analyzes deals from various alternatives of suppliers and choose the one that maximizes the purchasers profit.
Thus, from the above explanation we can conclude that the given case illustrates the supplier selection process.