Answer:
The amount of $224,000 should Blevert report as a liability at December 31, 2017
Explanation:
For computing the liability amount, we have to do the following calculations which is shown below:
= (Total sales value over the three year × sum of estimated warranty cost percentage for three year) - total warranty expenditure
= {$4,000,000 × (1% + 3% + 5%)} - ($136,000)
= {$4,000,000 × 9%} - ($136,000)
= $360,000 - $136,000
= $224,000
Answer:
Line organization model
Explanation:
Based on the information provided within the question it seems that Party Pros Inc. is using a Line organization model. This is an organizational structure in which power flows from the top to the bottom, meaning that the person at the top is the owner and the individuals in each level of the hierarchy answer to those in the upper levels, all of which are trying to accomplish the same organizational goals. Such as is being described in this situation.
Answer:
The answer is: If Allen is a professional gambler, he can use his gambling losses to offset the income from his gambling activities.
Explanation:
We can consider the airfare and hotel expenses as income part of Allen's income (+$3,000) but since he lost more money in the casino (-$25,000), the net effect is an economic loss (-$22,000).
That economic loss isn't tax deductible unless he was a professional gambler, then he could offset his income by $22,000.
The act of deciding on the activities that would be involved in the business and establishment of goals and objectives is a <u>planning function</u> of management
<h3>What is the planning function?</h3>
The planning function is a management function that involves establishing of goals and arranging them in logical order.
Hence, the act of deciding on the activities that would be involved in the business and establishment of goals and objectives is a <u>planning function</u> of management
Therefore, the option A is correct.
Read more about planning function
<em>brainly.com/question/25703249</em>
Answer:
Small companies don't have middle management, so it is entirely appropriate for senior management to implement strategy and guide employees directly.
The purpose of management is nothing to do with power, but rather to create, plan and execute the vision and strategy of the organization through the workforce and technology.
Explanation:
