Answer:
a. When the equipment is sold.
Explanation:
As we know that
When someone sells or purchase a product, the services are attached to the product which is passed from the buyer to the seller that can be in terms of warranty i.e after-sales services, etc
So according to the given situation, the estimation of the warranty cost is $25 per time sold so the warranty cost should be recognized when the equipment is sold as it is attached to the product
Answer:
The Bullwhip Effect
Explanation:
Bullwhip effect is a phenomenon that occurs in an organisation's channel of distribution due to swings or erratic demands for products by customers. This erratic nature of demands will usually lead to forecasting inefficiencies especially in meeting the demands through the supply chain.
A sudden increase in demand could lead to production planning problems because there might not be enough inventory of materials on ground to meet the demand. Also, a sudden decrease in demand can bring the challenge of excess inventory of materials which may not be needed for production for a while.
One of the measures taken to manage this erratic nature of demands is to ensure that whatever the forecasts for demands is, safety stock must be included to the forecast level of demand so as to ensure that production planning is adequate and the demands are met as well.
Answer:
He has to pay the insurance company=$1840.90
Explanation:
Value of his home=$449,000
Insurance company charges $0.41 per $100 of value in his home
Number of $100's in $449,000=449000/100=4490
They charge 0.41 for every $100=4490×0.41= $1840.90
He has to pay the insurance company=$1840.90
Answer:
The correct answer is D
Explanation:
Normal profit also called as the fair return, which means staying in the business without subsidy, higher social welfare, price exceeds the marginal costs and there is no reason for the monopolist to the cut the costs.
Thus, the general problem with adopting or acquire the normal normal profit pricing for the natural monopoly, is that it is not efficiently allocative.
Allocative efficiency states a situation or a condition in which the output of every product is such that that marginal cost and the market price are equal or vice- versa.
Answer:
D, Conducting investigations of wrongdoings.
Explanation:
An ethics officer has the responsibility of developing and supervising the ethics of an organisation.
The develpment and supervising of ethics ranges from maintaining professional ethisc or industry ethics or implementation of an a compliance program, development of a compliance program as well as other option listed in the question.
Conducting investigations is not one of the most important responsibilities of an ethics officer and thus ranks lowest.
Cheers.
