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4 years ago

Monopolies are great for consumers because the selling price will always be low. True false

Business

1 answer:

levacccp [35]4 years ago

8 0

Answer:

yes

Explanation:

I took the test its both

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Scott Company sells merchandise with a one-year warranty. Sales consisted of 2,500 units in Year 1 and 2,000 units in Year 2. It

Alenkasestr [34]

Answer:

Explanation:

Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:

Dr Warranty expense 25,000

Cr Warranty liability 25,000

During year 2, they will record the warranty expense for that year:

Dr Warranty expense 20,000

Cr Warranty liability 20,000

That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.

8 0

3 years ago

DS Unlimited has the following transactions during August.

m_a_m_a [10]

Answer:

See the journal entries below.

Explanation:

The journal entry will look as follows:

Date Account and explanation Debit ($) Credit ($)

Aug 6 Inventory (50 * $100) 5,000

Account payable 5,000

(To record inventory purchased on account.)

Aug 7 Inventory 300

Cash 300

(To record payment of freight charges associated with the August 6 purchase.)

Aug 10 Account payable (5 * $100) 500

Inventory 500

(To record the returns of defective five game devices to GameGirl.)

Aug 14 Account payable (w.1) 4,500

Cash (balancing figure) 4,455

Inventory (w.2) 45

(To record the payment of the full amount due to GameGirl.)

Aug 23 Account receivable (30 * $120) 3,600

Sales revenue 3,600

Cost of goods sold 3,170

Inventory 3170

(To record the Sales and cost of 30 game devices purchased on August 6.)

Workings:

w.1. Account payable = Purchases on account on August 6 - Defective inventory returned on August 10 = $5,000 - $500 = $4,500

w.2. Inventory = Discount received on account payable for paying within 10 days = w.1 * 1% = $4,500 * 1% =$45

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3 years ago

__________ represents a proactive approach to satisfying customer needs that is based on gathering data about our customers to l

Georgia [21]

Customer driven quality

4 0

3 years ago

Program Evaluation Review Technique (PERT) is a _____ technique because it analyzes a large, complex project as a series of indi

babunello [35]

Answer:

scheduling technique

Explanation:

Project Evaluation Review Technique and Critical Path

Method (CPM) are scheduling techniques used to plan, schedule,

budget and control the many activities associated with projects.

Projects are usually very large, complex, custom products that

consist of many interrelated activities to be performed either

concurrently or sequentially.

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3 years ago

What are resources needed to build a house

anastassius [24]

You could Google this.

4 0

3 years ago

Read 2 more answers