Answer and Explanation:
The computation is shown below;
a. For Warranty Expense
= Sales × Estimated Warranty Percentage%
= $4,144,400 × 0.87%%
= $36,056.28
b)
The amount that should be reported is
Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635
Less: Actual warranty costs in 2019 ($26,750)
Add: Warranty expense accrued in 2019 $35,056
Closing Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941
Answer:
Your answer is going to be c.
Explanation:
as soap is meant to wash away germs it has to first kill them.
Answer and Explanation:
The computation is shown below:
Marcus’s original Consumer surplus is
= Willing to pay - customer actually pay
= $45 - $35
= $10
Marcus’s producer surplus from the resale is
= Amount received by producer - the minimum amount to accept
= $55 - $45
= $10
Starling’s consumer surplus from the resale is
Willing to pay - customer actually pay
= $80 - $55
= $25
And, the Total surplus generated from the resale is
= Producer surplus + consumer surplus
= $10 + $25
= $35
Answer:
Decrease
No change
Explanation:
As we know that
Contribution margin ratio = [(Sales - Variable Costs) ÷ (Sales) ]
Now in the case when the selling price and the variable cost would decreased by 7% so the sales and variable cost would decreased by the similar amount so there is no change in the contribution margin ratio
Also
Contribution Margin per Unit = Sales revenue per Unit - Variable Expenses per unit
Now if the selling price and the variable cost would decreased by 7% so the contribution margin would also decrease
The answer is the total budget cost. It is the one
responsible of the expense that the company needs and the estimated expense
that they had used that may be of use as their basis and for the their
future period.
