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2 years ago

7

When Clorox introduced bleach in a no-drip bottle, the firm was taking action consistent with its product being in the ____ stag

e of the product life cycle.

1 answer:

Nadusha1986 [10]2 years ago

7 0

Answer:

maturity

Explanation:

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In 2022, internal auditors discovered that Axel Corp., had debited an expense account for the $2,090,000 cost of a machine purch

antoniya [11.8K]

Answer:

Debit Depreciation expense $570,000

Credit Accumulated depreciation $570,000

<em>(To record the accumulated depreciation for 3 years)</em>

Explanation:

Using a Straight-line depreciation method, depreciation expense = (Cost - Salvage value)/Estimated useful life

Depreciation expense = $2,090,000 / 11 years = $190,000 yearly

We would assume that the internal auditors detected the error at the beginning of Year 2022, so the accumulated depreciation for 3 years (Jan 2019 - Dec 2021) would be $190,000 x 3 years = $570,000

The following correctional entries will apply:

Debit Fixed asset - Machine $2,090,000

Credit Expense account $2,090,000

<em>(To appropriately record the purchase of machine)</em>

The required adjustment fot the accumulated depreciation is recorded above under the answer section.

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3 years ago

Why is it important to site? Name at least three reasons

Lapatulllka [165]

Answer:

It gives proper credit to the author, it helps you avoid plagiarism, and it helps to create more ideas in your mind.

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3 years ago

Read 2 more answers

If a product concept is explained and described to a small number of

otez555 [7]

Usually D.) Focus Group

They are a small group of people who will review and give feedback on a test product. The other alternative (B, sample audience) is for when the product is usually already in its earl development stage. (Not a prototype)

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3 years ago

National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales

zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

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3 years ago

A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?

Karo-lina-s [1.5K]

Answer:

<h2><em><u>$</u></em><em><u>250</u></em><em><u>0</u></em></h2>

Explanation:

<h3><em><u>Given</u></em><em><u>,</u></em></h3>

No. of peoples living in a country = <em>20,000</em>

GDP of the country is = 50 million dollars or<em> $50,000,000</em>

<h3><em><u>As</u></em><em><u> </u></em><em><u>we</u></em><em><u> </u></em><em><u>know</u></em><em><u>,</u></em></h3>

$per \: capita \: gdp \: = \frac{country's \: total \: GDP }{country's \: total \: population}$

<h3><em><u>Therefore</u></em><em><u>,</u></em><em><u> </u></em></h3>

The per capita GDP of the given country will be

$= \frac{country's \: total \: GDP }{country's \: total \: population}$

$= \frac{50,000,000}{20,000}$

= $2500

<h3><em><u>Henceforth</u></em><em><u>,</u></em><em><u> </u></em></h3>

<em><u>The</u></em><em><u> </u></em><em><u>per</u></em><em><u> </u></em><em><u>capita</u></em><em><u> </u></em><em><u>GDP</u></em><em><u> </u></em><em><u>of</u></em><em><u> </u></em><em><u>the</u></em><em><u> </u></em><em><u>given</u></em><em><u> </u></em><em><u>country</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>$</u></em><em><u>250</u></em><em><u>0</u></em><em><u> </u></em><em><u>(</u></em><em><u>Ans</u></em><em><u>)</u></em>

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2 years ago