Answer:
$660 (credit balance)
Explanation:
the question is missing the numbers, so I looked for a similar one:
- 4% of units will be defective
- average repair cost of $20
- 1,100 units sold during the first month
- 11 defective units were repaired
The journal entry to record warranty liability:
Dr Warranty expense 880
Cr Warranty liability 880
the journal entry to record actual money spent repairing defective units:
Dr Warranty liability 220
Cr Cash 220
the balance of the warranty liability account at the end of the month = $880 - $220 = $660
Answer:
$4.58
Explanation:
The formula to compute the earning per share is shown below:
Earning per share = (Earnings after tax) ÷ (Number of shares outstanding)
= ($1,380,000) ÷ (301,000 shares)
= $4.58
We simply divide the earning after tax by the outstanding share so that the approximate earning per share can come
Answer:
1. Protection to trade secrets and patents:
a. Trade secrets are protected indefinitely. Generally, patents are granted for a maximum of 20 years.
b. The owner of a trade secret does not need to pay annual fee to defend the secret. A patent holder is required to pay an annual fee, in order to make the patent enforceable.
2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:
The defendant in a trade secret case will cite that the secret is still commercially valuable. But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.
Explanation:
Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property. The major differences are in the duration and the defense of the rights. Patents, unlike trade secrets, do not last forever. Patents, again unlike trade secrets, must be defended periodically through the payment of fees.
Answer:
D. Sandals
Explanation:
Sandals aren't a preferred clothing item when going into a workplace, it's more informal than the other options provided.
Answer:
per-unit costs decrease as output increases
Explanation:
In simple words, Economies of scale can be understood s the cost benefits that businesses receive as a result of their size of operation. As the expense per unit of production decreases because scale increases. Because expenses are dispersed among a greater quantity of items this occurs.
Thus, from the above we can conclude that the correct option is B.
