Answer:
A) $6,745.20
Explanation:
The total warrant liability should equal to the number of units sold times the estimated warranty repairs per unit = 2,044 units sold x $11 per unit = $22,484
Current year's warranty expenses = total warranty liability x 30% = $6,745.20
Research company must debit $6,745.20 to the warranty expense account (which is included in the income statement).
Answer:
6.12 times
Explanation:
Cost of Goods Sold = $84,000 + $660,000 - $120,000
Cost of Goods Sold = $624,000
Average inventory = ($84,000 + $120,000) / 2
Average inventory = $102,000
Inventory Turnover = Cost of Goods Sold / Average inventory
Inventory Turnover = $624,000 / $102,000
Inventory Turnover = 6.117647059
Inventory Turnover = 6.12 times
Answer:
d. right to choose
Explanation:
By not presenting any other alternatives for acetaminophen, the pharmacist is violating the consumers' right to chose. According to this right, consumers should be provided with a variety of options of products at a satisfactory quality and competitive prices, which does not occur if they only have one brand to choose from.
The answer is alternative d. right to choose
Answer:
A. Included in purchases.
Explanation:
The adjustment of the purchase discount lost under the gross method is included in the purchase amount. If the payment is made within the discount period, then the discount is applicable otherwise not, if the payment is not made within the discount period.
The journal entry is shown below:
Purchase A/c Dr XXXXX
To Account payable A/c XXXXX
(Being the goods are purchased on credit)
<span>The answer is price. The price of a good conveys about its
relative scarcity or abundancy. If the price is high, the good is scare meaning
you can gain money by selling extra of it, and you can save money by buying a
lesser amount of it. If you act according to your self-interest, selling more
and buying less of that costly good, the scarcity of that good will be toned-down.
If the price of a good is low, you can exhilarated to do the contrary, thus removing
any excess of the good in the market. </span>
