Answer:
D. $358
Explanation:
The computation of the Product Warranty Expense is shown below:
= Number of radios sold × selling price per radios × estimated warranty percentage
= 132 radios × $54 × 5%
= $356.40
i.e $358 approx
By multiplying the number of radios sold with the selling price and the estimated warranty percentage we can get the product warranty expense 58
D is the most suitable answer
Answer:
C. A typical industrial company's balance sheet lists the firm's assets that will be converted to cash first, and then goes on down to list the firm's longest lived assets last.
Answer:
b. principle of diminishing marginal productivity
Explanation:
c) The relationship for the supply curve between price and quantity is directly related. Suppliers are more willing to produce at higher prices.
d) substitution effect will generate shift in the supply curve as other products chane their price not the slope.
a) specialization will increase efficiency has no relationshp with prices.
b) as each unit added generates a lower amount of retunr (ceteris paribus) The price must go up to represent the marginal cost
Answer:
a. they are separate performance obligations
normal price of annual membership = $1,140
one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60
total $1,200
% of price allocated to:
annual membership = ($1,140 / $1,200) x $1,100 = $1,045
discount voucher = $1,100 - $1,045 = $55
b. the journal entry should be
Dr Cash 1,100
Cr Unearned revenue, membership fees 1,045
Cr Unearned revenue, discount voucher 55
