BUSINESS COLLEGE

Hitzu Co. sold a copier (that costs $4,500) for $9,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 5% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $146 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copier. 1. How much warranty expense does the company report for this copier in Year 1?

Answers

Answer 1
Answer:

Answer:

In year 1 the warranty expense reported is $450 ($9,000 x 5%)

Explanation:

The journal entries would be:

Sales journal entry - August 16 - Year 1

Account                          Debit             Credit

Cash                                $9,000

Cost of goods sold         $4,500

Revenue                                               $9,000

Inventory                                              $4,500

Accrued Warranty Expense - December 31 - Year 1

Account                         Debit               Credit

Warranty Expense        $450

Estimated Warranty

Liability                                                    $450

By the end of Year 1, the company has recognized an accrued expense (an accrued expense is recognized before cash is actually paid out) for $450.

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If the government wants to reduce GDP by $500 million, the most appropriate action is: contractionary fiscal policy, which includes a reduction in government spending by $500 million.
contractionary fiscal policy, which includes a reduction in government spending by more than $500 million.
contractionary fiscal policy, which includes a reduction in government spending by less than $500 million.
expansionary fiscal policy, which includes an increase in government spending by $500 million.
expansionary fiscal policy, which includes an increase in government spending by more than $500 million.
expansionary fiscal policy, which includes an increase in government spending by less than $500 million.

Answers

Answer:

The correct answer is the first option: contractionary fiscal policy, which includes a reduction in government spending by $500 million.

Explanation:

On one hand, Gross Domestic Product, or GDP, is the name given in the field of economics, to the term that refers to a monetary measure of the market value of all the goods and services that are produced in the economy of a country in an specific time period of evaluation.  

On the other hand, a contractionary fiscal policy indicates the fact of reducing the amount of money spent in the economy, therefore that the main focus of this type of policy is to try to lower the public expenditure basically.  

Therefore that it is understandable that the correct answer is the first option where the action would be of reducing the government spending by $500 million, according to what the question ask.

As the correlation between assets falls... Group of answer choices portfolio variance is not affected by correlation portfolio variance falls portfolio variance rises

Answers

Answer:

The correct answer is C) Portfolio Variance rises.

Explanation:

The association between two assets reflects the degree to which both assets are related.  As the correlation between two assets decreases, the variation in portfolios increases.

Investment portfolios can be protected with the creative use of Correlation Diversification.

The less correlated assets are, the less risky an investment portfolio is.

Cheers!

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Answers

Answer:

11.2

Explanation:

Your formula would be I = Overall market increased * Beta

"I" being Fords increase

so just plug in and solve

So your volatility would be 11.2

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Answers

Being smart is something that's grown and cultivated, often by being curious enough to seek out new information and by recognising what you don't already know. Being smart is the ability to put ideas together, and create solutions to problems. Being smart is the ability to focus, concentrate, and communicate.

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Answers

Answer:

She should subtract the lowest unit of the product produced at a particular time of the day from the highest unit of the product produced at another time of the day

Explanation:

Range is calculated by subtracting the lowest output at a given time of the day from the highest output at another time of the day

Livro Company has three operating segments with the following information: Books Calendars Bags Sales to outsiders $ 8,650 $ 4,360 $ 6,650 Intersegment transfers 665 1,130 1,550 In addition, corporate headquarters generates revenues of $1,000. What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable? (Round your answer to the nearest whole dollar.)

Answers

Answer:

minimum amount of revenue that segment of each generate separate is = $2295.5

Explanation:

given data

Bags Sales = $8,650

Bags Sales = $4,360

Bags Sales  = $6,650

Intersegment transfers = 665

Intersegment transfers = 1,130

Intersegment transfers = 1,550

generates revenues = $1,000

solution

we get here total Sales to outsiders that is

total Sales to outsiders = $8,650 + $4,360 +  $6,650

total Sales to outsiders = $19660

and

Intersegment transfers is = 665 + 1,130 + 1500

Intersegment transfer = 3295

so that Combined Segment Revenue is

Combined Segment Revenue = 19660  + 3295

Combined Segment Revenue = 22955

so minimum amount of revenue that segment of each generate separate is 10% Criteria is

= 10 % of 22955

minimum amount of revenue that segment of each generate separate is = $2295.5

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