Answer:
$10,500
Explanation:
Wall Welding should record warranty expense based on experience with past claims (3% of total sales). So if total sales were $350,000 you multiply that by 3% = $10,500.
The $4,000 left in the estimated warranty payable account belongs to previous years and should not alter the current year calculations.
Answer:
Correct answer is letter B, $2,200
Explanation:
Using accrual basis method, revenue and expenses will be recognized when incurred.
The $4,800 is a 24 months policy, therefore we must compute the insurance expense applicable for the year covering from February 1 to December 31 (11 months)
An adjusting entry to recognize the expire portion of the insurance must be done at the year end in the amount of $2,200.
($4,800 / 24 months = $200 x 11 months = $2,200)
Answer:
relate to inflation in other countries
Options:
Separate buyers based on their income.
Separate buyers based on their willingness to pay.
Lower their profit.
Lower the marginal cost of producing an additional unit of output.
Answer:Lower the marginal cost of producing an additional unit of output.
Explanation:Price discrimination is a pricing strategy that gives different prices for the same kind of product. Price discrimination can be classified as first degree(charging of a different price for every unit consumed),second degree(involves charging different prices for different Quantity purchased) and third degree(charging of a different price to different consumer groups).
Through price discrimination, firms are able to make additional variants of the same product in order to Lower the marginal cost of producing an additional unit of output.
Price discrimination and the existence of slightly different variants of the same product go hand in hand because offering product variants allows firms to differentiate their offerings and justify varying prices based on consumer preferences and willingness to pay.
In economics, price discrimination refers to the practice of charging different prices for the same product or service to different groups of consumers. When firms engage in price discrimination, they often introduce slightly different variants or versions of the product in order to justify the price differences. This is because offering different variants allows firms to differentiate the products and create the perception of added value, which justifies the varying prices.
For example, a company may offer a basic version of a product at a lower price point, and a premium version with additional features at a higher price. By doing so, the company can target different segments of consumers based on their willingness to pay, maximizing their profits through price discrimination.
Overall, the existence of slightly different variants of the same product and price discrimination tend to go hand in hand because offering product variants is a strategy that enables firms to differentiate their offerings and capture different segments of the market at different price points.
#SPJ12
2) CIO
3) information center manager
4) IS Director
It should be noted that IS Director manages all systems throughout the organization and the day-to-day operations of the entire IS organization.
Therefore, option D is correct.
Learn more about IS Director at:
Answer:
Explanation:
Adjusted Balance Method-
Interest $______
New Balance $______
Average Daily Balance ≈ $475.42 Interest ≈ $4.75 New Balance ≈ $369.75
To calculate the interest and the new balance using the Adjusted Balance Method, you first need to find the average daily balance. The Adjusted Balance Method considers the balance after subtracting any payments made during the billing cycle. Here's how to calculate it:
1. Start with the previous balance: $500
2. Add the purchases made during the billing cycle:
- May 12: $25
- May 22: $100
- May 30: $50
Total purchases = $25 + $100 + $50 = $175
3. Subtract any payments made during the billing cycle:
- May 20: $110
4. Calculate the average daily balance. To do this, you need to consider the number of days each balance was carried during the billing cycle. Assuming a 30-day billing cycle, here's how you calculate it:
- For the first 8 days (May 1 to May 8), the balance is $500.
- For the next 4 days (May 9 to May 12), the balance is $500 + $25 (May 12 purchase).
- For the next 10 days (May 13 to May 22), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase).
- For the last 8 days (May 23 to May 30), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase) + $50 (May 30 purchase) - $110 (May 20 payment).
5. Calculate the average daily balance by summing up the balances for each period and dividing by the total number of days in the billing cycle (30 days in this case).
Now that you have the average daily balance, you can calculate the interest using the monthly interest rate of 1% (12% per year):
Interest = Average Daily Balance * Monthly Interest Rate
New Balance = Previous Balance + Purchases - Payments + Interest
Please calculate the average daily balance and then use the interest formula to find the interest and update the new balance.
For such more questions on Average
#SPJ3