Answer:
Warranty repair Expense (Dr.) $200
Warranty Payable (Dr.) $200
Explanation:
The warranty expense is the estimate of probable expense that will incur due to fault in the product. The estimated repair is the 4% of skates sold. If 500 pairs of skates are sold then out of them 4% will require repair. The repair for the faulty skates will cost $10. The total cost will be $200,
500 pairs of skates * 4% * $10
Answer: $8.50
Explanation:
Price Outstanding Value
Total Shares 15 150,000.00 $2,250,000.00
Right Price 2 150,000.00 $300,000.00
Total Shares and Value 300,000.00 $2,550,000.00
Ex rights Price = $2,550,000/300,000 = $8.5
A very critical last step in the process of establishing an ethics code is enforcing it. If you develop an ethics code but do not enforce, there was no purpose to doing so. Everyone within the organization should be in agreement and following the ethical behaviors expected of them.
Answer: Results outcome
Explanation:
Just Born found that the improvement process emphasized in the management leadership program saved the company millions of dollars. This is an example of a results outcome.
This shows that the improvement process emphasized in the management leadership program brought about a positive outcome.
Solution:
S1 $180,000 is allocated 70% to S2 or $126,000 ( 0.7 * 180,000 )
S2 total is $162,000 + $126,000 = $288,000
S2 $126,000 is allocated 19.7% to P2 or $81000
Under the step-method of cost allocation,
the amount of costs allocated from $2 to P2 would be $81000
