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steposvetlana [31]
2 years ago
3

Bret Company sold 3,000 Holsks during 2017 at a total price of $12,000,000, with a warranty guarantee that the product was free

of any defects. The cost of Holsks sold is $7,200,000. The term of the assurance warranty is two years, with an estimated cost of $80,000. In addition, Bret sold extended warranties related to 1,100 Holsks for 3 years beyond the 2-year period for $110,000. Bret should recognize Unearned Warranty Revenue in 2017 of:_______
a) $110,000
b) $190,000
c) $ 0
d) $ 80,000
Business
1 answer:
erma4kov [3.2K]2 years ago
8 0

Answer:

Option A is the correct answer - Bret should recognize Unearned Warranty Revenue in 2017 of $110,000.

Explanation:

The payments for future services to be performed or goods to be delivered area referred to as unearned revenues.

Total sales value of 3,000 holsks was $12,000,000.

The warranty offered by the manufacturer is for 2 years

The extended warranty for three years for 1,100 holsks is $110,000.

Therefore, Bret should recognize unearned warranty revenue of $110,000 in 2017.

Hence, option A is the correct answer.

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The number and magnitude of decisions and problems that must be addressed during an emergency are a direct outgrowth of: A. The
konstantin123 [22]

Answer:

The correct option is B.

Explanation:

Emergency managers and planners are professionals, who are experts in the art of analyzing problems, making appropriate decisions and taking necessary actions that will solve the problems on ground.

The decision making process usually begin before the occurrence of emergency, this is called the planning stage.  At this stage, an organization usually make decisions about how it is going to react to certain emergency situations that might occur in the future.

An effective and deliberate planning prior to emergency will greatly enhance the ability of the organization to respond effectively during emergency situations.  The number and the size of decisions and problems that need to be addressed during an emergency situation depend largely on the quality of the decisions that were made (or were not made) during the planning process.

7 0
2 years ago
Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i
Tju [1.3M]

Answer:

correct option is C. it's a good time to buy the wood.

Explanation:

given data

slab = 10 feet

cost Tee Time =  $5,000

$500 US dollars = $738 NZ dollars

solution

If they import timber from New Zealand. Tea Golf Resort pays less than $ 5000 to import Wood from New Zealand at the current exchange rate. This is a good time for them to import forests

we get here current exchange rate of 1 dollar that is as

US $500 = NZ $738

so $1 = \frac{738}{500}  

$1 = NZ  $1.476

current exchange rate is $1 = NZ $1.476

so

10 foot slab costs $5000

so Tee Golf Resort will pay is

Tee Golf Resort pay = \frac{5000}{1.476}  

Tee Golf Resort pay = $3387.53

so correct option is C. it's a good time to buy the wood.

3 0
2 years ago
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
mafiozo [28]

Answer:

6,250 units; 7,000 units

Explanation:

Given that,

Fixed costs for proposal A = $50,000

Fixed costs for proposal B = $70,000

Variable cost for A = $12.00

Variable cost for B = $10.00

Revenue generated by each unit = $20.00

Let x be the number of units at break even point,

(a) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

50,000 + 12x = 20x

50,000 = 8x

6,250 = x

(b) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

70,000 + 10x = 20x

70,000 = 10x

7,000 = x

7 0
2 years ago
Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing e
aleksley [76]

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

5 0
2 years ago
Which of the following is​ TRUE? A. ​Time-function mapping extends the value analysis back to suppliers. B. ​Value-stream mappin
klio [65]

Answer:

The correct answer is option (B) Value-stream mapping is a variation of​ time-function mapping.

Explanation:

Solution

The value stream mapping is refereed to as the variation of time-function mapping.

This mapping shows the areas in a process where values are added or not added, so as to bring the productivity in the process.

In Informational and material flow of a production process, values are also included with it.

5 0
2 years ago
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