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2 years ago

What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes?

1 answer:

5 0

<span>The financial advantage (disadvantage) per quarter of discontinuing the racing bikes are:
droppings segment can be used for maximization of profit by taking into consideration of contribution margin.
retaining segments are used to retain the product for the maintenance. </span>

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Employees at GloboTech, a start-up software company, noticed that the owner overlooked certain questionable actions of high bill

gavmur [86]

Explanation:

This question refers to the ethical behavior of current leaders, whose actions and initiatives are based on individual analysis of certain situations, so that value judgments are made in a precise way to consider the benefits of ethical or unethical behaviors of employees for the organization.

3 0

2 years ago

On October 29, 2017, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The ra

sveta [45]

Answer:

a. Nov 11, 2017

Dr Cash $4,900

Cr sales $4,900

Nov 30, 2017

Dr Warranty expense $294

Cr Estimated warranty Liabilities $294

Dec 9, 2017

Dr Estimated warranty Liabilities $196

Cr Cash $196

Dec 16, 2017

Dr Cash $14,700

Cr sales $14,700

Dec 29, 2017

Dr Estimated warranty Liabilities $392

Cr Cash $392

Dec 31, 2017

Dr Warranty expense $882

Cr Estimated warranty Liabilities $882

b. Jan 5,2018

Dr Cash $9,800

Cr Sales$9,800

Jan 17,2018

Dr Estimated warranty Liabilities $462

Cr Cash $462

Dec 31,2018

Dr Warranty expense $588

Cr Cash $588

Explanation:

a. Preparation of the journal entries to record above transactions and adjustments for 2017

Nov 11, 2017

Dr Cash $4,900

Cr sales $4,900

(Being to record razors sold for cash)

Nov 30, 2017

Dr Warranty expense $294

Cr Estimated warranty Liabilities $294

($4900*6%)

(Being to record warranty expense)

Dec 9, 2017

Dr Estimated warranty Liabilities $196

Cr Cash $196

(14 razors*14)

(Being to replaced 14 razors)

Dec 16, 2017

Dr Cash $14,700

Cr sales $14,700

(Being razors sold for cash)

Dec 29, 2017

Dr Estimated warranty Liabilities $392

Cr Cash $392

(28 razors*14)

(Being to replaced 28 razors)

Dec 31, 2017

Dr Warranty expense $882

Cr Estimated warranty Liabilities $882

($14,700*6%)

(Being to record warranty expense)

b. Preparation of the journal entries to record above transactions and adjustments for 2018

Jan 5,2018

Dr Cash $9,800

Cr Sales$9,800

(Being to record razors sold for cash)

Jan 17,2018

Dr Estimated warranty Liabilities $462

Cr Cash $462

(33 razors*14)

(Being to replaced 33 razors)

Dec 31,2018

Dr Warranty expense $588

Cr Cash

(6%*$9,800) $588

(Being to record warranty expense)

5 0

2 years ago

According to PMI's code of ethics, project managers have a high regard for themselves, others, and the resources entrusted to th

aleksandrvk [35]

Answer:

The correct answer is letter "A": Respect.

Explanation:

The Project Management Institute or PMI is an American non-profit organization that defines and keeps standards for project management within organizations. According to the PMI, the values for ethical project management involve responsibility, fairness, respect, and honesty. Respect implies showing high awareness for managers, others involved in the firms, and the resources provided to the executives.

3 0

2 years ago

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh

Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

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2 years ago

On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.3 million cash to expand operations. The l

Vaselesa [24]

Answer:

Aug 1

Dr Cash 20,300,000

Cr Notes payable 20,300,000

Dec 31

Dr Interest expense 510,000

Cr Interest payable 510,000

Jan 31

Dr Notes payable 20,400,000

Dr Interest expense 102,000

Dr Interest payable 522,500

Cr Cash 21,024,500

Explanation:

Trico Technologies Journal entries

Aug 1

Dr Cash 20,300,000

Cr Notes payable 20,300,000

Dec 31

Dr Interest expense 510,000

Cr Interest payable 510,000

(20,400,000*5/12*6%)

Jan 31

Dr Notes payable 20,400,000

Dr Interest expense 102,000

($20,400,000×1/12*6%)

Dr Interest payable 522,500

(20,400,000*5/12*6%)

Cr Cash 21,024,500

3 0

2 years ago

Read 2 more answers