Answer and Explanation:
The computation is shown below;
a. For Warranty Expense
= Sales × Estimated Warranty Percentage%
= $4,144,400 × 0.87%%
= $36,056.28
b)
The amount that should be reported is
Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635
Less: Actual warranty costs in 2019 ($26,750)
Add: Warranty expense accrued in 2019 $35,056
Closing Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941
Answer:
Place Marketing
Explanation:
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
Answer:
"Actions To Take"
Check my records first
Contact the bank right away
Handle the matter quickly
"Actions To Avoid"
Set the note aside and wait until later
Answer:
D) readily available substitute products.
Explanation:
Porters five explains the following
- Threat of new entry
- Bargaining power of suppliers
- Bargaining power of buyers
- Threat of substitution
A) lack of importance of the buyer to the supplier group.
True. Buyers have less bargaining power as compared to suppliers
B) high differentiation by the supplier.
True. Higher differentiation leads to competitive advantage and rivalry within the market.
C) dominance by a few suppliers.
True. This falls under threat of new entry as the fewer suppliers create barriers such as capital requirement and licensing requirements to prevent new entrants
D) readily available substitute products.
False. This means there are more suppliers in the market that are ready to substitute a product thus making suppliers less powerful.
<span>Checking the upholstery is not one of the important pre-trip tasks. This is not something that will affect anything other than the passenger comfort during the trip. Making sure that one has enough gas and other fluids in the car is much more important to the overall trip.</span>
