During August, Radio City sold 200 iPods for $50 each. Each iPod had cost Audio City $31 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during August, the entry to record the Product Warranty Expense is
A) Product Warranty Expense 31Estimated Product Warranty Liability 31
B) Product Warranty Expense 155Cash 155
C) Product Warranty Expense 310Estimated Product Warranty Liability 310
D) Estimated Product Warranty Liability 620Product Warranty Expense 620
C
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Attributes are characteristics that are ______.
A. counted using whole numbers B. presented with decimal values C. always presented as a ratio type of data D. usually independent variables
As more developed markets stagnate and become increasingly competitive, many marketers are now targeting growth opportunities in emerging markets
Indicate whether the statement is true or false
Marianna has been returning from her lunch break 30 minutes late for the past 2 weeks. When her manager confronts her about it, she points out that everyone, including her manager, takes long lunches and makes up the half hour later in the day. The discipline of Marianna appears to violate which Just Cause test?
A. Upon investigation, was there substantial evidence or proof that the employee was guilty as charged? B. Was the degree of discipline administered by the company in a particular case reasonably related to the seriousness of the employee’s proven offense and the record of the employee’s service with the company? C. Did the company give the employee forewarning or foreknowledge of the possible or probable disciplinary consequences of the employee’s conduct? D. Has the company applied its rules, orders, and penalties evenhandedly and without discrimination to all employees?
From the selections offered below, select the one journal entry that properly presents the application of Factory Overhead to Work in Process if the driver is Drop-Forge Strokes and the rate is $1.75 per stroke and the meter read 1,780 at the start of the day and 2,890 at the end of the day
A) Jan 21 Work in Process 1.75Factory Overhead 1.75 B) Jan 21 Work in Process 1,942.50Depreciation Expense 1,942.50 C) Jan 21 Work in Process 1,942.50Cash 1,942.50 D) Jan 21 Work in Process 1,942.50Factory Overhead 1,942.50