During September, Genesis sold 100 radios for $50 each. Each radio cost Genesis $30 to purchase, and carried a two-year warranty. If 5% typically need to be replaced over the warranty period and one is actually replaced during September, for what amount in September would Genesis debit Product Warranty Expense?
a. $50
b. $150
c. $30
d. $120
e. $52.50
B
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During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. Units transferred out from Department A during April were A) 390,000. B) 400,000. C) 410,000. D) 490,000.
According to the text, the primary dimensions that need to be considered when designing the structure of an international company include all of the following except
A. customer expertise. B. functional expertise. C. geographical expertise. D. financial and market expertise. E. product and technical expertise.
Maggie's Apparel Inc. is a store that offers customized shopping, whereby consultants pick clothing they feel will fit a customer's style and specified need. This scenario most likely illustrates__________
Fill in the blanks with correct word.
Salespeople frequently offer prospects refreshments, small gifts, or free samples early in the sales process. Offering something is a powerful way to start your communication.
Answer the following statement true (T) or false (F)