Elgin Company sells merchandise with a one year warranty. In 2009, sales consisted of 2,500 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2009 and 70% in 2010. In the 2009 income statement, Elgin should show warranty expense of
A) $7,500
B) $17,500
C) $25,000
D) $0
C
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In the following diagram, which of the following provides the best interpretation of the multiplicities for the association between the cash disbursements and employees classes?
A. Each cash disbursement must be made by one employee. B. A cash disbursement can be made by a combination of several employees. C. An employee can make a maximum of one cash disbursement. D. A cash disbursement must be made by the employee who made the purchase.
The effect of the minimum-contacts standard is that a business firm has to comply with the laws of any jurisdiction in which it targets customers.
Answer the following statement true (T) or false (F)
Mary receives her monthly bank statement on December 30th. She looks at it quickly, then sets it aside. Three days later, she examines it again and discovers a forged check. What must she do to avoid responsibility for the check?
The model of human knowledge used by expert systems is referred to as
A) the knowledge base. B) CBR. C) a neural network. D) AI. E) an inference engine.