What method(s) can be used to estimate progress toward completion for the purpose of recognizing revenue over time? (select all that apply.)

The company should set aside $240 for warranty expenses. The company should set aside $240 for warranty expenses. This amount can help cover any repairs or replacements that may be needed during the warranty period.

To calculate the warranty expenses, we need to find 2% of the total sales. The company sold $12,000 worth of bicycles with an extended warranty, so 2% of $12,000 is:
2/100 x $12,000 = $240
Therefore, the company should set aside $240 for warranty expenses. This amount can help cover any repairs or replacements that may be needed during the warranty period.

When a company sells products with an extended warranty, it is important to set aside a portion of the sales revenue for potential warranty expenses. The warranty expense is the estimated cost of any repairs or replacements that may be required during the warranty period.
In this case, the company sold $12,000 worth of bicycles with an extended warranty. To determine the warranty expenses, the company needs to estimate the average cost of repairs or replacements per unit and multiply it by the number of units sold.
The company’s experience is that warranty expenses average 2% of sales. This means that for every $100 in sales, $2 is set aside for warranty expenses. Applying this percentage to the total sales of $12,000, we get:
2/100 x $12,000 = $240

To know more about warranty expenses visit :-

https://brainly.com/question/30431480

#SPJ11

Answer:

$71.01

Explanation:

An average is a number expressing the central or typical value in a set of data, in particular the mode, median, or (most commonly) the mean, which is calculated by dividing the sum of the values in the set by their number.

Given

September, $28.95;

October, $46.15;

November, $68.46;

December, $109.34;

January, $115.26;

February, $94.19;

March $75.66;

April, $51.97; and

May, $49.16.

Step two:

Total amount= 28.95+46.15+68.46+109.34+115.26+94.19+75.66+51.97+49.16= 639.14

Total number of monts= 9

Average= 639.14/9

Average= $71.01

Answer:

the wealth gap.

Explanation:

The difference in income between the richest and poorest citizens is called the wealth gap.

This ultimately implies that, the wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts.

Hence, the information generated by the government based on the wealth gap of its citizens is typically used for formulating economic policies, plan and financial budgets.

The difference in income between the richest and poorest citizens is called the wealth gap.

Wealth gap can be defined as the difference in the income earned by the richest and the poorest citizen.

When a rich person earn more than a poor person this indicate a disparity in wealth distribution between the rich and the poor.

This tend to lead to what is called wealth gap based on the fact that their is no equality as the rich earn more than the poor.

Inconclusion the difference in income between the richest and poorest citizens is called the wealth gap.

Learn more about wealth gap here:https://brainly.com/question/4517769

Answer:

employees

Explanation:

This is because employees are classified as labor not capital

Answer:

d. employees

Explanation:

It is difficult to determine which marketing tactic from Table 7-3 on page 246 would be most effective in converting "conservative" minded endusers to adopt an innovation without more information about the innovation and the endusers.

Table 7-3 provides a list of 10 different marketing tactics that can be used to market innovations to endusers. These tactics include things like product demonstrations, free trials, and word-of-mouth marketing. The effectiveness of these tactics will depend on the specific characteristics of the innovation and the endusers, as well as the overall marketing strategy.

To determine which marketing tactic would be most effective in converting "conservative" minded endusers to adopt an innovation, it would be necessary to consider factors such as the perceived risk and uncertainty associated with the innovation, the benefits and features of the innovation, and the attitudes and values of the endusers. It may also be helpful to conduct market research or focus groups to better understand the needs and preferences of the endusers and to test different marketing tactics.  

Learn more about marketing visit: brainly.com/question/25369230

#SPJ4

Answer:

a. lease

Explanation:

Lease is defined as a contract agreement that states the amount a lessee pays to the lessor for use of a property.

Also various conditions of use are usually stated in the lease.

For example who will handle maintenance of the property.

These terms are agreed by both parties and is binding on them.

Information like the lease amount, due date, lessor, and lessee are stated

wirte a report to your headmaster about the historical excursion

my

Answer:

C

Explanation:

A P E X

The globalization merely affected the world since the mid-20th century is has made basically and gradually economies around the world more connected Option(c) is correct.

Globalization in simple words we can say that migrating or the movement of the companies from merely one place to another for better growth opportunity and profits of the company.

As in the mid 20th century it was that globalization was at high peak it connected people and most of the organization and the companies around the world easily and there was availability more and more of high skill laborers at a low cost.

Therefore Option(c) is correct.

Learn more about Globalization here:

brainly.com/question/15283031

#SPJ2

Dumpster diving type of fraud is the most at risk of encountering. Thus option B is correct.

A bank statement is a formal summary of economic transactions made for each savings account that a person or organization has with a financial institution within a certain time period.

Dumpster diving is the practice of searching through big commercial, home, industry, and building containers for usable objects that have been left behind by their owners but are still present.

Statements will assist them in learning the specifics without needing to be destroyed. Therefore, option B is the correct option.

Learn more about bank statements, Here:

https://brainly.com/question/22786262

#SPJ1

Answer:

table

Explanation:

Answer: C.

Explanation:

c. Customers are not a factor of production.

The factors of production are the resources that are used in the production of goods and services. The four main factors of production are land, labor, capital, and entrepreneurship.

a. Dairy cattle are a type of land resource used in agriculture and food production.

b. Coal miners are labor resources used in the extraction and production of coal.

d. Trucks are capital resources used in transportation and logistics.

Customers are not considered a factor of production because they are not resources used in the production process. Customers are the end-users or consumers of goods and services produced by the factors of production.

Answer:

D.

Explanation:

The necessities would be last month's gasoline for the car, while the expenses would be fast food, movie and amusement park tickets.

Needs are a term that refers to the goods and services that a person needs in a fixed way for their daily life, some examples are:

According to the above, it can be inferred that car gasoline is a necessity because it is a means of transportation that we can use to go to our work or place of study.

On the other hand, expenses are the goods and services that are not necessary for our daily lives but that we acquire for leisure and entertainment purposes. For example:

Based on the above, it can be inferred that movie tickets, fast food, and amusement park tickets are expenses.

Learn more about expenses in: https://brainly.com/question/27659946

#SPJ1

The step in new product development that involves determining whether the product idea is compatible with the company's goals, needs, and resources at an overall level is called screening.

It corresponds to a stage where the focus is on the organization and structuring of ideas about the launch of a new product, understanding better about the characteristics and benefits of the product that will be better aligned with the needs and desires of potential consumers.

Screening is an essential process, being the first stage of product development, where there is a brainstorming of ideas to define the product, increasing the possibility of it being well accepted by consumers and generating profitability for the company.

Therefore, the screening process is essential in order to define the essential criteria for the launch of the product, such as its characteristics and those of the market, in order to increase knowledge, innovation and the value of the product for consumers.

Find out more about screening here:

https://brainly.com/question/5943246

#SPJ1

Answer:

Total liabilities/total assets

Explanation:

Debt ratio can be calculated by using the formula Total liabilities/total assets.

Debt ratio refers to the ratio of the debt and assets of a person or company. This is also known as the total debt to the total assets ratio.

A debt ratio enables a company to specify and identify how much percentage of the company's assets are liable for leverage. This allows the company to know how to manage the business or work through their debt accordingly. Thus, the correct formula to calculate the debt ratio is total liabilities/ total assets.

learn more about how to calculate debt ratio here:

brainly.com/question/11565869

If left uncontrolled, high blood pressure can cause kidney disease, heart failure, and stroke. Therefore, the correct option is 4. All of the above.

High blood pressure, also known as hypertension, is a chronic medical condition that occurs when the blood pressure in the arteries rises above the normal range. It is defined as a systolic blood pressure of 140 mm Hg or higher and a diastolic blood pressure of 90 mm Hg or higher.

Blood pressure can be controlled by making lifestyle changes like adopting a healthy diet, engaging in regular exercise, limiting alcohol intake, avoiding smoking, and maintaining a healthy weight. In addition, doctors can prescribe medications to control blood pressure if lifestyle modifications alone are not effective.

If left untreated, high blood pressure can cause damage to your body's vital organs, including the kidneys, heart, and brain. Kidney disease, heart failure, and stroke are some of the severe complications that can arise due to high blood pressure. Therefore, it is critical to manage hypertension effectively.

Learn more about hypertension here: https://brainly.com/question/26093747

#SPJ11

Answer:

Go to your financial institution

Endorse the check and return it to whoever gave it to you

Answer:

(B)Create an online presentation that can be shared with the members of the SanFrancisco office and present your finding to them remotely.

Multiple -choices

(A)Hop on a plane Friday night and fly to San Francisco so you can have time to

explore the city and share the information with their office on Monday morning.

(B)Create an online presentation that can be shared with the members of the SanFrancisco office and present your finding to them remotely.

(C)Collaborate with your peers in the Atlanta office all weekend, and then take the

red eye

flight to San Francisco on Sunday night in order to be there to present your

findings on Mondayimorning.

(D)Share the Excel spreadsheet with the team leader in San Francisco and tell him

to make the presentation for you

Explanation:

The term economical refers to using few resources or efficient use of the available resources. Economical in this passage refers to spending as little resources as possible.

The use of technology presents the most economical way of delivering this presentation. Instead of traveling all the way to Francisco, one can prepare an online presentation and present it remotely. Traveling will incur expenditure on air tickets, accommodation, and meals. Advanced technology has made online presentation equally good as other meetings due to their real-time interactive abilities. An online meeting will save time, money, and unnecessary fatigue.

True, telecommunicating is an example of flextime.

Flextime refers to an arrangement that allows the worker to change and alter his working hours. Employees can decide the starting and end time of their working hours by themselves.

In telecommunicating, an employee may work from his/her own place without going to the office.

Telecommunicating is an example of flextime since employees may change their working time at their own convenience.

Therefore the statement is correct.

Learn more about flextime here:

https://brainly.com/question/7984268

Answer:

the answer will be true

Explanation:

because telecomuting is an example of flex time

The law of increasing opportunity cost is reflected in the shape of the  production possibilities curve concave to the origin (option A).

The production possibilities curve depicts the various combination of two goods a company can produce when all its resources are fully utilised.

The production possibilities curve is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

For more information about the production possibility curve, please check: https://brainly.com/question/25774783

#SPJ1

All of the revenue and expense items listed, including interest expense, total operating expenses, sales revenue, and cost of goods sold, are factored into calculating net operating income on the multi-step income statement.

The multi-step income statement is a financial statement that provides a detailed breakdown of the various components of a company's operating income. It includes multiple steps to calculate net operating income by considering different revenue and expense items.

The revenue items included in the multi-step income statement are sales revenue, which represents the total revenue generated from the sale of goods or services. This revenue is a significant factor in calculating net operating income.

The expense items included in the multi-step income statement are total operating expenses, which consist of various costs incurred in the normal operations of the business. These expenses include cost of goods sold, which represents the direct costs associated with producing the goods sold. It also includes other operating expenses such as salaries, rent, utilities, and marketing expenses.

Additionally, the multi-step income statement may include interest expense, which represents the cost of borrowing funds. While interest expense is not directly related to operating activities, it is still considered in determining net operating income.

Therefore, all of the revenue and expense items listed (interest expense, total operating expenses, sales revenue, and cost of goods sold) are factored into calculating net operating income on the multi-step income statement.

Learn more about financial statement here: https://brainly.com/question/32573447

#SPJ11

The fact that you ordered a large pizza but after 4 slices, don't want anymore is an example of diminishing marginal utility.

Diminishing marginal utility refers to an economic principle that talks about how the utility or satisfaction that a person gets from each additional unit of an item increases at first, and then decreases.

For instance, the person was really hungry and then ordered a large pizza to be satisfied. But as they ate more slices, they were satisfied less and less and eventually ended up wanting no more slices of pizza.

In conclusion, this is diminishing marginal utility.

Find out more on diminishing marginal utility at https://brainly.com/question/15242967

#SPJ1

Answer: This is false

Explanation:  This is false because the industrial revolution was about conflict because certain places such as the south and north couldn't agree on how to better themselves examples being staying more agricultural and the other wanting to have more modern technology and machines

Answer:

False

Explanation:

The PlastiPharm take great efforts to ensure its products meet industry standards and customers’ needs because fulfilling the customer need and providing the customers good quality produce is one of the long-term goal of the industry.

An industry refers to a group of enterprises or companies or businesses in the market. An industry provides and services to the customers in the market.

The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type.

Learn more about industry here:

https://brainly.com/question/29051569

#SPJ4

The probability that a consumer in the flexed arm condition has a choice score of 57 or greater is approximately 0.692.

To determine the probability that a consumer in the flexed arm condition has a choice score of 57 or greater, we can use the standard normal distribution.Given that the average choice score for consumers with a flexed arm is 60, and the standard deviation is 6, we can calculate the z-score for a choice score of 57 using the formula:

z = (X - μ) / σ

where X is the choice score, μ is the mean, and σ is the standard deviation.

In this case, X = 57, μ = 60, and σ = 6. Plugging these values into the formula, we get:

z = (57 - 60) / 6

z = -0.5

Using a standard normal distribution table or a calculator, we can find the corresponding probability for a z-score of -0.5. The probability is the area under the curve to the right of the z-score.

Looking up the z-score of -0.5 in the standard normal distribution table, we find that the probability is approximately 0.6915.

Therefore, the probability that a consumer in the flexed arm condition has a choice score of 57 or greater is approximately 0.692.

For more questions on  probability

https://brainly.com/question/16191650

#SPJ8

If Quintin's supervisor asks him to use predictive modeling in his decision-making process, Quintin's task would most likely include: A. the creation of a decision tree.

Predictive modelling frequently uses decision trees to assist see and analyse the potential effects of a decision.

They offer a methodical technique to weigh the advantages and disadvantages of many options and can aid in determining the best course of action.

Therefore  choosing option A is the most likely response. Option B, a discussion with his coworkers, Option C, a review of data charts, and Option D, a written list of advantages and disadvantages, are all potential tasks that may be engaged in decision-making, albeit they may not be explicitly related to predictive modelling.

Learn more about predictive modelling here:https://brainly.com/question/13162779

#SPJ1

Answer:

Explanation:

When a bank lends you money, it charges interest on the loan. When you open a deposit account, such as a checking or savings account, there are fees for that as well.  It's important to know all the fees your bank charges, as well as how to reduce or eliminate as many of them as possible.

The new margin of safety in units is approximately 6,571.43 units.Margin of safety is a measure of how far sales can decline before a company reaches the breakeven point. It is calculated by subtracting the breakeven point from the actual sales volume.

To calculate the new margin of safety in units after reducing the selling price by $2 per unit, we need to determine the breakeven point under the new conditions.

The breakeven point can be calculated using the following formula:

Breakeven Point (in units) = Fixed Costs / Contribution Margin per Unit

Contribution Margin per Unit = Sales Price per Unit - Variable Costs per Unit

Given the following information:

Sales Price per Unit = $80,000 / 8,000 units = $10 per unit

Variable Costs per Unit = $24,000 / 8,000 units = $3 per unit

Fixed Costs = $10,000

Contribution Margin per Unit = $10 - $3 = $7 per unit

Breakeven Point (in units) = $10,000 / $7 = 1,428.57 units

Now, let's calculate the new margin of safety in units:

New Margin of Safety (in units) = Actual Sales Volume - Breakeven Point

Actual Sales Volume = 8,000 units

New Margin of Safety (in units) = 8,000 units - 1,428.57 units = 6,571.43 units

learn more about margin here

https://brainly.com/question/32248430

#SPJ11