The correct option is C. The purpose of a warranty is to repair or replace a defective purchase or item. A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally guaranteed service replacement or issue a correction for the period of the warranty.
What is the difference between a guarantee and a warranty?The primary distinction between a guarantee and a warranty is that the former is normally cost-free while the latter typically charges a fee for the coverage. The beautiful thing about a guarantee is that it strengthens your legal rights under consumer law and is legally enforceable.
A warranty is a seller's promise that they will fix or replace defective goods within a set period. A guarantee is a seller's assurance that a product will satisfy particular performance or quality requirements. If not, a repair or replacement will be made.
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Closing entries Group of answer choices need not be journalized if adjusting entries are prepared need not be posted if the financial statements are prepared from the end-of-period spreadsheet are not needed if adjusting entries are prepared must be journalized and posted
In Financial accounting, closing entries: D. must be journalized and posted.
What are closing entries?Closing entries can be defined as journal entries that are made at the end of an accounting period and it involves the transfer of financial data from temporary accounts to permanent accounts.
In Financial accounting, it is a general rule that all closing entries must be journalized and posted at the end of an accounting period.
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During a two-month period Lladro Comercial, S.A., the manufacturer of handcrafted porcelains, donated ten percent of its retail profits to the Susan G. Komen Breast Cancer Foundation. The action was legal and ethical and allowed the company to still be profitable. According to the pyramid of corporate social responsibility, it was acting at the _____ responsibilities level.
According to the pyramid of corporate social responsibility, it was acting at the philanthropic responsibilities level.
What is social responsibility?Social responsibility is the responsibility of every individual to work for the welfare of the society, it is the help from the individual. The help can be of anyway like donate money, free volunteering in any occasion, explaining the importance of things to the people.
Thus, it is philanthropic responsibilities level.
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Wells technical institute (wti) provides training to individuals who pay tuition directly to the school. wti also offers training to groups in off-site locations. wti initially records prepaid expenses and unearned revenues in balance sheet accounts. its unadjusted trial balance as of december 31 follows, along with descriptions of items a through h that require adjusting entries on december 31.
Wells Technical Institute's method of recording unearned revenues and prepaid expenses into its balance sheet accounts is known as an accrual method of accounting.
What is accrual method?A method of accounting in which the payments and the receipts for a business are recorded in the books of accounts at the time they are due, but not yet received, is known as the accrual method of accounting.
Hence, the significance of accrual method is given above.
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Suppose that the manager of a company has estimated the probability of a super-event sometime during the next five years that will disrupt all suppliers as 5%, and the probability of a unique-event that would disrupt one of them sometime during the next five years to be 10%. Supplier management costs during this period are $30,000 per supplier. The financial cost incurred if all suppliers are disrupted at the same time is estimated to be $2,000,000. Assume that up to five nearly identical suppliers are available. How many suppliers should the manager use?
Based on the financial cost incurred if supply is disrupted and the probability that this happens, the number of suppliers the manager should use is Two (2) suppliers.
How many suppliers should be used?If 3 suppliers are used, the probability of disruption would be:
= Probability of super event + (1 - Probability of super event) x Probability of unique event^ number of suppliers
= 5% + (1 - 5%) x 10%³
= 0.145
The payoff would be:
= 2 million x 0.145 + 30,000
= $191,900
With two suppliers:
= 2 million x (5% + (1 - 5%) x 10%²) + 30,000
= $169,000
With one supplier :
= 2 million x (5% + (1 - 5%) x 10%) + 30,000
= $320,000
The lowest cost is with 2 suppliers so this should be chosen.
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The top five cities where venture capitalists are investing their money represent 10% of the global total.
True
False
The statement that investments made by venture capitalists represent 10% of the global total is a true statement.
What is a venture capital investor?A venture capitalist (VC) is an investor that gives younger organizations with capital an alternative for equity. New organizations regularly flip to VCs for the investment to scale and commercialize their products.
Venture capital is a shape of personal equity financing this is supplied via way of means of venture capital companies or finances to startups, early-stage, and rising agencies that have been deemed to have excessive growth ability or that have proven high boom.
Hence, The statement that investments made by venture capitalists represent 10% of the global total is a true statement.
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________ is a companywide effort to continuously improve the ways people, machines, and systems accomplish work.
An effort to improve the ways people, machines, and systems accomplish work is known as total quality management.
What is TQM?TQM is defined as a system of management in which is a firm has focused on the customer in which all employees participate in continuous improvement. It integrates quality into the culture and brings improvement through strategy, data, and effective communication.
It helps to reduce the cost of activities by improvising them effectively with techniques. This will leads to an increase in the productivity of workers. When the productivity is high, the deadlines will be achieved completely resulting in optimum utilization of resources.
It helps in formulating strategies for improvement and works for effective decision-making to transform the process of business. It will help to effectively communicate with the employees to improve their efficiency and boost their morale.
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The discounted payback period Blank _____ account for the time value of money, and the payback period Blank
The discounted payback period does account for the time value of money, and the payback period does not.
What is discounted payback period?
A method of capital budgeting used for determining a project's profitability is known as discounted payback period. This will be done by recognizing the time value of money and by discounting cash flows of the future.
The payback period is the amount of time it takes for an asset's net cash flows to pay back the amount invested in it. It's a quick and easy technique to assess the risk of a given project.
The advantage of this method is utilized in selecting the projects as this method helps to determine the profitability of any project by identifying measures to reach the break-even point in any project.
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Jacob's physical toy store relies on offline metrics, such as store visits and in-store sales. He's heard that specialized campaign types can help him meet these kinds of goals. Which campaign type can help Jacob achieve his offline business objectives?
Brand awareness campaign is the type of campaign that is done by the Jacob in hi physical store as he doing store visits and in-store sales and heard that specialized campaign types can help him meet these kinds of goals.
What is brand awareness campaign?Brand awareness campaign is mostly done to promote the new brand or the unknown brand, which needs exposure to get well placed in the market.
Brand awareness is very useful tool for the company as they promotes the products plus brand name ans make the remark of the brand in customer's mind.
Thus, it is Brand awareness campaign.
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Customer relationship management (CRM) helps firms gain and maintain competitive advantage by: a. encouraging them to produce standardized goods. b. merging all demographic-based and behavior-based segments of markets. c. studying which goods and services are purchased together. d. prohibiting them from bundling goods and services together.
Answer:
A. Encouraging them to produce standardized goods
Products that have revisions that take more than 1 year can not be revised until the following year. True or False
Products that have revisions that take more than 1 year can not be revised until the following year. Thus, the statement is true.
What is a product?A product is referred to as a finished item that is ready for sale in the market to serve the customers. These products are tangible in nature so that people can see, touch and use them.
Product revision has been referring to making any modifications or changes to the current product. These product revision has been done when customers are not satisfied with the quality or packaging of the product.
When the product is revised with a time duration of 3 months then this will be considered efficient whereas if takes time of more than a year, it will be considered a product failure.
The revision should not cause delay because there are many competitors available in the market to capture the target audience of your business.
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Sarah and john are in a car accident. The accident occurs in North Carolina, Sarah is a resident of tennessee and john is a resident of south carolina. Sarah is suing john , asking for $100,000 in damages to cover the cost of repairs and injuries suffered. a. Which states have jurisdiction over this case think Personal Jurisdiction) and Why
The states that have jurisdiction over this case think Personal Jurisdiction is: North Carolina.
States that have jurisdiction over the caseBased on the given scenario the states that have jurisdiction over this case think Personal Jurisdiction is North Carolina because the car accident happened in North Carolina.
Based on this North Carolina courts will tend to have subject matter jurisdiction over the cause of action.
In a situation were Sarah files her claim in North Carolina the courts will have personal jurisdiction over John who is a resident of South Carolina because he committed a tort offence in North Carolina.
Therefore the states that have jurisdiction over this case think Personal Jurisdiction is: North Carolina.
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Macie has $25 in her checking account when her electronic funds transfer system (EFTS) card and personal identification number (PIN) are stolen. If Macie notifies her bank tomorrow, the day after the theft of her card, her loss is limited to: Group of answer choices
Macie's loss is restricted to the amount in his checking account if she doesn't notify her bank the day after her card is stolen. Limited amount checking account notifies next day card stolen.
What should a person do when his cards are stolen?Consumers must inform the loss of an ATM card, PIN number, or online banking password within two days of receiving their bank statement that reflects the crime.
Therefore, consumers that misuse their credit cards are only liable for $50 in losses.
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is coke and pepsi a duopoly
Answer:
Rivalry between Coca-Cola and PepsiCo is not a form of warfare: it is a competitive oligopoly. We might even say it’s a duopoly because the two firms control almost the entire market for soda-flavoured colas.
Explanation:
In addition to intelligence collection, processing and exploitation, and analysis and production, what other results must collection managers continuously monitor for
The other results that collection managers should monitor for process effectiveness are disclosure to determine whether information requirements are met.
What is the role of a collection manager?Related to the supervision and control of an organization's collection department, generating effectiveness in billing and receiving payments.
Therefore, collection managers are professionals responsible for maintaining the company's financial balance in relation to negotiations with customers and partners.
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At the end of 2017, Stacky Corp. had $500,000 in liabilities and a debt-to-assets ratio of 0.5. For 2017, Stacky had an asset turnover of 3.0. What were annual sales At the end of 2017, Stacky Corp. had $500,000 in liabilities and a debt-to-assets ratio of 0.5. For 2017, Stacky had an asset turnover of 3.0. What were annual sales for Stacky in 2017
The annual sales for Stacky Corp. at for the year 2017 will amount to $3,000,000.
What is annual sales?The total amount of products sold throughout a financial year by a corporation is known as the annual sales of such corporation.
Using the given information, it can be ascertained that:
Debt-to-Equity Ratio of 0.5 and liabilities of $500,000 means that firm's assets will be, $1,000,000. Calculating further,
[tex]\rm Asset\ Turnover\ Ratio = \dfrac{Sales}{Assets}[/tex]
Using the given formula, it can be ascertained that the total annual sales of the Stacky Corp for the year 2017 will be $3,000,000.
Hence, the annual sales of the corporation is calculated as above.
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A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.
The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.How do you calculate disabilities?In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.
One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.
Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.Learn more about disability payments from
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Your creditworthiness is measured by a number called a.
Question 5 of 20
Which is an advantage of paying off a liability?
OA. The liability remains a liability.
B. The liability starts to lose valu
OC. The liability starts to gain value.
OD. The liability can become an asset.
Answer:
OD is the answer because a liability can become an asset once paid
An advantage of reimbursing the liability is that it becomes an asset when it is being paid.
Option D is correct.
What is an asset?An asset is the monetary resource of a company which is acquired so that the company would get the maximum benefits in the near future. It is the secondary part of balance sheet which is further classified into two parts namely, current and non-current assets.
Liability is referring to the obligation of a company regarding which the repayment would be done after a certain period of time. In order to repay the liabilities like short-term and long-term borrowings, the assets which can be easily converted into cash are being considered. For instance, the amount due from debtors is a current liability and when it is paid, then it is considered to be a current asset.
Therefore, the advantage written in option D is correct.
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What it the present value of $2,000 that you expect to receive in 3 years assuming you could invest the money today and earn a 5% annual return?.
A present value of $2,000 that you expect to receive in 3 years, the future value is mathematically given as
F=2315.24
What is the Future value of $2,000?Generally, the equation for the present value is mathematically given as
P= fv*1/(1+r)n
Therefore
2000=F *1/(1+0.05)^3
F=2315.24
In conclusion, the Future value
F=2315.24
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Which is not a major concern of socially responsible consumers?
O labor conditions
O tax deductions
O use of resources
O charitable activities
One thing that is not a major concern for socially responsible consumers is tax deductions.
What are the concerns of socially responsible consumers?These are people who worry about the impact of their consumption on people. As a result, they call for better labor conditions and for equitable use of resources.
They do not care much for tax deductions because they simply want a better life for others.
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Small businesses can motivate their workers without increasing costs by giving them: Multiple select question. very small, but frequent pay raises a collaborative work environment stock options or equity stakes more frequent performance appraisals
Small businesses can motivate their workers without increasing costs by giving them performance appraisals
What is performance appraisals?Performance appraisals comes from rating the performance of an employee.
This is done by looking into productivity of the individual over a period of time.
Therefore, Small businesses can motivate their workers without increasing costs by giving them performance appraisals
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Which of the following are the characteristics of a competitive market? Multiple select question. A surplus of narrow range of products A large number of buyers but a small number of sellers A large number of buyers and sellers Standardized products
A surplus of a narrow range of products, a large number of buyers and sellers Standardized products, options A and C are correct
Characteristics of a competitive market?The definition of a competitive market is one that is composed of products that are good alternatives to each other.
In a competitive market, firms try to capture a large amount of the market share to keep up with business.
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Answer:
A surplus of narrow range products, Standardized products, and A large number of buyers and sellers.
Explanation:
A supervisor asks the HR manager for advice on delivering performance feedback. The supervisor finds that the meetings tend to be confrontational and don't lead to performance improvement. She tells the HR manager how she carefully fills out the appraisal form ahead of time and then invites the employee into the conference room to discuss her feedback immediately, before the employee has time to think up excuses for poor performance. What is the best advice the HR manager should give the supervisor for delivering performance feedback
The best advice that the HR manager should give the supervisor for delivering performance feedback is that he should give employees a chance to complete a self assessment ahead of time.
What is a performance feedback?It should be noted that performance feedback is simply used in an organization to evaluate the performance of the workers.
In this case, the best advice that the HR manager should give the supervisor for delivering performance feedback is that he should give employees a chance to complete a self assessment ahead of time.
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During a financial statement audit an internal auditor may provide direct assistance to the independent CPA in performing. Tests of controls Substantive Tests A. Yes Yes B. Yes No C. No Yes D. No No Multiple Choice Option A Option D Option C Option B
During a financial statement audit an internal auditor may provide direct assistance to the independent CPA in performing both tests of controls and substantive tests.
What is audit ?
Audit is the checking or inspection of the account of the company in order to make sure a ll the transactions are recorded systematically and accurately. it is done to check the correctness of the accounts provided by the companies in the financial accounts.
During the auditing of financial statements, auditor provides helps to the Certified Public Accountant by performing both the test of control and substantive tests.
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The results of your assessments define a career you can follow for the rest of your life.
A. True
B. False
The results of your assessments cannot define a career you can follow for the rest of your life. Therefore, it's false.
What is a career?It should be noted that a career simply means the job or occupation that an individual does for a living.
In this case, tn results of your assessments cannot define a career you can follow for the rest of your life. Therefore, it's false.
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Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives Manhattan a deed that conveys only whatever interest Northeast has in the strip. This deed is
"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.
What is a deed?Generally, the deed is simply defined as Legal documents that are signed and delivered, particularly those that deal with property or legal rights.
In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.
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Advertising, fashion trends, and new product introductions serve to.
Answer:
Create consumer demand.
Explanation:
Advertising helps promote your product so people will want to buy it.
Most loans are paid back in __________ installments. a. daily b. weekly c. monthly d. yearly.
What are benefits of 2023 leaf’s available hybrid heater system?.
The benefits of 2022 Nissan LEAF's available hybrid heater system are:
increases driving range Enhances the efficiency of the coil.Why is the 2022 Nissan LEAF's available hybrid heater system better?The hybrid heater is so special because if its efficiency unlike the previous model of the heater.
Therefore, when the heater is on, the driving range usually goes up.
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why are medical related profession and human resources important