During Year 1, its first year of operations, Benitez Co. reported sales of $620,000. At the end of Year 1, the company estimated its warranty obligation at 2% of sales. During Year 1, the company paid $8,400 cash to settle warranty claims. Which of the following statements is true?A. Cash decreased by $8,400 as a result of the accounting events associated with warranties in Year 1
B. Warranty expenses would decrease net earnings by $26,400 in Year 1.
C. All of these answers are correct
D. The warranties payable account has a balance of $8,400 at the end of Year 1
Answers: 3
Business, 21.06.2019 22:10, gagem1278
Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?
Answers: 3
Business, 22.06.2019 12:00, kaylallangari549
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
Answers: 2
During Year 1, its first year of operations, Benitez Co. reported sales of $620,000. At the end of Y...
Mathematics, 20.03.2020 04:27
Chemistry, 20.03.2020 04:27
Mathematics, 20.03.2020 04:27
Biology, 20.03.2020 04:27