Which type of estimating uses project characteristics in a mathematical model to estimate project costs

The adjusting entry to correct the debit balance in the allowance for doubtful accounts and record the required amount for doubtful accounts will be as follows:

Debit: Bad Debts Expense $17,700

Credit: Allowance for Doubtful Accounts $21,700

In the given scenario, the unadjusted trial balance of Nairobi Corp. shows that the accounts receivable balance is $295,000, and the allowance for doubtful accounts has a debit balance of $4,000. This means that the company has recorded more bad debts expense than required, resulting in a debit balance in the allowance account.

To correct this error, we need to adjust the allowance for doubtful accounts balance to its normal credit balance, which is 6% of accounts receivable.

As per the given information, 6% of accounts receivable is $17,700 ($295,000 x 6%).

Therefore, we need to credit the allowance for doubtful accounts by $21,700 ($17,700 + $4,000).

To know more about credit balance here

https://brainly.com/question/14979968

#SPJ4

Complete Question:

At December 31, 2020, Nairobi Corp.'s unadjusted trial balance includes the following balances:

                                                                 Debit                           Credit

Accounts receivable                      $295,000

Allowance for doubtful accounts                                    $4,000

Sales (80% on credit)                   $1,000,000

Assume that all information from the trial balance above is the same, except that the Allowance for Doubtful Accounts has a DEBIT balance of $4,000 instead of a credit balance. Prepare the appropriate entry if the allowance should be 6% of accounts receivable.

The ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30 is $253,300.

To find the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30 for Bright Minds Toy Company, we need to follow these steps:

1. Calculate the sales on account for each month that remain uncollected at the end of June.
2. Add up the uncollected sales on account to find the ending accounts receivable balance.

Step 1 : Calculate the sales on account that remain uncollected at the end of June.
> For April sales on account : 10%  of $385,000 = $38,500
> For May sales on account  : 20% of $444,000 = $88,800
> For June sales on account : 30% of $420,000 = $126,000

Step 2 : Add up the uncollected sales on account to find the ending accounts receivable balance.
> $38,500 (April) + $88,800 (May) + $126,000 (June) = $253,300

Therefore, the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30 is $253,300.

To know more about receivable balance refer here :

https://brainly.com/question/18598165#

#SPJ11

The Nash equilibria have changed. There is now only one Nash equilibrium, which is both firms charging low prices (2, 2).  It's also possible that one firm still charges a high price, and the other charges a low price, resulting in the same Nash equilibrium as before.

a. Payoff Matrix:

|           | Firm B Low Price | Firm B High Price |
|-----------|------------------|-------------------|
| Firm A Low Price  | (2, 2)          | (4, 1)           |
| Firm A High Price | (1, 4)          | (3, 3)           |

b. Dominant Strategy:

There is no dominant strategy for either firm in this game, as there is no clear optimal choice regardless of the other firm's decision.

c. Nash Equilibria:

There are two Nash equilibria in this game: (1) both firms charging low prices (2, 2), and (2) both firms charging high prices (3, 3). In both of these situations, neither firm can improve their payoff by unilaterally changing their strategy.

d. New Payoff Matrix after tax:

|           | Firm B Low Price | Firm B High Price |
|-----------|------------------|-------------------|
| Firm A Low Price  | (2, 2)          | (4, 0.5)         |
| Firm A High Price | (0.5, 4)        | (2.5, 2.5)       |

In this new scenario, the Nash equilibria have changed. There is now only one Nash equilibrium, which is both firms charging low prices (2, 2). In this situation, neither firm can improve their payoff by unilaterally changing their strategy.

For more about equilibrium:

https://brainly.com/question/30807709

#SPJ4

a. As a project manager, you should compare the costs of purchasing vs leasing the software and hardware for the estimated project duration of 3 years. Purchasing involves a $40,500 software cost, $52,000 hardware cost, and a $3,000 yearly maintenance fee after the first year. The servers have a monthly operating cost of $250 starting from the first month. Leasing involves a $7,000 initial setup fee and a $3,000 monthly utilization charge.
Purchasing cost for 3 years:
$40,500 + $52,000 + ($3,000 x 2) + ($250 x 36) = $95,000 + $6,000 + $9,000 = $110,000
Leasing cost for 3 years:
$7,000 + ($3,000 x 36) = $7,000 + $108,000 = $115,000
In this case, purchasing is the cheaper option by $5,000, so you should buy.

b. If the project finishes six months early at 2.5 years, the leasing cost will be:
Leasing cost for 2.5 years:
$7,000 + ($3,000 x 30) = $7,000 + $90,000 = $97,000
At 2.5 years, purchasing is still cheaper by $13,000, so you should continue with the decision to buy.

c. If you purchased the software, the expenses after the project completion would include the yearly maintenance fee and the monthly operating cost for the servers. The factors affecting this decision would be the company's plans for the software and hardware after the project, potential resale value, and alternative uses of the resources within the company.

Know more about "purchasing vs leasing".

https://brainly.com/question/16309634

#SPJ11

The correct option is a.

Potential benefits of measuring the units of the dependent variable y in log form are as follows:

a. Logged dependent variables provide better estimates for values of the dependent variable that are less than 1. This is because the logarithmic transformation compresses the values close to zero, making them easier to model.

b. When y>0, models using log(y) often satisfy the classic linear model (CLM) assumptions more closely than models using y do. This is because the logarithmic transformation stabilizes the variance of the errors, making the assumption of constant variance more likely to hold.

c. Logged variables can make OLS estimates less sensitive to outliers. This is because the logarithmic transformation reduces the impact of extreme values on estimating the regression coefficients.

d. Using the logged form of the dependent variable reduces issues associated with heteroskedasticity. This is because the logarithmic transformation can help to reduce the dependence of the variance of the errors on the level of the dependent variable, making the assumption of constant variance more likely to hold.

From the coefficient estimate of β2, holding x1 constant, when x2 increases by 1 unit, y changes by β2 multiplied by 100%, which is only an approximation that becomes more inaccurate as the change in log(y) increases. However, when x2 increases by one unit, yˆ changes by exactly β2 multiplied by 100%. When x2 decreases by one unit, yˆ changes by exactly -β2 multiplied by 100%.

Know more about "dependent variable".

https://brainly.com/question/29430246

#SPJ11

The answer to this question would depend on the current cost of nitrogen and the potential yield increase from adding 100 pounds of nitrogen.

If the current cost of nitrogen is more than 25 cents a pound, then adding 100 pounds of nitrogen at 25 cents a pound would result in a cost savings. On the other hand, if the current cost of nitrogen is less than 25 cents a pound, then adding 100 pounds of nitrogen at 25 cents a pound would result in an increased cost.

Similarly, if the potential yield increase from adding 100 pounds of nitrogen is greater than the cost of adding the nitrogen, then it would be cost-effective to add the nitrogen. If the potential yield increase is less than the cost of adding the nitrogen, then it would not be cost-effective to add the nitrogen.

In summary, the cost of adding 100 pounds of nitrogen at 25 cents a pound would depend on the current cost of nitrogen and the potential yield increase from adding the nitrogen.

To know more about potential yield , refer here :

https://brainly.com/question/13145546#

#SPJ11

In this excerpt, the saying that could summarize Maucher's balanced leadership is "leading by example." Maucher's approach demonstrates a blend of strong guidance, collaboration, and adaptability.

By exhibiting these traits, he encourages his team to adopt similar practices in their work, fostering a positive and productive environment. His leadership style promotes open communication, shared responsibility, and adaptability to new ideas or challenges. For example, the excerpt states that Maucher was able to "bring together two cultures and integrate them" when he took over Nestle's German division.

Therefore, "leading by example" succinctly captures Maucher's balanced approach to leadership, as it reflects his ability to inspire others through his own actions and attitudes.

Know more about "Maucher's balanced leadership approach".

https://brainly.com/question/28965758

#SPJ11

The United States follows a mixed economic system, where the means of production are privately owned and profits are pursued, but the welfare of the population is protected by a system of laws.

This mixed economic system combines elements of both capitalism and socialism. In this system, individuals and businesses operate with a focus on generating profits through private ownership, while the government plays a role in regulating and protecting public interests.

Step 1: Identify the key terms - mixed economic system, means of production, privately owned, profits, welfare, population, and system of laws.

Step 2: Explain the mixed economic system - In the United States, the mixed economic system allows for private enterprises to operate with limited government intervention, enabling businesses to thrive and generate profits while maintaining a balance with social welfare and public interests.

Step 3: Describe private ownership - In the mixed economic system, the means of production, such as land, labor, and capital, are privately owned by individuals or businesses, which are driven by the goal of making profits in a competitive market.

Step 4: Address the welfare aspect - Although the pursuit of profits is a significant driving force in the United States' mixed economy, the government ensures that the welfare of the population is protected through a system of laws.

These laws aim to maintain a balance between economic growth and social welfare by regulating areas such as minimum wage, labor rights, environmental protection, and consumer protection.

In conclusion, the United States follows a mixed economic system that encourages private ownership and profit generation while safeguarding the welfare of the population through a system of laws. This system allows for economic growth and development while ensuring a degree of social equity and protection for the public.

To know more about mixed economic system refer here:

https://brainly.com/question/29798492#

#SPJ11

Grace made her exchange on Saturday (option d). To determine the day Grace made her exchange of ¥34,712 for £242.73, we need to compare the exchange rates provided for each day:

1. Calculate the exchange rate on the day Grace made the exchange:
Exchange rate = Yen amount (£34,712) / Pound amount (£242.73)
Exchange rate = 34,712 / 242.73 ≈ 143.007

2. Compare this exchange rate with the given daily rates:
a. Monday: 1:148.176
b. Tuesday: 1:144.209
c. Wednesday: 1:149.890
d. Thursday: 1:141.014
e. Friday: 1:138.650
f. Saturday: 1:143.007

3. Match the calculated exchange rate to the correct day:
The calculated exchange rate (143.007) matches the rate on Saturday (1:143.007).

So, Grace made her exchange on Saturday (option d).

To know more about  exchange rates refer here:

https://brainly.com/question/29804445#

#SPJ11

Answer:

The answer is D.) Saturday

Explanation:

The entry to record the sale of the tractor on January 1, 2015 will show:Cash -$35,000, Accumulated depreciation-$33,000, Loss on sale of tractor $22,000, Tractor- $90,000

The accumulated depreciation is calculated as follows:

Total estimated hours of operation = 8 years x 10,000 hours/year = 80,000 hours

Depreciation per hour = (Cost - Salvage value) / Total estimated hours of operation

Depreciation per hour = ($90,000 - $10,000) / 80,000 hours = $1.00 per hour

Total depreciation for 2,400 hours in 2013 = 2,400 hours x $1.00/hour = $2,400

Total depreciation for 2,100 hours in 2014 = 2,100 hours x $1.00/hour = $2,100

Accumulated depreciation as of January 1, 2015 = $2,400 + $2,100 = $4,500

The loss on the sale of the tractor is calculated as follows:

Sale price - Book value = $35,000 - ($90,000 - $4,500) = $22,000.

learn more about Accumulated depreciation here:

https://brainly.com/question/30369224

#SPJ11

Globalization is on the rise, meaning both multinationals and minifirms have better chances of succeeding overseas. As per the given video case, Chinese demand for coffee has tripled in the past few years, and the Chinese millennials are embracing the coffee house culture.

Every 15 hours, Starbucks opens a new store in China. From this, we can assume that the demand for coffee in China is growing quickly and is likely to keep doing so in the future.

So, the answer to the question is yes, China will probably still want coffee in the future for a number of reasons.

First, more and more Chinese millennials are adopting western ways of life, such as the coffee culture.

Second, as Chinese consumers' incomes have grown, they have become more willing to try new things and experiment with their tastes.

Lastly, the growing number of coffee shops in China, including international brands like Starbucks, has made it easier for Chinese people to get coffee, which has led to a rise in demand.

Because of this, coffee sales in China are likely to keep going up in the future.

Read more about Globalization.

https://brainly.com/question/29551844

#SPJ11

Answer:

To determine which projects Ziege Systems should accept, we need to compare the projects' rates of return with the adjusted WACC based on their risk levels.

For high-risk projects, the adjusted WACC is 12.75% (10.75% + 2%), and for low-risk projects, the adjusted WACC is 8.75% (10.75% - 2%).

For projects A, B, E, and F, which are high-risk projects, we can calculate their adjusted net present values (NPVs) using the adjusted WACC of 12.75%:

For projects C, D, G, and H, which are low or average-risk projects, we can calculate their adjusted NPVs using the adjusted WACC of 8.75%:

Based on these calculations, Ziege Systems should accept projects C, D, G, and H because they have positive adjusted NPVs. Projects A, B, E, and F should be rejected because they have negative adjusted NPVs.

If Ziege Systems can only invest a total of $13 million, it should select projects C, D, and H, which have a total required investment of $8 million and a total adjusted NPV of $431,200.16 ($211,039.03 + $851,739.13 - $2,631,578.95). Project G has a higher adjusted NPV, but it is more expensive than project H and would push the total investment over the budget constraint.

Therefore, the dollar size of Ziege Systems' capital budget would be $13 million.

If on august 05, intel corporation returns $500 of the machinery due to defects, On August 09, Intel pays Bally Manufacturing $7,660.

Assuming that Bally Manufacturing uses the calendar month, the 510 EOM terms mean that the payment is due on the 10th day of the month following the end of the month (EOM) of the invoice date. Therefore, Intel Corporation's payment is due on September 10 (i.e., 31 days from July 27).

Since Intel receives a 40% trade discount, the net price of the machinery is calculated as:

Net Price = List Price - (Trade Discount x List Price)

Net Price = $13,600 - (0.4 x $13,600)

Net Price = $8,160

Since Intel returns $500 of the machinery on August 05, the amount of the payment due is reduced by $500, resulting in a new amount due of $7,660 ($8,160 - $500).

To learn more about price click on,

https://brainly.com/question/25307689

#SPJ4

Inventory is reported in the financial statements at the lower-of-cost-or-market.

Inventory describes items that are offered for sale in individual units. Initial cost entries are made for inventory.  According to the lower of cost or market (LCM) technique, a company's inventory is valued and recorded on the balance sheet at the lesser of its historical cost or its market value.

Companies can declare losses using the lower of cost or market (LCM) technique by depreciating the value of the impacted inventory items. This amount might be decreased to market value, which is the midpoint in the cost to replace the goods. The amount at which the item of inventory was written down is shown on the balance sheet under cost of goods sold.

Option D is the correct answer.

The complete question is "Inventory is reported in the financial statements at:

A. the higher-of-cost-or-market.

B. market.

C. cost.

D. the lower-of-cost-or-market."

Learn more about Inventory here:

https://brainly.com/question/26977216

#SPJ4

The practice of marketing at least two brands together on a similar bundle or advancement is known as "co-branding." Therefore, option (B) is accurate.

Co-branding is an essential showcasing procedure where at least two deep rooted brands team up to make a joint item, bundle, or advancement. By joining their image value and client acknowledgment, co-branding expects to make an interesting and appealing contribution that requests to a more extensive crowd and improves the apparent worth of the item.

Co-branding can reinforce the situating of the two brands, increment brand mindfulness, and lead to commonly valuable results for the teaming up organizations. It permits organizations to use each other's assets and relationship to make a seriously convincing and cutthroat suggestion on the lookout.

Therefore, option (B) is correct.

Learn more about Co-branding, from:

brainly.com/question/31544651

#SPJ12

Spotify's business model is primarily based on a subscription-based streaming service that provides users with access to a vast music library. The company generates revenue through its subscription plans and advertising on its free version.

One of the key features/characteristics of Spotify's business model is its focus on providing a personalized and user-friendly experience. This has helped the company attract a large and loyal user base, which has contributed to its success.

However, Spotify has faced profitability issues in the past, and these have been largely attributed to the high cost of licensing music from record labels. These issues are not unique to Spotify and are a common challenge for streaming services in the music industry.

It is difficult to say whether these profitability issues are temporary or a characteristic of the business model, as they depend on a variety of factors, including the cost of music licensing and competition in the market. However, Spotify has shown resilience and innovation in the face of these challenges, launching new features such as podcasts and expanding its offerings to other forms of media. Overall, while profitability remains a concern, Spotify's business model continues to be successful and popular among users.

To know more about the "business model": https://brainly.com/question/24448358

#SPJ11

In the scenario of union leaders meeting with the owners of a steel manufacturer to negotiate a new five-year contract for union employees, both sides of the union-management negotiation team must consider the unpredictability of future inflation for the following reasons:

Wage adjustments: Union management will likely demand wage adjustments to account for expected inflation over the contract period. They will want to ensure that the purchasing power of employees' salaries is maintained. The management, on the other hand, will need to assess the financial feasibility of these wage adjustments in light of potential inflation and its impact on the company's overall expenses.

Cost of living adjustments (COLAs): Both parties may agree on incorporating COLAs in the contract to address the impact of inflation on employees' cost of living. These adjustments, usually tied to an inflation index, allow for periodic increases in wages based on changes in the cost of living.

Long-term financial planning: Both parties need to consider the long-term financial implications of the contract, taking into account possible fluctuations in inflation rates. They may want to include clauses that allow for contract renegotiation or reevaluation if significant changes in the economic environment occur, such as unusually high inflation.

In conclusion, when negotiating a new five-year contract for union employees, both the union and management must take the unpredictability of future inflation into account. This involves considering wage adjustments, cost of living adjustments, benefits, and long-term financial planning to ensure a fair and sustainable agreement for all parties involved.

To know more about inflation visit here:

https://brainly.com/question/30112292

#SPJ11

Confederation, generally speaking, is any league, union, or association of people. The phrase is mainly only used in relation to permanent unions of independent states for shared objectives in modern politics, such as the German Confederation created by the Congress of Vienna in 1815.

A confederation was established between Russia and Belarus in 1999 as a result of a contract that went into effect on January 26, 2000. Despite having the name Union State and some federation-like traits, it is still a confederation of two sovereign states.

Learn more about the Confederation here:

https://brainly.com/question/11649223

#SPJ1

The impact of substituting machinery for labor and using foreign labor on American consumers and workers, as well as considering whether the government should regulate these practices. Here's a concise answer addressing your question:

The substitution of machinery for labor and the use of foreign labor can affect American consumers and workers in various ways. For consumers, these practices may result in lower prices and more efficient production of goods, as businesses can save on labor costs and pass these savings onto consumers. However, this may also lead to concerns regarding product quality and safety, as manufacturing overseas might have less stringent regulations and oversight.

For American workers, the shift towards machinery and foreign labor may lead to job losses in certain industries, as businesses seek to reduce costs and stay competitive in the global market. This can create challenges for workers who need to find new employment opportunities or acquire new skills to adapt to the changing job landscape.

As for government regulation, it is essential to balance the benefits and costs of these practices. On one hand, promoting innovation and competitiveness is vital for the economy. On the other hand, protecting the well-being and employment opportunities of American workers is also important. The government could consider implementing policies that support worker retraining and education to better equip them for the evolving job market, rather than strictly regulating the use of machinery or foreign labor.

Remember to respond to two other students' posts by name and incorporate critical thinking and good communication skills in your response. Additionally, include any necessary references to support your viewpoints.

know more about "substitution ".

https://brainly.com/question/29383142

#SPJ11

Culturally specific variable that can impede the adoption of servant leadership within a specific cultural perspective is the concept of hierarchy and focus on individualism versus collectivism.

In some cultures, there is a strong emphasis on respect for authority and a clear hierarchy of power. This can lead to reluctance to adopt servant leadership, as it may be perceived as undermining traditional power structures.

Another culturally specific variable that can impede the adoption of servant leadership is the focus on individualism versus collectivism.

In cultures that place a high value on individualism, there may be a reluctance to prioritize the needs of others over the needs of the individual.

Servant leadership, which emphasizes the importance of serving others and putting their needs first, may be seen as conflicting with this individualistic mindset.

Overall, it is important to recognize and understand cultural differences when promoting the adoption of servant leadership.

To know more about individualism refer here:

https://brainly.com/question/8179719#

#SPJ11

a) In the short run, the firm should continue to produce and sell its products since it is covering its variable costs and generating a contribution margin of $45 per unit.

b) In the long run, the firm should evaluate whether it can increase its efficiency and reduce its average costs to increase profitability.

a) The contribution margin is calculated by subtracting the average variable cost of $25 per unit from the selling price of $70 per unit. Although the firm is not covering all of its fixed costs with this contribution margin, it is better to continue to operate and cover some of the fixed costs than to shut down and cover none of the fixed costs.

b) If it cannot reduce its costs, it may need to consider exiting the market or diversifying its product line. If the firm can reduce its costs, it can consider expanding its production and sales to increase its revenue and profitability.

Ultimately, the firm needs to ensure that it can cover its total costs, including both variable and fixed costs, and generate a profit in the long run to remain in business.

To learn more about firm click on,

https://brainly.com/question/13166047

#SPJ4

The given statement "The legal contract between the bondholders and the issuer is called the bond" is true a bond is a debt security issued by corporations, municipalities, and governments to raise capital for various purposes, such as financing projects or expansion plans.

The bond contract outlines the terms and conditions of the bond issue, including the principal amount, interest rate, maturity date, and payment schedule. The bondholders lend money to the issuer in exchange for regular interest payments and the repayment of the principal amount at maturity. The bond contract also includes covenants that protect the interests of the bondholders, such as restrictions on the issuer's ability to issue additional debt or make certain business decisions.

Overall, the bond contract is a critical document that establishes the legal obligations of both the issuer and the bondholders and ensures that the bond issue is executed in a transparent and fair manner.

For more about legal contract:

https://brainly.com/question/14728218

#SPJ11

Answer:

wood

Explanation:

as wood is gotten from trees.When is finished we can cut down trees and get more wood hence it is renewable

The renewable resource is wood. The correct option is wood.

Renewable resources are natural resources that can be replenished over time, either through natural processes or human intervention. Wood is a renewable resource because trees can be replanted and regrown after they have been cut down for their timber. Sustainable forest management practices ensure that the rate at which trees are cut down does not exceed the rate at which they are regrown, allowing forests to recover and maintain their ecological balance.

In contrast, petroleum, iron, and coal are non-renewable resources. Petroleum and coal are fossil fuels, which are formed over millions of years from the remains of plants and animals. Once these resources are extracted and used, they cannot be replaced within a reasonable timeframe. Iron is a metal extracted from the Earth's crust through mining. Although it is abundant in the Earth's crust, it is also considered non-renewable because its extraction and use deplete the finite reserves of iron ore.

In conclusion, wood is the renewable resource among the options provided, as it can be replenished through sustainable forestry practices. Petroleum, iron, and coal are non-renewable resources, as their extraction and use deplete finite reserves that cannot be replaced within a reasonable timeframe. The correct option is wood.

For more about renewable resource:

https://brainly.com/question/19604560

#SPJ11

The transactions are Mar. 2: Legal Services Expense=$28,800, Common Stock=$ 24,000, Additional Paid-in Capital=$4,800 , June 12: Cash=$390,625, Common Stock=$312,500, Additional Paid-in Capital=$78,125 , July 11: Cash=$112,000, Preferred Stock=$100,000, Additional Paid-in Capital=$12,000, Nov. 28: Treasury Stock =$100,000, Cash= $100,000

On March 2, Metlock, Inc. issued 4,800 shares of $5 par value common stock to attorneys in payment of a bill for $28,800 for services performed in helping the company to incorporate. The journal entry for this transaction is:

Debit: Legal Expense $28,800

Credit: Common Stock (4,800 shares x $5 par value) $24,000

Credit: Paid-in Capital in Excess of Par Value, Common Stock $4,800

On June 12, Metlock, Inc. issued 62,500 shares of $5 par value common stock for cash of $390,625. The journal entry for this transaction is:

Debit: Cash $390,625

Credit: Common Stock (62,500 shares x $5 par value) $312,500

Credit: Paid-in Capital in Excess of Par Value, Common Stock $78,125

On July 11, Metlock, Inc. issued 1,000 shares of $100 par value preferred stock for cash at $112 per share. The journal entry for this transaction is:

Debit: Cash $112,000

Credit: Preferred Stock (1,000 shares x $100 par value) $100,000

Credit: Paid-in Capital in Excess of Par Value, Preferred Stock $12,000

On November 28, Metlock, Inc. purchased 2,500 shares of treasury stock for $100,000. The journal entry for this transaction is:

Debit: Treasury Stock $100,000

Credit: Cash $100,000

To know more about Treasury Stock refer here:

https://brainly.com/question/17136960#

#SPJ11

The entry to record the estimated warranty liability at the end of December would be
Debit: Warranty Liability $15,100
Credit: Parts Inventory $15,100


Debit: Warranty Expense $34,440 (4% of $861,000)
Credit: Estimated Warranty Liability $34,440

This entry recognizes the expense related to the estimated warranty liability for the December sales.

However, it should be noted that the repairs made in January would result in a separate entry to record the actual warranty expense and liability for the repairs. This entry would be:

Debit: Warranty Liability $15,100
Credit: Parts Inventory $15,100

This entry records the actual cost of the repairs and the reduction in the parts inventory.

To know more about estimated warranty liability , refer here:

https://brainly.com/question/9575286#

#SPJ11

If an insurance company charges $400 for a life insurance policy that pays a $130,000 death benefit, the expected value for the person buying the insurance is -$104.90.

To calculate the expected value of the life insurance policy, we need to multiply the probability of the man passing away by the death benefit and subtract the cost of the insurance policy.

The probability of the man passing away during the next year is 0.00227 (0.227% expressed as a decimal). Multiplying this probability by the death benefit of $130,000 gives us an expected payout of $295.10.

Next, we need to subtract the cost of the insurance policy, which is $400. Therefore, the expected value for the person buying the insurance is:

Expected value = Expected payout - Cost of insurance policy

Expected value = $295.10 - $400

Expected value = -$104.90

The negative expected value suggests that, on average, the person buying the insurance policy is likely to lose money. This is because the cost of the insurance policy is higher than the expected payout.

To learn more about insurance click on,

https://brainly.com/question/30958473

#SPJ4

The inspirational influencers in an organization are the Leaders. The individuals that have short-term perspectives on achieving operational goals are the Employees. Options c and a are correct.

The inspirational influencers in an organization are the Leaders. They lead and influence people to make a positive change, motivating the team to perform to the best of their ability, and creating a sense of direction for the organization. They are visionaries who paint a picture of the future and inspire their team members to work toward it. They are passionate about what they do and work tirelessly to create a work environment that fosters growth and development.

The individuals that have short-term perspectives on achieving operational goals are the Employees. Employees often focus on the immediate needs of the job, such as meeting daily or weekly targets, rather than the long-term goals of the organization. This often results in employees being short-sighted and not seeing the bigger picture. They may be more concerned with meeting their targets rather than contributing to the overall success of the organization.

Managers and Leaders, on the other hand, have a broader perspective and are more likely to take a long-term view of the organization's success.

Options c and a are correct.

Learn more about Leaders: https://brainly.com/question/23971278

#SPJ11

Writing a letter of recommendation for an employee can be an important task, as it can influence their future career prospects.

Here are some steps to follow when writing a letter of recommendation:

Remember to be honest and objective in your assessment of the employee. Your letter should be well-written and professional, and should provide a clear and compelling case for why the employee is deserving of a recommendation.

To know more about letter of recommendation refer to-

https://brainly.com/question/6942252

#SPJ11

The mix variance is $222,600 (Unfavorable) and the quantity variance has no effect.

To compute the activity variance for C4H in March:

Actual sales revenue = $2,055,000

Budgeted sales revenue = (0.3 x $12 x 210,000) + (0.7 x $9 x 210,000) = $2,025,000

Activity variance = Actual sales revenue - Budgeted sales revenue

= $2,055,000 - $2,025,000

= $30,000 (Favorable)

To compute the mix and quantity variances for March:

Budgeted sales of Branded = 0.3 x 210,000 = 63,000

Budgeted sales of Generic = 0.7 x 210,000 = 147,000

Actual sales of Branded = 60,000

Actual sales of Generic = 150,000

Actual revenue from Branded = $780,000

Actual revenue from Generic = $1,275,000

Budgeted revenue from Branded = 0.3 x $12 x 210,000 = $756,000

Budgeted revenue from Generic = 0.7 x $9 x 210,000 = $1,470,000

Mix variance = (Actual proportion of Branded - Budgeted proportion of Branded) x Budgeted total revenue

= [(60,000/210,000) - 0.3] x ($756,000 + $1,470,000)

= (-0.1) x $2,226,000

= $222,600 (Unfavorable)

Quantity variance = (Actual sales volume - Budgeted sales volume) x Budgeted contribution margin per unit

= [(60,000 + 150,000) - 210,000] x $3

= 0 x $3

= $0 (No effect)

To know more about mix variance refer to-

https://brainly.com/question/28190931

#SPJ11