Business, 03.08.2021 21:30 jeffreyaxtell4542
At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 3% of net sales. Net sales made under warranty in 2021 were $200 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $4.6 million. The amount of warranty expense in Angel's 2021 income statement is: Multiple Choice $6.0 million. $30.0 million. $3.2 million. $4.6 million.
Answers: 2
Business, 21.06.2019 20:30
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders? a) compensating managers with stock options, b) financing risky projects with additional debt, c) the threat of hostile takeovers, d) the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions, e) abolishing the security and exchange commission
Answers: 1
Business, 21.06.2019 21:20
Reqwest llc agrees to sell one hundred servers to social media networks, inc. the servers, which social media networks expressly requires to have certain amounts of memory, are to be shipped โf.o.b. social media networks distribution center in tampa, fl.โ when the servers arrive, social media networks rejects them and informs reqwest, claiming that the servers do not conform to social media networksโ memory requirement. a few hours later, the servers are destroyed in a fire at social media networksโ distribution center. will reqwest succeed in a suit against social media networks for the cost of the goods?
Answers: 3
Business, 22.06.2019 21:40
Penny poodle wanted to know which dog obedience training program was more effective: puppy pride, the approach she has been using for any years, or doggie do-right, a new approach. penny convinced 50 human companions of untrained dogs to participate in her study. the dogs and their humans were randomly assigned to complete the puppy pride or doggie do-right course. at the end of the training programs, all of the dogs were scored on their level of obedience on a standardized dog obedience checklist (scores could range from 10 to 100). the design of this study is:
Answers: 2
Business, 23.06.2019 02:50
Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
Answers: 1
At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The wa...
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