Walter Corp If the Expense Warranty Accrual Method Is Used, What Amount

question 26

Multiple Choice

Walter Corp.introduced a new machine on January 1, 2010.The machine carried a two-year warranty against defects.The estimated warranty costs related to dollar sales were 3% in the year of sale and 5% in the year after sale.Additional information follows: $\begin{array}{lrr}&&\text { Actual Waranty }\\\text { Year } & \text { Sales } & \text { Expenditures }\\ 2010 & \$ 40,000 & \$ 600 \\2011 & 60.000 & 2,200\end{array}$
If the expense warranty accrual method is used, what amount relating to warranty expense should be reflected on the December 31, 2011 income statement?

• A)$2, 200
• B)$4, 800
• C)$5, 200
• D)$7, 400

Differentiate between types of teams (cross-functional, multiteam systems, work teams, management teams, project teams, and advisory teams) and their applicable contexts.

Understand the necessary knowledge, skills, and abilities (KSAs) for effective team membership.

Evaluate the impact of collective intelligence on team performance and the factors influencing it.

Design team training procedures focused on enhancing team members' interdependence, mental models, and transactive memory systems.

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