question 69
Multiple Choice
Figure:
Table1
Bank product Checking Checking Checking Checking Savings Savings Savings Savings Mutual funds Mutual funds Mutual funds Mutual funds Location USA Europe SE Asia India USA Europe SE Asia India USA Europe SE Asia India Number-of-customers 1,000,000500,0001,100,000300,000700,000400,000900,000800,000300,000300,00080,000
Table2
Location USA Europe SE Asia India Checking 1,000,000500,0001,100,000 Savings 700,000400,000900,000 Mutual Funds 300,000200,000300,000
The numeric values in Table2 indicate the number of customers.
-We have added the following capability to Table2: showing the data for 3 age groups (20-39,40-60,over 60) as a third dimension.Showing the data for age groups 20-39 and 40-60 is called:
Definitions:
Sales Warranty Accrual Method
A method used in accounting to set aside a portion of sales revenue to cover future warranty claims, ensuring that warranty expenses are matched with related sales in the same period.
Warranty Expense
The estimated cost of honoring product warranties, recognized as an expense by companies.
Implied Service Contract
A legal agreement created by the actions, situation, or circumstances of the parties involved rather than written or spoken words.
Expense Warranty Accrual Method
An accounting practice where a company estimates the costs of warranties and records these costs as an expense when the corresponding sales are made.