During Year 1,its First Year of Operations,Benitez Co

question 69

Multiple Choice

During Year 1,its first year of operations,Benitez Co.reported sales of $800,000.At the end of Year 1,the company estimated its warranty obligation at 3% of sales.During Year 1,the company paid $13,000 cash to settle warranty claims.Which of the following statements is true?

• A)Warranty expenses would decrease net earnings by $24,000 in Year 1.
• B)Cash decreased by $13,000 as a result of the accounting events associated with warranties in Year 1.
• C)The warranties payable account has a credit balance of $11,000 at the end of Year 1.
• D)All of these answer choices are correct.

Understand the concept of seductive details, their effect on learning, and the research findings related to their impact.

Understand the psychological mechanisms behind aggressive behaviors in the workplace.

Identify and describe the types of workplace bullying and their organizational effects.

Recognize the demographic characteristics contributing to workplace bullying victimization.

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Definitions:

Contagion Theory

A theory in sociology that suggests that ideas, attitudes, and behaviors spread through populations as if they were infectious diseases.

Cultural Evolution

The study of how cultures change over time, and how cultural information is passed down through generations.

Transformation

A thorough or dramatic change in form or appearance.

Social Change

The significant alteration of social structure and cultural patterns through time.