18.06.2022

Kristin Company sells 300 units of its products for $20 each to Logan Inc. for cash. Kristin allows Logan to return any unused product within 30 days and receive a full refund. The cost of each product is $12. To determine the transaction price, Kristin decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability-weighted amount. Using the probability-weighted amount, Kristin estimates that (1) 10 products will be returned and (2) the returned products are expected to be resold at a profit. Indicate the amount of (a) net sales, (b) estimated liability for refunds, and (c) cost of goods sold that Kristen should report in its financial statements (assume that none of the products have been returned at the financial statement date).

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24.06.2023, solved by verified expert
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a. Net Sales = (300 units - 10 units return) * $20 each

Net Sales = 290 units * $20 each

Net Sales = $5,800

b. Liability for refunds = (10 units expected to be returned * $20 each)

Liability for refunds = $200

c. Cost of Goods Sold = (300 units - 10 return) * $12 per unit

Cost of Goods Sold = 290 units * $12 per unit

Cost of Goods Sold = $3,480

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a. Net Sales = (300 units - 10 units return) * $20 each

Net Sales = 290 units * $20 each

Net Sales = $5,800

b. Liability for refunds = (10 units expected to be returned * $20 each)

Liability for refunds = $200

c. Cost of Goods Sold = (300 units - 10 return) * $12 per unit

Cost of Goods Sold = 290 units * $12 per unit

Cost of Goods Sold = $3,480

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C. Fair Credit Reporting Act

Explanation:

Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.

According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.

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In a marketing-oriented firm, every department's activities are guided by what customers need and what the firm can deliver at a profit.
Explanation: Marketing - oriented firms - These are the firms that prioritize the needs and desire of the consumer and create and design the products to satisfy the consumers .
The strategy of these firms is to focus on establishing the main selling points in order to promote the existing products other than manufacturing completely new products . It is a customer - centered method for the development of the product .
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Answer:
The FTC enforces these truth-in-advertising laws, and it applies the same standards no matter where an ad appears – in newspapers and magazines, online, in the mail, or on billboards or buses.
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust enforcement with the Department of Justice Antitrust Division.
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Answer:
It's Haddock, Inc. Haddock, Inc. is a huge transportation manufacturing unit based in Houston. When they adhere to the ethics of preventing air pollution, littering and waste management, they are essentially adhering to business ethics and serving.
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Options:

a. The small land-owner had an advantage in the negotiations by possessing something that the mine needed. 

b. It allowed for equality in the negotiations between interested parties. 

c. The impoverished context allowed the government to gain access to the land. 

d. No real impact?

Answer:

c. The impoverished context allowed the government to gain access to the land. 

Explanation:

The explorations that led to the discovery of Tintaya mine go back to 1917. In 1971, the Peruvian government promoted the exploitation  of the mine. In 1980, the expropriation of approximately 4,000 hectares of land, owned by the communities, was carried out. It is for this reason that started a dispute between the commoners and the Company. In 1985 the exploitation of Tintaya began and it became the third producer of the country. In 1994, the mine was bought by Broken Hill Proprietary (BHP), who subsequently merged with the company Billiton, forming the second biggest group in the world production of minerals. In 2001, the first proposal for the framework agreement was made public. An agreement was reached and the framework agreement was consolidated in 2003. The signature of the framework agreement was an innovative milestone. Never before, a mining company had agreed to transfer a percentage of profits to communities and to engage to dialogue with them at all times. In 2005, a violent takeover occurred of the Tintaya facilities. A reformulation of the framework agreement was demanded. The implementation of the framework agreement was taking place very slowly. The president of BHP Billiton had to suspend the mining activity until a new agreement was reached. Then the negotiations began again. Xstrata Cooper (now Glencore) bought Tintaya from BHP Billiton in 2006. The owner changed, but the same conflicts and mobilizations continued until 2012. The last stoppage lasted eight days. During this paralysis, violent acts occurred and even the mine was asked to close, which was completely rejected by the government. At present, no resolution or reformulation of the framework agreement has been reached. 

So is often the case, the expansion of mining activity led to the expropriation or purchase of land, back in 1980, from five communities and left open conflicts (low prices, evictions, illegitimate negotiations, etc.), as well as various environmental and human rights problems.

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The correct answer to this open question is the following.

Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.

Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.

The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.

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Assuming Dante earned 72.50 per week multiply 50 weeks is equal to 3625 yearly. It can be his employer deducted 500 federal tax as he earns low and doesn't need to pay tax so he can claim it by filing for refund. 

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The Accenture team should advise the client to first identify the specific business problems they want to address and the desired outcomes. They should then assess the quality of the operational data and determine whether it is sufficiently structured and accurate for AI analysis. If the data is not suitable, the team should suggest methods for cleaning and structuring the data. Once the data is ready for analysis, the team can explore various AI techniques such as machine learning, natural language processing, and predictive analytics to identify patterns and insights that can help solve the business problems. It's important for the client to understand that AI is not a magic solution, and that it requires a well-defined problem and data to work with.

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a. valuable; rare

Explanation:

There are various examples of capabilities like

1. Frequent flyer programs are nothing but while booking an online flight you just need to sign up so that the chances of earning reward points could be high

2. The ticket kiosks refer to the self service in which you can purchase the tickets related to the entertainment

3. E-ticketing is online ticketing which you can store online instead of  keeping it with you in a paper form

These are valuable examples but there are no longer rare

Hence, the first option is correct

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