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- Wilson is currently producing a component for one of its products. Wilson has received an offer to buy the component from an outside supplier. A machine is currently being rented to manufacture the component. If the company buys the component, the rental will be cancelled. What is the rent on the machine, in relation to the decision to make or buy the component? Sunk and therefore not relevant Avoidable and therefore not relevant Avoidable and therefore relevant Unavoidable and therefore relevant[The following information applies to the questions displayed below.] Watko Entertainment Systems (WES) buys audio and video components for assembling home entertainment systems from two suppliers, Bacon Electronics and Hessel Audio and Video. The components are delivered in cartons. If the cartons are delivered late, the installation for the customer is delayed. Delayed installations lead to contractual penalties that call for WES to reimburse a portion of the purchase price to the customer. During the past quarter, the purchasing and delivery data for the two suppliers showed the following: Bacon Hessel Total Total purchases (cartons) 5,000 3,000 8,000 Average purchase price (per carton) $ 190 $ 206 $ 196 Number of deliveries 40 20 60 Percentage of cartons delivered late. 30% 15% 25% The Accounting Department recorded $263,250 as the cost of late deliveries to customers. Required: Assume that the average quality, measured by the percentage of late deliveries,…The following are three independent situations. 1. Sandhill Rewards Inc. provides rewards services to licensees. Sandhill records service revenue related to rewards (granted as reward vouchers, which can be redeemed at a variety of retailers) and recognizes the cost of redemptions in the year vouchers are sold to licensees. Sandhill's past experience indicates that only 80% of the vouchers sold to licensees will be redeemed. Sandhill's liability for stamp redemptions was $12,693,900 at December 31, 2024. Additional information for 2025 is as follows. Service revenue from vouchers sold to licensees Cost of redemptions (vouchers sold prior to 1/1/25) $8,614,200 If all the vouchers sold in 2025 were presented for redemption in 2026, the redemption cost would be $5,173,300. What amount should Sandhill report as a liability for voucher redemptions at December 31, 2025? Liability for stamp redemptions at December 31, 2025 $ Consumer expiration date Total face amount of coupons issued Total…
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- 49. Malcolm owns an empty shop unit. Following long negotiations with Urquhant plc, which operates a chain of shops branded UpandGO, Urquhart plc has agreed for Malcolm to use its brand and marketing expertise and to sell only its products in his shop. Malcolm has agreed to pay Urquhart plc an annual fee and to order a minimum level of UpandGo goods monthly, at a discount to the wholesale price. What is the nature of arrangement that Malcolm and Urquhart plc have entered into ? A joint venture A franchise A strategic alliance A partnership 50. As part of its risk analysis process. Kidsway plc has identified a risk to its key business process which is unlikely to occur but which would have catastroplic effects should it do so. If it wishes to control the risk as far as possible, what should Kidsway plc’s main risk responeses be ? Sharing and reduction Avoidance and acceptance Sharing and acceptance Avoidance and reductionFinerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors and is considering whether it should record $300,000 of revenue upon shipment of a new line of cosmetics. Finerly expects the distributors to be able to sell the cosmetics, but is uncertain because it has little experience with selling cosmetics of this type. Finerly is committed to accepting the cosmetics back from the distributors if the cosmetics are not sold. How much revenue should Finerly recognize upon delivery to its distributors?Many states have enacted laws that go even further than federal law to protect consumers. These laws vary tremendously from state to state. Generally, is having laws fair to sellers who may be prohibited from engaging in a practice in one state that is legal in another? How might these different laws affect a business? is it fair that residents of one state have more protection than residents in another state?
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