Co. was organized to sell a single product that carries a 45-day warranty against defects. Engineering estimates indicate that % of the units sold will prove defective and require an average repair cost of per unit. During 's first month of operations, total sales were units; by the end of the month, defective units had been repaired. The liability for product warranties at month-end should be

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Why is efficiency an important economic goal?