Scott company sells merchandise with a one-year warranty. sales consisted of 2,500 units in year 1 and 2,000 units in year 2. it is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in year 1 and 70% in year 2 for the year 1 sales. similarly, 30% of repairs will be made in year 2 and 70% in year 3 for the year 2 sales. in the year 3 income statement, how much of the warranty expense shown will be due to year 1 sales?

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize