Rich Company sells yachts. The yachts have a standard two year warranty included in the sales price and an optional additional two-year extended warranty available for purchase. Tiger Woods bought 1 yacht on January 1, 20X1, information on the sale is below. He bought the extended warranty.

Sales price 10,000,000
Cost of goods sold 8,510,000
Extended warranty sales price 680,000

Estimated costs for warranty
Standard warranty 280,000
Extended warranty 442,000

Actual cost of warranty work performed
Warranty cost in 20x1 115,000
Warranty cost in 20X2 129,000
Warranty cost in 20X3 258,000
Warranty cost in 20X4 313,000

Assuming no taxes, what is the net income (revenues less expenses) recognized in 20X3 from this sale?

Before contacting the news or print media about your business, what must you come up with first ? a. a media expertb. a big budgetc. a track recordd. a story angle

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Why has the free enterprise system been modified to include some government intervention?