The goal of ________ is to increase quality, customer satisfaction, and, ultimately, profit

Jumbo Sales Corporation offers warranties on all their electronic goods

Warranty expense is estimated at 3% of sales revenue. In 2017, the company had $602,000 of sales. In the same year, it paid out $12,000 of warranty payments. Which of the following is the entry needed to record the estimated warranty expense? A) Estimated Warranty Payable 12,000 Cash 12,000 B) Warranty Expense 12,000 Estimated Warranty Payable 12,000 C) Warranty Expense 18,060 Estimated Warranty Payable 18,060 D) Warranty Expense 18,060 Sales Revenue 18,060

Which of the following characteristics best describes repetitive focus?

A) It uses sophisticated scheduling to accommodate custom orders. B) Its output is a standardized product produced from modules. C) Operators are broadly skilled. D) It is widely used for the manufacture of steel. E) low volume, high variety