Abby Burke has created custom statues made out of scrap metal for over ten years. Abby has kept detailed records of every statue
she has ever created. For every sale, she obtains the customer's name and address, a description of the statue, and a picture of the statue sold to the customer. Her unique style has recently attracted the attention of several celebrities. Ready to take her business to the next level, Abby has hired you to construct an accounting information system, which she wants modeled after her paper records. As you look over her records, you realize that some customers bought multiple statues at the same time. For example, Yasmeen Ghuari bought a Tin Man Status, a flying horseman statue, and a terrier statue. You realize that in these cases, a single written record will have to be recorded as multiple sales records. This is an example of what type of problem in the existing records
During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product warranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.
Mega is likely liable for trespassing. It is because when an
individual trespass on someone else’s property without the owner’s consent, the
individual who had trespass would likely be liable or detained for trespassing on
someone else’s property and can be charged based on the law.