Answer:
In this case, 21st Century would probably win the lawsuit since its brochure never stated a specific amount of time, for example, 3, 5, or 10 years. So it cannot be considered an express warranty. Besides, the fact that the wheelchair actually lasted a few years (doesn't specify how many), it is more than consumer protection laws generally require.
Answer:
d
Explanation:
Cash cow relates to a company investment in a low growth market with a high market share.....
Answer:
The rate is greater than 8%
Explanation:
Given

<em>Missing part of question</em>


Required
Is r > 1
We have:

Substitute values for r and I

Divide both sides by 1000

Add 1 to both sides

Take square roots of both sides


Subtract 1 from both sides

Multiply both sides by 100


<em></em>
<em>Hence, the rate is greater than 8%</em>
Answer:
Sep 11
Dr Cash 590.00
Cr Sales 590.00
Dec 31
Dr Warranty expense 59.00
Cr Estimated warranty liability 59.00
July 24
Dr Estimated warranty liability 41.00
Cr Repair parts inventory 41.00
Explanation:
Home Store Journal entry
Sep 11
Dr Cash 590.00
Cr Sales 590.00
Dec 31
Dr Warranty expense (590*10%) 59.00
Cr Estimated warranty liability 59.00
July 24
Dr Estimated warranty liability 41.00
Cr Repair parts inventory 41.00
Answer:
$1,050,000
Explanation:
The computation of the net income is shown below:
Net income = Sales revenue × profit margin percentage
= $17,500,000 × 6%
= $1,050,000
To determine the net income we multiplied the sales revenues by its profit margin percentage so that the correct value could be arrived.