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Zielflug [23.3K]
2 years ago
14

A ________ is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certai

n quality standards
Business
1 answer:
never [62]2 years ago
8 0

A warranty is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.

A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally-guaranteed service replacement or issue correction for the period of the warranty.

A warranty is a promise made by a manufacturer or seller that they will fix or replace any defective goods.

A product is guaranteed to be suitable for its intended use and to live up to the buyer's expectations by an implied warranty. They may be expressed orally or in writing.

To learn more about warranty here brainly.com/question/27241092

#SPJ4

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IRINA_888 [86]
The social needs the internet and technology because they need it for the social entrepreneurs
5 0
3 years ago
Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000
Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts  A/c  $310,000

          To Accounts Payable A/c$310,000

 (Being the inventory is purchased)

2. Accounts Receivable   A/c  $520,000

           To Sales Revenue  A/c $520,000

   ( Being inventory is sold)

3. Cost of Goods Sold  A/c  $335,000

            To Inventory  A/c  $335,000

 (Being inventory is sold )

Learn more about Inventory, here:

brainly.com/question/26533444

#SPJ1

8 0
2 years ago
Your factory has been offered a contract to produce a part for a new printer. The contract would last for three? years, and your
emmasim [6.3K]

Answer and Explanation:

As per the data given in the question,

                  ($ million)                             ($ million)

Year Cash flows PVF at 8.2% Present value

0         -8.05             1                   -8.05

1          5.08             0.9242   4.70

2          5.08            0.8542           4.34

3           5.08             0.7894   4.01

Net present value                4.99

   

Internal rate of return                  0.40

Net present value = $4.99 million

The project should be accepted

Yes, The IRR rule is agree with NPV.

Please find the attachment for better understanding

3 0
4 years ago
Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a
MArishka [77]

Answer:

1. The Bad debt expense for 2013 is $67,500

2. The amount of accounts receivable written off during 2013 is $69,500

3. If the company uses the direct write-off method, the bad debt expense for 2013 would be $69,500

Explanation:

1.  In order toCalculate the bad debt expense for 2013 we would have to make the following calculation:

Bad debt expense=1.5% of Net Credit Sales

=1.5%×$4,500,000

=$67,500

The Bad debt expense for 2013 is $67,500

2. In order to Determine the amount of accounts receivable written off during 2013 we would have to make the following calculation:

amount of accounts receivable written off=$42,000+$67,500-$40,000

amount of accounts receivable written off=$69,500

The amount of accounts receivable written off during 2013 is $69,500

3. Using direct write off method, the bad debt expense is recognized only when the actual bad debt is incurred. The actual bad expense would be the amount of accounts receivable written off during the year. Accounts receivable written off during the year would be same in both the methods.

Thus, the bad debt expense for the year 2013 would be $69,500.

4 0
4 years ago
Banking and credit ​
kati45 [8]
What is your question??
6 0
3 years ago
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