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n200080 [17]
4 years ago
9

On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat

ed at 9% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $32 in materials taken from the Repair Parts Inventory.
Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs.
Business
1 answer:
xeze [42]4 years ago
6 0

Answer:

Date      Accounts Titles and Explanations     Debit        Credit  

Sept, 11           Cash                                             $450  

2016         Sales                                                               $450  

                (To record the Cash Sales)

Sept, 11        Warranty Expenses                         $40.50  

2016              ($450 x 9%)

                  Estimated Warranty Payable                   $40.50  

                 (To record the Warranty Expenses)    

July, 24       Estimated Warranty Payable             $32

2017             Repairs Parts Inventory                                       $32

             (To record the material taken from Inventory)

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An apartment building has potential annual rents of $80,000. Expenses are $26,000. The current vacancy rate is 6%. The owner has
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Answer:

The building is valued at $328,000 for the owner.

Explanation:

We calcualte the value of the building using the perpetuity formula:

C/r = Value

Where:

C = annual income generate for the building

<u>expected rent revenue: </u> revenue x (1 - vacancy)

80,000 x (1 - 0.06) =   75,200

expenses per year  <u>  (26,000)   </u>

<em>income per year:        49,200</em>

<em />

rate of return 15% = 15/100 = 0.15

C/r = Value

49,200 / 0.15 = <em>Value  = 328,000</em>

6 0
4 years ago
Both Emile Durkheim and Ferdinand Tӧnnies __________. a. were interested in the economic system of society b. developed typologi
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Answer:

It's either C or D but I feel like it's C, sorry if I am wrong

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3 years ago
Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, th
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Answer:

31.8%

Explanation:

Simulation is imitation of a situation that represents its operations overtime. Simulation is used for performance tuning. The use of simulation in business is gaining significance. Simulation is used to analyze current situation and predict future. Strassel is using 1000 trials for a bid of $135,000. The estimated probability that Strassel will get the property at a bid of $135,000 is 31.8%.

7 0
4 years ago
Which one of the following is a working capital decision?A. How should the firm raise additional capital to fund its expansion?B
svetoff [14.1K]

Answer:

The correct answer is letter "E": How much cash should the firm keep in reserve?

Explanation:

Working capital decisions imply working in capital cycles. They take into consideration interest rates, debtors management, and the company's financing in the short run. The working capital decisions also ensure that the organizations have enough cash to pay its bills and determine how much of the cash flow should be stored in the firm's reserve.

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3 years ago
research the telemedicine industry and describe two companies offering services . what are the pros and cons of offering medical
Anastasy [175]

Answer:

Telemedicine is a tool that is used for medical information change from one area to another area through electronic communications fro the improvement of clinical health status of the patient.

The Two companies that offers Telemedicine are CC and CADo

CC it involves practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

CADo refers to a service that assist in connecting patient with related doctors via phone and online. this company is specialized to offer basic medical services which does not require visits in person.

The pros of Telemedicine are that,(1) it helps patient to save health care costs (2) It increases patient engagement.

The cons are (1) It requires equipment and technical training. (2)It reduces in persons interactions with the related doctors.

Yes there are some governmental or industrial rules for Telemedicine industry. it helps this industry to broaden their traditional practice of medicine towards outside the wall of a typical medical practice.

Explanation:

Solution

Telemedicine is a technique that is used for medical information interchange from one area to another area through electronic communications for the improvement of clinical health status of the patient.

Telemedicine has a variety of growing applications and services that uses email, two way videos, wireless tools, smart phones and other types of telecommunication technology.

Two companies that offers Telemedicine is given below:

(1) CC: CC was established in the year 2010. it works with practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

(2) CADo : It is a service that helps to connect patient  with doctors though phone and online. this company is specialized to offer basic medical services which does not require visits in person

Pros and Cons of Telemedicine is as follows:

Pros:

  • It is more accessible and convenient health care for the patients
  • It helps patient to save health care costs
  • It increases patient engagement
  • It provide better quality of patient care

Cons:

  • It requires equipment and technical training
  • It reduces in persons interactions with the related doctors
  • In this service come Telemedicine models reduce care continuity

Yes there are some governmental or industrial guidance for Telemedicine industry. it helps this industry to extend their traditional practice of medicine towards outside the wall of a typical medical practice.

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