Answer:
Dec. 31
Debit Warranty Expense 14,800
Credit Warranty Payable 14,800
Explanation:
Calculation to Determine the estimated warranty expense for the year
Based on the information given we were told that Florida Keys sales has the amount of $1,450,000 with 3% sales warranty obligation, and Florida keys as well had debit Warranty Expense of the amount of $28,700 this means that the Estimated warranty expense will be calculated as;
$1,450,000 * 3% =$43,500
$43,500-$28,700=$14,800
Therefore the Journal entry will be:
Dec. 31
Debit Warranty Expense 14,800
Credit Warranty Payable 14,800
The answer is D. Payday Loans
Both credit cards and payday loans have a high interest rates, but payday loans seems a little bit higher
Credit Cards interest Rates in U.S : 7 - 36 %
Payday Loans : 12 - 30 %
Answer:
The answer is: A) All items that are included in M1 are included also in M2.
Explanation:
I guess this question is about money supply.
The money supply is the total amount of money available in an economy. It includes:
- M1 includes coins and notes (bills) in circulation plus other money equivalents that are easily liquidated.
- M2 includes M1 plus short term bank deposits and 24 hour money market funds.
- M3 includes M2 plus long term bank deposits and money markets with more than 24 hour maturity.
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Answer:
we can look at this problem from 2 different point of views:
if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.
if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.
Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.