Answer: 3, 4, 5.
3. Monthly payments must be made for 30 years.
4. The annual interest rate is 4.8 percent.
5. The homeowner is borrowing $200,000.
Explanation:
The three conditions that must exist in order for a market to be perfectly competitive include: 1. a large number of vendors and customers (buyers and sellers), 2. the vendors must be selling identical products and finally, 3. new vendors must be able to freely enter the market.
For the year ended December 31, 2018, the warranty-related entry would include a debit to warranty expense of $80,000.
If it's miles impracticable to determine the cumulative impact of applying a trade-in accounting principle, then the new accounting principle should be applied prospectively as of the earliest date practicable. in this situation, the disclosures discussed in FSP 30.4.
Cumulative effect equals the difference between the actual retained profits suggested at the beginning of the yr using the antique approach and the retained income that would have been reported at the start of the year if the brand-new technique had been utilized in earlier years.
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Answer:
Difficult to Imitate (I)
Explanation:
The unique microprocessors developed by the company contribute to its high resource immobility. According to the resource-based view of competitive advantage, when a company is achieving resource immobility, it allows the company to create competitive advantage.
The theory of Resource-Based View is that if Trust Machines can create a company of people, processes and technologies that cannot be easily copied or imitated by competitors it means that your resources are diverse and immobile, and it can create competitive advantage.