Answer:
external force
Explanation:
The majority of the problems best buy is facing have been brought about by external forces. This includes competition from rivals such as Amazon and Walmart. This makes the company loose it's shares in the market and the company's stock loosing it's value.
Answer: Please see answer in explanation column
Explanation:
a)Account titles and explanation Debit Credit
Warranty Expense $30,000
Warranty Payable $30,000
Calculation :
2 % x $1,500,000 =$30,000
b) Account titles and explanation Debit Credit
Warranty Provision $445
Materials $325
Salaries Payable $120
Probably production function
Answer:
C
Explanation:
In this question, we are asked what amount will be debited to the equipment account in a partner business.
Firstly, from the question we understand that this is a partner business. And it basically involves the ownership of a business by two or more persons.
There is a way we record an asset in a partnership business. If a partner contributes an asset to the business, the correct way of recording this is that the amount is recorded at a price that has been agreed upon by the partners after evaluation.
Now, in the case of this question, we can deduce that the partners have agreed that $29,000 is the valuation of the contributed equipment. Hence $29,000 should be debited in the equipment account.
Answer: $8000
Explanation:
Amortization refers to the practice whereby the cost of an intangible asset is spread over the useful life of the asset. Amortization is used to lower the book value of an intangible asset or loan over a particular period of time.
Based on the information given in the question, the amortization of the right-to-use asset for year 1 should be:
= Installment - Interest
= $14000 - $6000
= $8000