Answer:
He has no more right on the warranty.
Explanation:
Auto warranty is a promise made by the manufacturer to be responsible for certain faults and repairs over a given period of time . This period of warranty could also be specified through the mileage covered by the car . The expiration of the warranty is decided based on any of the set milestones, either in years / mileage that is first achieved.
In Mathew's case , Kim has already exhausted the warranty on the car as she has exceeded the 36,000 mile covered by warranty in a space of two years. You need to know that warranty expires the moment any of the set milestone is achieved.
Answer:
6.00%
Explanation:
Rate of return can be calculated using RATE function in excel or I/Y on calculator or using the formula for annuity
Annuity Rate = RATE(nper=8, pmt=1100, pv=-6,830.77, fv = 0, 0)
Annuity Rate = 0.06000118
Annuity Rate = 6.00%
Answer:
The statement of cash flows should report net cash provided by financing activities of $265,000.
Explanation:
Cash Flow from Financing activites:
Common stock issued = $200,000
Dividend Payment = ($30,000)
Issuance of note payable = $45,000
Issuance of Bond = <u> $50,000 </u>
Net cash flow = <u>265,000</u>
The statement of cash flows should report net cash provided by financing activities of $265,000.