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3 years ago

7

A company sold $12,000 worth of bicycles with an extended warranty. it estimates that 2% of these sales will result in warranty

work. the current period's entry to record the warranty expense is:

1 answer:

Otrada [13]3 years ago

7 0

I think the answer for your question you have to divide then you get 6,000

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The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or pr

Gala2k [10]

Answer:

<em>W:</em> positive contribution of 6,000

<em>Z:</em> positive contribution of 1,000

<em>X:</em> negative of 1,000

<em>Y:</em> negative of 6,500

Explanation:

value at the end- value at split off = value added for processing:

value added - addtional cost = advantage/disadvantage of processing

W (22,500- 7,500) - 9,000 = 15,000 - 9,000 = 6,000

X (20,000 - 13,5000) - 7,500 = 6,500 - 7,500 = (1,000)

Y (15,000 - 9,000) - 12,500 = 6,000 - 12,500 = (6,500)

Z (12,500 - 6,500) - 5,500 = 6,000 - 5,500 = 1,000

7 0

3 years ago

You are given the following information with respect to a bond: par value: 1000 term to maturity: 3 years annual coupon rate 6%

Minchanka [31]

Answer:

Tha annual effective yield rate for the bond is:

= 6.2%

Explanation:

a) Data and Calculations:

Bond par value = $1,000

Annual coupon rate = 6%

Annual spot interest rates = 7%, 8%, and 9% for year 1, year 2, and year 3 respectively

Current value of bond = $970 ($1,000 * 99% * 99% * 99%)

Annual coupon payments = $60 * 3 = $180

Effective rate for the three years = $180/$970 * 100 = 18.6%

Annualized effective yield rate = 6.2% (18.6%/3)

OR

Annualized effective yield rate = (Annual coupon payments/Current value of bonds)

= 6.2% ($60/$970)

5 0

2 years ago

. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False

Thepotemich [5.8K]

The correct answer is; False, as of 2020.

Further Explanation:

In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.

For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.

Learn more about medical deductibles at brainly.com/question/1845375

#LearnwithBrainly

3 0

3 years ago

Uber is a tech company that connects its mobile phone app users who have a trip request with nearby Uber drivers who use their o

Liula [17]

Answer:

1. The price for Uber services increases.

2. The quantity of Uber services sold increases.

Explanation:

As the college students use the uber so here the number of students are rised up that means the demand is more when the semester is started i.e. the price is more

Also the uber has one attribute i.e. surge pricing which represent the law of demand and the supply. In the case when the demand is more or the supply is less the price would increase

So overall the price and the quantity should increased

6 0

3 years ago

Sean and Yvette Durand live in Swarthmore, PA. Yvette's father, Bob, lives in Sweden. For each of the following transactions tha

Amanda [17]

Answer:

Any help

Explanation:

I need acndndndndndndmdndbdbzjdjdbdbddjwbbsbxbxbxbxbdhdbdb

8 0

3 years ago