Answer: Income statement $100,000
Balance sheet warranty liability $Nill
Explanation:
Since we are at the end of the period and all activities has been concluded with no expectation of claim of repairs. The firm will only record the cost incurred for current period on repairs which is $100,00 ( $100*1000) . The liability will be zero since the company has taken care of all repairs for the period.
Answer:
A. Frictional Unemployment
B. Structural Unemployment
C. Cyclical Unemployment
Explanation:
A. Frictional Unemployment refers to people moving between jobs which is the case for the first scenario
B. Structural Unemployment is a type of unemployment when structure of the economy changes and outsourcing also comes under this
C. Cyclical Unemployment is caused by the movements of business cycle people are laid off when economy is facing recession i.e decrease in investment.
Answer:
The dividends payout to preferred stockholders is $113,400 as shown below.
Explanation:
The total dividends payable to holders of preferred shares can be computed thus:
Preferred shares dividends=9000*$90*14%
Preferred shares dividends =$113,400
Preferred shareholders have prior claims to dividends ahead of ordinary shareholders,but after bondholders' interest payments have been settled.
The same way they also have precedence in the distribution of company's assets before ordinary shareholders upon the liquidation of the company.
The downside is that they cannot share in excess profits after payment of dividends as they are part-owners of the company unlike ordinary shareholders.
C or d im npt sure about d if its a emergency you would at least have to have permission from the owner of the property
Answer:
The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.
