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11Alexandr11 [23.1K]
3 years ago
15

During December, Far West Services makes a $2,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.

5%. Record sales and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Record journal entry for sales and sales tax.2. Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against the manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 1% of sales. By the end of the first year of selling the product, total sales are $29.6 million, and actual warranty expenditures are $160,000. What amount (if any) should Sony report as a liability at the end of the year? (Enter your answers in dollars, not in millions.)Warranty liability is......
Business
1 answer:
klasskru [66]3 years ago
3 0

Answer:

This long of a question for onmly 10 points? But ill answe rit anyway. 48000299 the 200

Explanation:

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Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card. Based on this agre
Fofino [41]

The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.

However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.

Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.

Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

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<em>brainly.com/question/3380340</em>

8 0
3 years ago
Technician A says that when checking engine​ oil, it is normal for the oil to catch fire if lit by a match. Technician B says th
andre [41]

Answer: Technician B is correct.

Explanation:

When checking for oil in the engine. One should only Locate the oil dipstick which will give a correct measurement to know how much is in the engine.

Technician A gave wrong information which can lead to environmental hazards if one heeds to his advice

Technician B gave the right answer by saying that oil on the DIPSTICK that catches fire when lit is a sign of fuel in the oil and not the entire oil as proposed by Technician B

4 0
4 years ago
Ted's new company is experiencing a steady decline in profit. He needs external financing to prevent his company's profits from
Degger [83]

Answer:

False

Explanation:

Angel Investors are investors who invest in new start-ups in order to help them get moving and be able to advance with their goals and visions for the business. They do this in exchange for an ownership equity of the startup that they are investing in. This being the case, since Ted wants to exercise sole ownership and control over the firm for as long as possible, it can be said that it will not be easy to find Angel investors willing to help him meet his financial needs.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
What does ASME Stand for
kipiarov [429]

Answer:

American Society of Mechanical Engineers

3 0
3 years ago
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Establishing prices for razor blades that must be used with a razor blade system is known as ________ pricing.
Debora [2.8K]

Establishing prices for razor blades that must be used with a razor blade system is known as captive-product pricing.   Captive products are used for businesses to help maximize their revenue. Captive products are usually set at a high price whereas core products are set at a low price.  The company attracts customers when they purchase the core products at a low price but make their large profits off of captive products set at high prices.

8 0
3 years ago
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