Answer:
warranty expense = $240
estimated warranty liability = $240
Explanation:
There is no option on the customer to take the warranty or not. Therefore this type of warranty is known as an Assurance type warranty.
Assurance type warranties are accounted for terms of IAS 37 - Provisions as follows ;
Year 1
Warranty expense $240 (debit)
Warranty Provision $240 (credit)
<em>Warranty Amount = $6,000 × 4% = $240</em>
Year 2
<em>When warranty claim is subsequently received</em>
Warranty Provision $209 (debit)
Materials $209 (credit)
Answer:Even with industry interconnected, where an improvement in one area led to improvements in other areas, there was one dual foundation on which the rest was built; that foundation was Steam And Speed
<u>Explanation:</u>
The dual foundation is steam and speed. Steam here means steam engines, with the invention of steam engines the industry grew rapidly as it made transportation very easy. These steam engines further contributed to speed.
Speed also plays a major role in the growth of the industry. The speed of transportation increased and this resulted in quick delivery of various goods from one place to another. So both steam and speed led to the growth and development in an industry.
At a job shop like Home Depot it shows how they look like in person
Answer:
$84
Explanation:
The computation of each unit of the company's inventory under absorption costing is shown below:
= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $12 + $18 + $25 + $29
= $84
We simply added the first four-unit cost through which total unit cost would come
All other information which is given is not relevant. Hence, ignored it
Based on the information given, it can be noted that the child that qualifies for the will be Laura.
<h3>
What Is Tax Credit?</h3>
A tax credit simply means an amount of money that a taxpayer is expected to deduct from the tax that will be paid.
In this case, it can be noted that the child that qualifies for the tax credit will be Laura. Timothy isn't a qualifying child because he has turned 17.
In conclusion, the clause is typically for children below 17 years.
Learn more about tax on:
brainly.com/question/17395659
