Answer:
D) $14,250
Explanation:
In order to determine the total warranty liability that Fox must report in its December 31, 2014, balance sheet, we must multiply the total sales for both 2013 and 2014 by the estimated warranty expenses and then subtract the incurred warranty expenses:
-
total sales during 2013 and 2014 = $150,000 + $250,000 = $400,000
- estimated warranty expenses = 2% + 4% = 6%
- incurred warranty expenses = $2,250 + $7,500 = $9,750
warranty liability = ($400,000 x 6%) - $9,750 = $24,000 - $9,750 = $14,250
Answer:
A technical school that specializes in computer training.....Hope this helps!
Answer:
b. steel purchased by the aircraft manufacturers.
Explanation:
An intermediate good is a producer good or semi-finished good that is used as an input in the production process in the manufacturing of other goods such as finished goods. An example of an intermediate good in the options given above will be steel that is purchased by the aircraft manufacturers. Steel is a partly finished good used in producing aircraft, as a final or finished good.
Answer:
a. not change; improve
Explanation:
Balance of trade is the difference in value over a period of time between a country’s imports and exports of goods and services, usually expressed in the unit of currency of a particular country (e.g., dollars for the United States, yen for the Japan).
Balance of payments record the receipts and payments of the residents of the country in their transactions with residents of other countries.
A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of trade with Japan will not change and the balance of payments with Japan will improve.
