Answer:
$0
Explanation:
Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:
Dr Warranty expense 25,000
Cr Warranty liability 25,000
During year 2, they will record the warranty expense for that year:
Dr Warranty expense 20,000
Cr Warranty liability 20,000
That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.
Answer:
$678
Explanation:
Given that,
Number of shares sold = 300
Selling price of each share = $42.06
Cost of purchasing shares = $39.80 per share
Total dividend received = $1,272
We can easily determine the total capital gain on this investment by comparing the sales value and purchase value of this stock.
Total capital gain on this investment:
= Sales value - Purchase value
= (Number of units × Selling price per unit) - (Number of units × cost of purchasing per share)
= (300 × $42.06) - (300 × $39.80)
= $12,618 - $11,940
= $678
Answer:
10.38%
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + nominal interest rate ÷ periods)^ number of period - 1
The nominal interest rate is shown below:
= $250 × 4 ÷ $10,000
= $1,000 ÷ $10,000
= 0.1
Now the effective annual rate is
= (1 + 0.1 ÷ 4)^4 - 1
= (1 + 0.025)^4 - 1
= 1.025^4 - 1
= 10.38%
Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.
This is the answer but the same is not provided in the given options
Energy sources that will never run out. Such as, light, air, and water. But it can be ruined. I didnt Google any of this. Please give me brainliest, I just need one more to lvl up!
Answer:
<u>$0 (None)</u>
Explanation:
Mike incurring additional moving expenses to his new home is not legally permissible for deduction when starting it in his annual gross income report for tax purposes.
However, miscellaneous expenses such as Unreimbursed business expenses, qualified educational expenses, tax preparation fees, subscriptions to professional journals<em>, and job-hunting expenses </em><em>may be deducted.</em>
