Answer and Explanation:
Cash $940,900
Sales Revenue 940,900
To record Sales
Warranty Expense 122,010
Warranty Liability 122,010
To record estimated warranty
Warranty Liability 74,460
Inventory 74,460
To record warranty claims
Warranty Liability account (122010 - 74460) = 47550
Answer:
Option (c) is correct.
Explanation:
Option A:
Income of the consumer is related to the normal and inferior goods.
If there is an increase in the income level of the consumer then as a result the demand for normal good increases and there is a rightward shift in the demand curve of normal good.
Option B:
Price of related goods: substitute goods and complimentary goods.
For example,
If there is an increase in the price of one good then as a result the demand for the substitute good increases which will shift the demand curve of substitute goods rightwards.
Option C:
If there is an increase in the price of the product then as a result the quantity demanded for that product decreases. This shows that price of the product would not change the demand but the quantity demand.
Answer:
The cuopon rate is 8%
Explanation:
We are given with the data and need to solve for the rate of the cuopon:
Market value: 1,006.27
Market value = cuopon payment + maturity
Maturity 1,000
time 9
rate 0.079
PV 504.4371 = Maturity value
Market value = cuopon payment + maturity
1,006.27 = cuopon payment + 504.44
1,006.27 - 504.44 = 501.83
The present value of the cuopon payment Using the annuity formula we solve for cuota:
then:
PV $501.83
time 9
rate 0.079
C -$ 80.00
We know that Cuopon payment is equal to:
Face value x bonds interest = C
1,000 x r = 80
r = 80/1,000 = 0.08 = 8%
Answer:
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