Answer:
a.Susan is wrong, and Mary is free to disclaim warranties.
Explanation:
According to the Magnuson-Moss Act the seller of a product may or may not provide warranty on a product. But is warranty is provided the following conditions must be met.
- The seller must provide a full or limited warranty.
- The coverage of the warranty must be stated
- Warranty must be available to the customers, so that they can read it before making a purchase.
So Mary can choose to disclaim all warranties on her products, not making her liable for any defects found in them. But if she wants to provide warranty it must be written and follow the conditions stated above.
The increase in real GDP when government spending increases is $16 billion.
<h3>What is the increase in real GDP?</h3>
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Increase in Real GDP = multiplier x increase in government spending
$5 billioin x 3.2 = 16 billion
To learn more about GDP, please check: brainly.com/question/15225458
Answer:
A change in the depreciation method is not a change of accounting policies. Therefore, this change will not require any retrospective journal entry for 2018. Changes in depreciation methods are prospective, meaning that they affect future values, not past values. This is considered a change in an accounting estimate.
Explanation:
Answer:
$0
Explanation:
the credit for the elderly is the lesser of the following:
1) taxes owed = $61
2) you calculate the credit for the elderly by subtracting $7,500 - $3,000 (social security benefits) = $4,500
then you subtract half of your AGI over $10,000 = ($22,000 - $10,000) x 50% = $5,500
the credit = $4,500 - $5,000 = $0 (there are no negative tax credits)
the lesser between $61 and $0 is $0.
Answer:
1. Export the good
2. Domesctic producers
Explanation:
Export the good will be the logical thing to do as producers will gain for the higher price of the goodin foreign markets.
