Answer:
Yes it does as the company expect to pay for the warranty but doesn't know as it may occur or don't dependion upon the notebook hardware and software performance over the 90-days period
Warranty expense 29,500 debit
Warranty Liability 29,500 credit
Explanation:
We will record a warrant liability for the 5% of the mount sold. As the warranty liability is generated at the time of sale which occur in December
Answer:
c. Return on Assets
Explanation:
The net income usually has an impact of interest expense since interest expense is deducted from earnings before interest and tax in arriving at net income.
Hence, in order to take out the impact interest expense when computing return on assets, an adjusted net income known as de-levered net income is computed using the below formula:
Net Income + (1-t)xInterestExpense
Answer:
$14,960
Explanation:
Pay $22,000 bill in December:
$22,000 tax deduction × 32%marginal tax rate = $7,040 in present value tax savings.
After-tax cost= Pretax Cost − Present Value
Tax Savings= $22,00 − $7,040
= $14,960
Therefore the after-tax cost if she pays the $22,000 bill in December will be $14,960
Answer:
Deal
Explanation:
Amount of cash left in the 5 Suitcase = $1 , $30000, $100000, $300000, $750000
The probability of selecting each bad is equal and it is 1/5
Thus, the expected value of prize = 0.2(1+30000+100000+300000+750000)
= 0.2 * 1180001
= $236,000.2
0
Since the bank is offering amount of $250,000 which is greater than the expected value, then it is considered as a deal.
Answer: Manage all lease agreements (new leases, renewals, subleases, and addendums) for 75 townhome tenants
Explanation:
Jack's lease agent position at Golden Sand Townhomes involved him managing all lease agreements in that he filed new leases, renewals, subleases and addendums.
He also attended to customer requests and was in charge of organising special celebrations for the tenants while also assisting in PR functions by helping management with marketing campaigns.
