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larisa86 [58]
3 years ago
15

Me: Ryan needs help with Accounting as soon as possible. Ryan wrote:

Business
2 answers:
saul85 [17]3 years ago
6 0

Answer:

$54000 ( A )

Explanation:

number of unit sales = 3600

estimated warranty repairs average = $15 per unit

note : 40 percent of repairs will be made in year 1

           60 percent repairs will be made in year 2

Total warranty expense = ( 3600 * $15 ) = $54000

In the income statement for year 1 the whole warranty expense is recorded

this is because the total warranty expense is needed to balance the accounts as accounts deductible instead of adding the remaining 60 % to accounts receivable,

enot [183]3 years ago
3 0

Answer:

The answer will be below;

Explanation:

a.$54,000

(3,600*15)

The warranty expense is estimated and it is probable that an outflow of $54,000 will be incurred. Therefore in first year, the whole warranty expense is recorded for both the years. As per definition of provision; it is present obligation as a result of past event, outflow is probable and amount of outflow can  also be easily estimated.

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The Weber Company purchased a mining site for $1,600,000 on July 1. The company expects to mine ore for the next 10 years and an
Debora [2.8K]

Answer:

$26,000

Explanation:

To calculate the total depletion expense for a year, we must first calculate the depletion expense for every ton of ore extracted:

depletion expense per ton = cost of the mine / total tons extracted

depletion expense per ton = $1,600,000 / $400,000 = $4 per ton extracted

If during the first year Weber Company extracted 6,500 tons, their depletion expense for the year = 6,500 tons x $4 per ton = $26,000

6 0
4 years ago
What is the periodic interest on a credit card with a 17.99% APR? Group of answer choices 1.333% 1.499% 2.665% 2.998%
Lena [83]

Answer:I am figuring this question out for you! one moment please

Explanation:

6 0
3 years ago
A 20-year maturity bond pays interest of $90 once per year and has a face value of $1,000. Its yield to maturity is 10%. Over th
leonid [27]

Answer:

Return = 29.64%

Explanation:

As per the data given in the question,

Time = 20 years

Interest = $90

Face value = $1,000

Rate = 10%

Current price of the bond = interest [1 - (1-rate)^(-time)] ÷ rate + Face value × (1+r)^(-time)

= 90 [1 - (1-0.10)^(-20)] ÷ 0.10 + $1,000 × (1+0.10)^(-20)

= 90 × 8.5136 + $1,000 × 0.14864

= $914.864

Price of the bond after 1 year = 90[1-(1-0.08)^(-19)] ÷ 0.08 + $1,000 × (1+0.08)^(-19)

= 90 × 9.6036 + $1,000 × 0.23171

= $1,096.04

Return = Ending price + Coupon - Beginning price ) ÷ Beginning price

= ($1,096.04 + 90 - $914.864) ÷ $914.864

= 0.2964  

= 29.64 %

6 0
3 years ago
Select all that apply.
posledela

<u>Answer: </u>Strengths and weaknesses

<u>Explanation:</u>

Situational analysis for a company is determined by the internal and external factors which can be said as SWOT analysis. Here the internal factors are strengths and weakness of the company. While the external factors are opportunities and threats. Situational analysis is an element of the marketing plan.

These internal and external factors show how the sales and profit of the company is affected in the market. The internal components of the company are helpful to identify the ways the company can improve its operations.

5 0
4 years ago
The intent of federal price regulation is to discourage excessive competition. select one:
Iteru [2.4K]
Answer: FALSE.

Price control is regulated by the government of any country that puts restriction on the price of goods in the market. The intend of the federal price regulation is to provide uniform policies and to protect the rights of every consumer or customer.
8 0
3 years ago
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