I would say either obligation or guilt
Answer:
EZ Wheels Corporation's warranty expense for 2017 is $31.80 million.
Explanation:
EZ Wheels Corporation's warranty expense for 2017 can be calculated using the following formula:
Warranty expense for 2017 = Net sale for 2017 * Percentage sales returned under warranty * Percentage of retail value for cost of repairing and or replacing goods under warranty ................. (1)
Where:
Net sale for 2017 = $5,300 million
Percentage sales returned under warranty = 3%
Percentage of retail value for cost of repairing and or replacing goods under warranty = 20%
Substituting the values into equation (1), we have:
Warranty expense for 2017 = $5,300 million * 3% * 20% = $31.80 million
Therefore, EZ Wheels Corporation's warranty expense for 2017 is $31.80 million.
Answer: The correct answer is "d. A firm has spent $2 million on research and development associated with a new product. These costs have been expensed for tax purposes, and they cannot be recovered regardless of whether the new project is accepted or rejected."
Explanation: "d. A firm has spent $2 million on research and development associated with a new product. These costs have been expensed for tax purposes, and they cannot be recovered regardless of whether the new project is accepted or rejected." should NOT be included in the capital budgeting analysis for a new product becaise tjos $2 million represent sunk costs and are not relevant.
Answer:
Yes the statement is truly correct.
Explanation:
The basis for determining whether to accept or reject risk while driving is highly dependent upon the experience level of the motorist. This is because the experienced motorist or driver knows how much space or speed is required to suppose overtake a vehicle. On the basis of his experience level, he can determine whether to accept or reject the risk of overtaking. In driving, experience counts a lot. The driver knows how much space is required to move between the vehicles, how much risk he can take to do this. All such depends upon how experienced the motorist is.
Answer:
B) $7.36
Explanation:
The preferred stocks' dividends = 8,000 x $20 x 10% = $16,000
To calculate earnings per share (EPS), we subtract the preferred stocks dividends from the net income = $200,000 - $16,000 = $184,000
Now we divide by the total number of common stocks = $184,000 / 25,000 shares = $7.36
*Convertible bonds are not included in this calculation, they should be included only after they are converted into stock.