Seller's obligation to replace or correct a product (or service) that fails to perform as expected within a specified period. To conform with the matching principle, the seller reports the expected warranty expense in the period when revenue from the sale is reported.
<h3>What are sales?</h3>
- Sales are actions involving the sale of goods or the volume of items sold during a specified time frame.
- A sale also includes the provision of a service for a fee.
- In response to an acquisition, appropriation, request, or a direct connection with the customer at the point of sale, the seller or provider of the products or services completes a sale.
- Title (property or ownership) of the object is transferred, and a price is settled, meaning a price is agreed upon for which the ownership of the item will transfer.
<h3>Why are sales important?</h3>
- A sale is a transaction in which two or more people trade goods, services, or other assets for cash.
- Sales often occur when a seller and a buyer exchange items or assets for money or other assets.
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Answer:
Balance sheet
Current liability:
Current portion of long term debt = $6,600,000
Long term liability:
Notes payable = ($39,300,000 - $6,600,000)
= $32,700,000
Therefore,
Total liabilities = Current liabilities + Long term liabilities
= $6,600,000 + $32,700,000
= $39,300,000
Answer:
After tax cost of bond= 7%
Explanation:
In order to find the after tax cost of bond we need to know its pre tax cost of debt. The yield on a bond is its pre tax cost. In this question we are already given the yield which is 10%. This means that the pre tax cost of debt is 10%. Now in order to find the after tax cost of debt we will multiply the pre tax cost of debt by (1-tax Rate)
After tax cost of bond= 0.1*(1-0.3)= 0.07= 7%
Answer:
Being a professional
Being a team player
Explanation:
I would also say being a winner but that's not for certain , even though it's most likely going to happen .
