Answer:D - $5,000
Explanation: The company has an estimated warranty cost of 5% of sales which is $30,000. This can be recorded as a warranty payable provision in the books of the company as it gives a 3years warranty on its products. As stated in the question, out of the $30,000 warranty provision, only $5,000 was expensed in the current year leaving a bal of $25,000 for the remaining 2 years which the company has given to its customers. So only $5,000 warranty expense will be recorded in the current year.
Answer:
The amount that Canliss borrowed is $45,459.51
Explanation:
The amount borrowed is the present value of $10,500 for five years using the discount factor applicable to each to each year as shown below
The formula for discount factor=1/(1+r)^n
r is the rate of interest on the loan which is 5%
n is the year relating to each cash flow ,for instance 1 for year one
present value of the loan=$10,500/(1+5%)^1+$10,500/(1+5%)^2+$10,500/(1+5%)^3+$10,500/(1+5%)^4+$10,500/(1+5%)^5=$45,459.51
Answer:
(e)
Explanation:
Export management companies are usually profit oriented.
They serve as intermediaries by buying the product from a manufacturer such as an SME or new-to-export companies and then add commissions to the price to cover their profit.
They also assist in carrying out all aspects of exporting the product by Identifying international markets that best fits the product or service, they handle all shipping logistics.
An example of EMC is Cocofina an internationally recognized company that operates in several countries.
Answer:
Intelligence and will-power.
Explanation:
Most might say that leadership and bravery. Although, if you bring a group of people who are intelligent in the business and are ready to dedicate themselves, you can get a lot done, and maybe even have a successful business within a few months/weeks.
This might sound a little weird, but money is also a very needed characteristic within a team. If you are making something big, and you believe in it, you need money for assistance with assets and other things.
I'm sorry if I misunderstood the question, that's my fault. I just found this question very interesting and I think it would've been nice to answer.
