Answer:
A warranty is a written promise by a company that, if you find a fault in something they have sold you within a certain time, they will repair it or replace it free of charge.
Answer:
Kingbird, Inc. Journal entry
March 1 2017
Dr Cash (250,000*96%) 240,000
Dr Discount on bonds payable
(250,000×4%) 10,000
Bonds payable 250,000
(to record issuance of bonds)
Explanation:
Since Kingbird, Inc. issues $250,000, 10 years 6% bonds at 96 this means we have to record the transaction as issuance of bonds by Debiting Cash with (250,000*96%)240,000 and as well Debiting Discount on bonds payable with(250,000×4%) 10,000 while Bonds payable will be Credited with 250,000.
Answer:
c. $50,400
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $480,000 × 10.5%
= $50,400
hence, the interest expense is $50,400
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The ratio could increase with the purchase of $170,000 of inventory on account.
Answer:
B. Staging Area
Explanation:
According to my research on different ICS facilities, I can say that based on the information provided within the question the type of facility being described is known as a Staging Area. This is a location where personnel, supplies, vehicles, and equipment or material are assembled before actually being used.
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