Answer:
A written warranty promises replacement or refund for defective products.
February 25th(direct deposit),March 4th(mailed check)
Answer:
see below
Explanation:
Common stock = Assets - Liabilities - Retained earnings
Assets next year = $225,232 + $55,000 = $280,232
Liabilities remain unchanged
Retained earnings = Opening retained earnings + Net income - Dividends
= $36,493 + $44,200 - $12,000
= $68,693
Common stock next year
= $280,232 - $136,748 - $68,693
= $74,791