1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
3 years ago
15

Cupola Awning Corporation introduced a new line of commercial awnings in 2018 that carry a two-year warranty against manufacture

r’s defects. Based on their experience with previous product introductions, warranty costs are expected to approximate 3% of sales. Sales and actual warranty expenditures for the first year of selling the product were: Sales Actual Warranty Expenditures $5,000,000 $37,500 Required: 1. Does this situation represent a loss contingency? 2. Prepare journal entries that summarize sales of the awnings (assume all credit sales) and any aspects of the warranty that should be recorded during 2018. 3. What amount should Cupola report as a liability at December 31, 2018?
Business
1 answer:
pishuonlain [190]3 years ago
8 0

Answer:

lol nobody can help

Explanation:

You might be interested in
Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 24 years. To assess the value of the
Anon25 [30]

Answer:

101.12 million

Explanation:

<em>The present value of a future cash flow is the amount that can be invested today at a particular rate for a certain number of years to have the future cash flow </em>

The present value of the liability

= FV × (1+r)^(-n)

= 800  × (1.09)^(-24)

= 101.12 million

The present value of this liability= 101.12 million

7 0
3 years ago
Read 2 more answers
1. Find the derivative y' = dy/dx:
Lera25 [3.4K]

Answer:

you did the questions right . very good

4 0
3 years ago
Why is it useful for organizations to think in terms of designing a mix of programs rather than choosing one overall compensatio
Andreas93 [3]

Answer with explanation:

It is better for companies to offer a mixture of compensation programs instead of only one since it attracts a major number of competent workers. Some employees might be very selective at the time of choosing a job according to the benefits they could receive. For instance, a high executive could prefer to start working in an "A" firm since they organization offers an attractive number of stock shares per year as part of the compensation program instead of working for firm "B" that is not even publicly listed.

7 0
3 years ago
Name the one sport in which neither the spectators nor the participants know the score or
GaryK [48]

Answer:

Boxing

Explanation:

5 0
3 years ago
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Shalnov [3]

Answer:

The answer is

1. -$96 million

2. 0.52:1

Explanation:

1. Working capital = total current assets - total current liabilities

Current assets:

Cash. $ 31.9 million

Accounts receivable $21.0 million

Inventory $28.1 million

Other current assets. $23.0 milllion

Total current assets $104.0 million

And current liabilities is$200.0 million

Therefore, working capital is:

$104 - $200

= -$96 million

2. Current ratio = current assets/current liabilities

$104 million / 200 miliion

=0.52:1

3 0
3 years ago
Other questions:
  • The effectiveness of a boycott depends on worker’s ability to do what?
    15·1 answer
  • You have a work meeting that starts at 1:15 pm. You arrived at 12:53 pm. How many minutes early were you?
    13·2 answers
  • Select the best answer to complete the sentence: An effective cost accounting system should match processes that consume resourc
    10·1 answer
  • A study conducted by at&amp;t and stanford university found that the top predictor of success and professional upward mobility w
    10·1 answer
  • Customers today want separate prices for each service element, and they also want the right to select the elements they want. Cu
    15·1 answer
  • Which factor is least important when choosing a financial service provider?
    7·2 answers
  • _____ is/are the raw facts and figures businesses collect. Answer Data Information Push technology Warehousing
    9·1 answer
  • What are four importance of a business plan
    14·1 answer
  • A sector fund specializing in commercial bank stocks had average daily assets of $3.7 billion during the year. This fund sold $1
    7·1 answer
  • Say you own an asset that had a total return last year of 11.7 percent. If the inflation rate last year was 6.9 percent, what wa
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!