Answer:
The wheel is considered to be man's greatest invention
Explanation:
And the printing press
Manufacture is a verb. However is an adverb, cruel is an adjective, and maintenance is a noun
Answer: There was $0 in 2017 and $60,000 in 2018.
Explanation: The amount of interest that it is paying for each year on the bonds needs to be recognized in the debt service fund. In 2017 there was not payment made on the bond interest, because they were issued on October 1.
In 2018 there were two bond payments made. The annual interest is 6%, so the total interest to be recorded as an expenditure for the year is .06 x $1,000,000 = $60,000.
Answer:
C) 38,000
Explanation:
The estimated warranty liability for 2017:
= [2016 sales x (first + second year warranty costs)] + [2017 sales x (first + second year warranty costs)] - (warranty expenses for 2016 and 2017)
= [$600,000 x (2% + 5%)] + [$800,000 x (2% + 5%)] - ($20,000 + $40,000)
= $42,000 + $56,000 - $60,000 = $38,000
