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lyudmila [28]
3 years ago
6

Sally Company manufactures large kitchen appliances. For the first year of purchase, the company will repair any manufacturing d

efect free of charge. Sally apparently sells its appliances with a
Business
1 answer:
zzz [600]3 years ago
8 0

Answer:

warranty

Explanation:

A warranty is a guarantee from a seller to  buyer promising to if necessary repair or replace the purchased item with a stated period.

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The formula for calculating the present value factor for an annuity of $1 is a. Amount to Be Invested/Equal Annual Net Cash Flow
Rus_ich [418]

Answer:

a. Amount to Be Invested/Equal Annual Net Cash Flows

Explanation:

The formula to calculate the present value factor by considering annuity is shown below:

= Invested amount ÷ Equally Annual net cash flows

As an annuity is a set of payments made at the equal periods

Simply we divide the invested amount by the equal amount of annual net cash flows so that the Present value factor of an annuity can be computed

4 0
3 years ago
Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
kotegsom [21]
Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185

To determine the total assets, we only have to consider the following:
</span>cash                                         7,530 
accounts receivable                 2,100 
prepaid expenses                       700 
equipment                              13,700 
<span>accumulated depreciation   <u>    (1,100) </u>
</span>Total assets:                         22,930    CHOICE D.

NET INCOME: 
fees earned                                9,250 
<span>wages expense                         (2,500) </span>
<span>rent expense                             (1,960) </span>
<span>utilities expense                           (775) </span>
<span>depreciation expense                   (250) </span>
<span>miscellaneous expense         <u>       (185)</u>
</span><span>Net Income                                  3,580

LIABILITIES AND S.H.E
</span>accounts payable                        1,900 
<span>notes payable                              4,300 </span>
<span>common stock                             1,000 </span>
<span>retained earnings                       12,940 </span>
<span>dividends                                      (790) 
</span>Net Income                              <u>     3,580</u>
TOTAL LIABILITIES & SHE      22,930
4 0
2 years ago
In the mid 1990s, a radical new introduction to the mortgage industry was made that would revolutionize the way in which most ho
Karo-lina-s [1.5K]

Answer:

the FICO score

Explanation:

The FICO Score helps the lenders to determine the how is the borrower likely to repay the loan. It is used to determine the creditworthiness and the lenders take a FICO score of the borrower into the account and also consider details like income and other things.

FICO Score helps the lenders make smarter as well as quicker decisions.

The Fair Isaac Corporation (FICO) the score to provide industry-standard for the scoring creditworthiness.

4 0
3 years ago
Which economic player did John Maynard Keynes feel was capable of restarting the economy during the Great Depression
Reptile [31]

Answer:

the government

Explanation:

5 0
2 years ago
Suppose an economy’s national accounts are GNP = 100, C = 70, I = 40, G = 20 and EX = 20 where GNP is gross national product, C
Marysya12 [62]

Answer:

Imports is 50.

Current account balance is -30.

Total savings is 30.

After tax reduction total savings is 10.

Explanation:

GNP is given as  100.

The consumption expenditure is 70.

The investment expenditure is 40.

The government spending is 20.

The exports are given as 20.

GNP = C + I + G + EX - IM

100 = 70 + 40 + 20 + 20 - IM

100 = 150 - IM

IM = 50

The current account balance is the difference between exports and imports.

Current account balance

= EX - IM

= 20 - 50

= -30

Total savings in the economy is the difference between disposable income and consumption.

Total savings

= Y - C

= 100 - 70

= 30

In case government reduces taxes, the private saving will increase while the public saving will decrease.

Private saving

= Y - T - C

= 100 - 10 - 70

=20

Public saving

= T - G

= 10-20

= -10

Total saving

= Private saving + Public saving

= 20 + (-10)

= 20 - 10

= 10

7 0
2 years ago
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