Answer:
Event 1:
Debit Warranty expense for $8.416.
Credit Warranty liability $8,416.
Event 2:
Debit Warranty liability for $8,416.
Debit Warranty expenses for $11,484.
Credit Cash for $19,900.
Explanation:
Estimated warranty liability = $4,208,000 * 0.2% = $8,416.
Excess of actual and over extimated warranty liability = $19,900 - $8,416 = $11,484
The journal entries will look as follows:
<u>Details Dr ($) Cr ($) </u>
Warranty expense 8.416
Warranty liability 8,416
<em><u>(To record the estimated warranty liability). </u></em>
Warranty liability 8,416
Warranty expenses 11,484
Cash 19,900
<em><u>(To record actual warranty cost). </u></em>
Answer:
Options 1 - 4 are True but 5 is FALSE
Explanation:
All options given are indicators of economic growth and strong economic performance
When considering the economic prospects of a country, it can be said that: 1. the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover <em>because the last-mover has the chance to learn from the mistakes of the first-mover and perfect on them</em>
2. countries which do not have property rights protection tend to achieve greater economic growth rates because<em> </em><em><u>prosperity and property rights are inextricably linked</u></em><em>. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers</em>
3. the economic system and property rights regime are reasonably good predictors of economic prospects of a country because <em>widely accepted explanation is that </em><u><em>well-enforced property rights provide incentives for individuals to participate in economic activities, such as investment</em></u><em>, innovation and trade, which lead to a more efficient market.</em>
4. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth because as stated in 3 above <u><em>ill-enforced property rights does not provide incentives for individuals to participate in economic activities, such as investment</em></u><em>, innovation and trade, which lead to a more efficient market.</em>
5.countries with command economies tend to achieve greater economic growth rates than free market economies.
<em>This is FALSE because one of the Command economy disadvantages include lack of competition and lack of efficiency.
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Answer:
The correct answer is letter "C": sales minus costs of intermediate goods.
Explanation:
Value Added is used to describe the extra something a company does to a product that makes it worth more than the cost of its underlying parts. For economists, value-added is the <em>difference between the gross revenue for an industry</em> (sales) <em>and the sum of the labor, materials, and services </em>(intermediate goods) <em>purchased to produce the goods that generated the revenue.</em>
<u> </u>More managerial opportunities are available for <u>American</u> women
Answer:
Yes they offer no fee but then they want payed for a small fee....... Aaaa business this days
