Answer:
Product warrant liability to be reported as on 31.12.2021* is $3.124
<em>*The procedures are attached in a microsof excel document. </em>
Explanation:
This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.
Professional letters for business
Answer:
roles of government
Explanation:
The government uses part of the taxes it collects to provide public goods such as goods as education, healthcare, and infrastructure. In mixed economies such as the US, the government's main role in the economy is to ensure fair competition among suppliers and protect consumers' and workers' rights.
The government has established several bodies and mandated them to carry out the regulatory functions. Different agencies regulate different trade sectors such as communication, drugs and medicines, weights and measures, employees' safety and health, etc.
Answer:
PV= $620,921.32
Explanation:
Giving the following information:
Cash flow (Cf)= $100,000
Interest rate (i)= 7.25%
<u>First, we need to calculate the value of the investment at the moment of the first payment (five years from now). </u>To calculate the present value we need to use the following formula:
PV= Cf / i
PV= 100,000 / 0.1
PV= $1,000,000
<u>Now, the value today:</u>
PV= FV / (1 + i)^n
PV= 1,000,000 / (1.1^5)
PV= $620,921.32
Answer:
$80,000
Explanation:
The computation of allocation labeling expenses is shown below:-
Overhead rate = Labeling process cost ÷ Labels generated
$320,000 ÷ $640,000
= $0.5 per label
Allocation labeling expenses = Wine estimated bottles × Overhead rate
= $160,000 × $0.5
= $80,000
Therefore for computing the allocation labeling expenses we simply applied the above formula.
