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3 years ago

The following transactions of Sandy Cruz occurred during 2018: LOADING...(Click the icon to view the transactions.)

Business

1 answer:

FrozenT [24]3 years ago

3 0

Answer:

April 30

No entry required

This is because Cruz's attorney is certain it is remote that Cruz will lose this lawsuit.

June 30

DR Warranty Expense $14,400

CR Warranty Liability $14,400

Working = 360,000 * 4%

= $14,400

July 28

DR Warranty Liability $6,400

CR Cash $6,400

September 30

DR Lawsuit Loss A/c $150,000

CR Lawsuit Loss Liability $150,000

December 21

DR Warranty Expense $20,000

DR Warranty Liability $20,000

Workings ( Original question says 4%.)

= 4% * 500,000

= $20,000

2. Balance on Estimated Warranty Liability Account

June 30 14,400

July 28 (6,400) -

Dec 21 20,000 +

= $28,000 Credit

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1,187.03

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3 years ago

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Answer:

Explanation:

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3 years ago

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3 years ago

if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?

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2 years ago

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Answer:

1. 28.09 %

2.0.50 times

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= $ 5,000,000 / $ 17,800,000 × 100

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2 years ago

The following transactions of Sandy Cruz occurred during 2018​: LOADING...​(Click the icon to view the​ transactions.)

The following transactions of Sandy Cruz occurred during 2018: LOADING...(Click the icon to view the transactions.)