Answer:
The amount of warranty expense on Angel's 2018 income statement is $11.58 million.
Explanation:
Income statement : The income statement is that statement which represents the income for the particular year.
The income is calculated by subtracting all types of costs from sales revenue.
The motive behind the preparation of income statement is to examine the company profitability, financial performance, etc.
The amount of warranty expense on Angel's 2018 income statement is calculated below
= Net sales × cost of warranty program
= $193 million × 6%
= $11.58 million
The other cost like repairing cost or replacement cost is not considered while calculating the warranty expense
Hence, the amount of warranty expense on Angel's 2018 income statement is $11.58 million.
<span>A monopoly would have to make it so the marginal revenue is less than the marginal cost, and in return, the monopoly would end up losing money instead of gaining money. This means that they are spending more money than they are making.</span>
Answer: Accountability
Explanation:
Hachiro still needs to work on his accountability to be able to put into consideration the effect of the activities of his company on the society. Accountability involves being able to take record of one's action and also being to take responsibility for actions.
Answer:
The money supply increases by $3300.
Explanation:
Money multiplier = 1/reserve ratio
= 1/0.4
= 2.5
the change in the money supply = deposit *multiplier -deposit
= $2,200*2.5 - $2,200
= $3300
Therefore, The money supply increases by $3300.
Answer:
<u>A and B are correct</u>
Explanation :
- The TVM concept is based on the value of money which is today may change with time as a rise or fall in prices thus this explains why the interest rates are paid and calculated on the basis of the present values that may change such as future sum of money of cash flows, can get discontinued at the discounted rates.
- Future values can be ascertained based on the present value of the product/assert. Thus the interest rates and inflation rates change as the risks and the consumer's needs will always be present and have existed earlier.
- It's calculated by the present value and future value of money multiplied by the interest rate and the total number of years. I.e
- FV = PV x [ 1 + (i / n) ] (n x t)
