Answer:
$48
Explanation:
A replacement indicates that the originally sold radio was scrapped and completely replaced. Therefore, the cost of the new radio should be debited to Product Warranty Expense and not 5% of the sales price.
Therefore, $48 would be debited to Product Warranty Expense in September.
If the radio had been repaired instead of completely replaced, 5% of the cost would have been debited.
A government is issuing a permit to pollute when its establishes a marketable permit program to address environmental pollution.
<h3>What is a marketable permit program?</h3>
This refers to a a program in which a city / state government issues permits allowing only a certain quantity of pollution such as water, noise, air pollution into the environment.
In other times, the permits to pollute can be sold or given to firms free and the pollution charge can also be a tax imposed on the quantity of pollution that a firm emits.
Hence, the government is issuing a permit to pollute when its establishes a marketable permit program to address environmental pollution.
Read more about marketable permit program
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Answer:
Supplier bills payable in 30 days
Explanation:
This is current assets
- Certificates of deposit that mature in six months
- Cash
- Customer receivables
The Supplier bills payable in 30 days is a current liability
Answer:
$3,500
Explanation:
Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.
Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.
Loss per share=$200-$165=$35
The loss incurred on 100 shares of IBM=loss per share*number of shares owned
The loss incurred on 100 shares of IBM=$35*100
The loss incurred on 100 shares of IBM=$3,500
