Promoting goods and services to customers is a function of *

Ecco Company sold $151,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under th

erik [133]

Answer:

The journal entries are shown below

Explanation:

The journal entries are as follows

a. Product warranty expense $13,590 ($151,000 × 9%)

To Product warranty payable $13,590

(Being the warranty estimated expense is recorded)

b. Product warranty payable $207

To Supplies $120

To Wages payable $87

(Being the warranty work is recorded)

Only these two entries are passed

8 0

3 years ago

Landis Company purchased $2,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 an

yanalaym [24]

Answer:

correct option is c. $51,240

Explanation:

given data

fair value of Ritter Inc = $2,120,000

Landis Company purchased = $2,000,000

rate = 8 %

time = 5 year

bonds sold = $2,083,160

rate = 7%

premiums July 1 = $7,080

premiums December 31 = $7,320

solution

we get here Landis Company comprehensive income as separate component of stockholders' equity that is express as

comprehensive income = fair value of Ritter - ( bonds sold - premiums July 1 - premiums December 31 ) ..................1

put here value and we get

comprehensive income = $2,120,000 - ( $2,083,160 - $7,080 - $7,320 )

comprehensive income = $51240

so correct option is c. $51,240

7 0

3 years ago

Which of the following is a potential benefit of inflation?

Vsevolod [243]

Potential benefit of inflation will be the D More business profits.

During inflation, the average cost of the products that exist in the market would be increased.Because of this, the average net income of the businesses that produced it will also be increased.

4 0

3 years ago

What would happen to the equilibrium price and quantity of lattés if coffee shops began using a machine that reduced the amount

UkoKoshka [18]

Answer:

.d. The equilibrium quantity would increase, and the effect on equilibrium price would be ambiguous.

Explanation:

The use of the machine would increase the supply of lattes and price falls. The supply curve would shift to the right. If scientists discover that coffees reduce heart attack, the demand for coffee would increase and price would increase. The demand curve would shift to the right.

The combined effect would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price.

I hope my answer helps you

7 0

3 years ago

Which of the following is an example of a capital market instrument? Group of answer choices Banker's acceptances. Commercial pa

stealth61 [152]

Answer:

Preferred stock

Explanation:

The capital market instruments refer to the instrument that involves stock, bonds, debentures, the preferred stock that deals in the securities and come under the capital

Also, the other options that are mentioned are the money market examples

Therefore the correct option is preferred stock and the same is to be considered

8 0

3 years ago

Promoting goods and services to customers is a function of *​

Promoting goods and services to customers is a function of *