Answer:
$ 30,000.00
Explanation:
The cost of warranty is expensed the same period the sale is made. Warranty can be estimated, and expensing them together with sale matches a sale and its relevant cost.
<u>In this case: </u>
Estimated warranty @ $15 dollar per unit sale
total unit sold =2000
Warranty amount = $15 x 2000
=$ 30,000.00
To be expensed when the sale is made
Answer:
Tyler year-end capital account 373,500
Piper year-end capital account 196,500
Explanation:
income 290,000
interest: (14,000) (210,000 x 5% + 70,000 x 5%)
salaries: (81,000) (36,000 + 45,000)
remainder 195,000
Tyler:
210,000 + 5% interest + 36,000 salary + 195,000 x 3/5 = 373.500
Piper
70,000 + 5% interest + 45,000 salary + 195,000 x 2/5 = 196,500
Answer:
Monthly car loan payment = $414 (Approx.)
Explanation:
Missing information;
Amount borrow = $29,000
NUmber of payment = 7 year x 12 = 84
Rate = 5.3% yearly = 0.053 / 12 monthly
Find:
Monthly car loan payment
Computation:
PV = $29,000
N = 84
r = 0.053/12
FV = 0
PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ
29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0
PMT = 413.98
Monthly car loan payment = $414 (Approx.)
To achieve the social optimum, the government could set a tax equal to $6 per unit sold.
Explanation:
The social optimum seems to be the distribution chosen by a good social planner who is limited by resources allocation only. In particular, the social optimum can not be achieved if there are limitations on the social planner's policy tools.
Proponents of significant increases or cuts in the United States marginal tax rates have long provided statistical evidence of the existence of their proposals.
The elasticity of earned income figures was actually a relatively new description of behavioral reactions to marginal taxes that have historically been studied.
An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.
<h3>What is an account?</h3>
An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.
An account contains all types of transactions, whether related to financial or non-financial.
Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.
Learn more about the Account here:
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