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Vera_Pavlovna [14]
3 years ago
12

Talarczyk Company sold 10,000 Super-Spreaders on December 31, 2017, at a total price of $1,000,000 cash, with a warranty guarant

ee that the product was free of any defects. The cost of the spreaders sold is $550,000. The assurance warranties extend for a 2-year period and are estimated to cost $40,000. Talarczyk also sold extended warranties (service-type warranties) related to 2,000 spreaders for 2 years beyond the 2-year period for $12,000 cash. Given this information, determine the amounts to report for the following at December 31, 2017: sales revenue, warranty expense, unearned warranty revenue, warranty liability, and cash.
Business
1 answer:
Greeley [361]3 years ago
5 0

Answer:

Explanation:

Sales revenue to be reported - $1,000,000

Warranty expense - $40,000

Unearned warranty revenue - $12,000

Cash = 1,000,000+12,000 = $1,012,000

Warranty liability - $40,000

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What was the spot exchange rate of Canadian dollars for U.S. dollars (USD/CAD) on July 15, 2016? (Round your answer to 4 decimal
exis [7]

Answer:

a) (USD/CAD) on July 15, 2016 was 1.2937

b) six-month forward rate of (USD/CAD)= 0.0165

c) hree-month forward exchange rate of (JPY/USD) on July 15, 2016 is 0.0105263

Explanation:

a) Please see the exchange rate on this link: https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/usd/USD-to-CAD-2016

b) Now it's too far to check forward rate in 2016, so we have to calculate ourselves

6 month forward rate = exchange rate on 15 Jan 2017/ exchange rate on 15 July 2016 -1 = 1.3151/1.2937 -1 = 1.65% semi annual or 3.3%pa

c) please see link https://www.currency-converter.org.uk/currency-rates/historical/table/JPY-USD.html

15/07/2016 1 JPY = 0.0095 USD

15/10/2016 1 JPY = 0.0096 USD

3 month forwar rate = 0.0096/0.0095-1 = 0.0105263

5 0
3 years ago
How important is it to make a good first impression in a job interview?​
sergij07 [2.7K]

Answer:

It is very important to make a good first impression in a job interview.

Explanation:

Job Interview- This is a process whereby the applicant and the employer have a conversation regarding the job and the applicant's skills. The outcome of the conversation will tell whether the applicant will be hired or not.

First impression- This is considered as the situation wherein a person meets or knows another person and develops a certain image or idea of him.

Many people in the world are applying for a job for a variety of reasons, but the most common reason of all is to <em>have money to pay for the bills and other basic necessities.</em> <em><u>The competition in a job interview is very tough these days, </u></em>thus it is important to make a good first impression. This can makes a lasting impact on you. Have you heard of the saying "First impressions last?" Well, in most cases, this is quite true and it can be hard to change.

Nailing the first 30 seconds of the interview is very essential in order for the employer to know that you are the person who's suitable for the job.

4 0
3 years ago
The maintenance of money’s value is said to depend on the monetary authorities. What might the monetary authorities do to devalu
erica [24]

Answer: One thing that could be done to devalue a currency is to issue more currency into their markets.

Explanation:

Any asset or goods can be based on how scarce the product or assets it. The authorities in the foreign markets could make more currency and this will devalue the currency because the market will be saturated. The money/currency will still be at the same value as before but the purchasing power will be reduced since there is an added supply of money in the economy.

8 0
3 years ago
If psychologists find that rich people are less satisfied with their jobs compared to poor people, this would mean that wealth a
dybincka [34]

Answer:

negatively correlated

Explanation:

Variables are negatively correlated if an increase in one variable causes a decrease in the other variable. Negative correlation usually has a value of -1.

The psychologists found that rich people are less satisfied with their jobs compared to poor people, so as one's wealth increases, job satisfaction decreases. This shows that wealth and job sanctification are negatively correlated.

Variables are positively correlated if an increase in one variable causes a increase in the other variable. Negative correlation usually has a value of +1.

If wealth and job satisfaction were positively correlated, rich people would have more job satisfaction when compared to poor people

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3 years ago
Creaky and Toady. Beverly decides to go on a great trip to Hawaii. She needs someone, however, to take care of her two dogs, Cre
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dont know highschool

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