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oksian1 [2.3K]
3 years ago
6

Nelson Industries warrants its products for one year. The estimated product warranty is 4.3% of sales. Sales were $475,000 for S

eptember. In October, a customer received warranty repairs requiring $215 of parts and $65 of labor. Required: 1. Journalize the adjusting entry required at September 30, the end of the first month of the current year, to record the estimated product warranty expense. 2. Journalize the entry to record the warranty work provided in October. If an amount box does not require an entry, leave it blank.
Business
1 answer:
pochemuha3 years ago
6 0

Answer:

Explanation:

The required journal is given below

1 Product Warranty Expense 20425 =475000*4.3%

Product Warranty Payable 20425

2 Product Warranty Payable 280

Supplies/Inventory 215

Wages Payable 65

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A shoplifer and a security guard are playing a simultaneous game.
nadya68 [22]

Answer:

A simultaneous game was played between a shoplifter and a security guard.

The answer to the game was answered in accordance to the question stated above,

There is no Nash Equilibrium in the game, The shoplifter does not steal in this case, Does not steal, The security guard will be watchful, The security guard ill sleep on the job.

Explanation:

Solution

Given that:

Let our matrix be defined as follows

                                                Security Guard

                              Vigilant or attentive      Not vigilant, less attentive

Shoplifter    Steal           - 20, 15                      15, -5    

              Does not steal  0, 3                          0, 0

Now,

(1) There is no Nash Equilibrium in the game

(2) The shoplifter does not steal in this case

(3) The shoplifter does not steal

(4) The security guard will be watchful

(5) The security guard ill sleep on the job

Note:

Kindly find an attached copy of the complete question below

3 0
2 years ago
How could a line of credit negatively impact a business?
madam [21]
Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with poor credit scores are considered at higher risk of defaulting on a loan. Still, even with bad credit, you have financing options, including online loans.
5 0
2 years ago
Which of the following situations represents financially responsible choices? Select all that apply.
Gnom [1K]
<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash 
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5 0
2 years ago
Read 2 more answers
The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
Neporo4naja [7]
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

Explanation:

A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.

8 0
2 years ago
One of your customers is delinquent on his accounts payable balance. you've mutually agreed to a repayment schedule of $630 per
larisa [96]

Answer:

27.14  months

Explanation:

to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:

=NPER(rate,payment,-loan)

  • payment = 630
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=NPER(1.03%,630,14850) = 27.14  months

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