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Elis [28]
3 years ago
14

Carla is not wealthy but attends a school in the wealthy part of her city. She works at a grocery store after school. Other girl

s at her school carry Gucci bags to school, wear Louis Vuitton clothing, Nikes for sports, and Jimmy Choo shoes for formal events. Carla is not invited to formal events because she cannot afford the designer clothing and accessories her classmates have. She has been invited to the prom but is concerned that she will look and feel out of place. She discusses her predicament with her neighbor, a kindly older woman, who assures her she has nothing to worry about because they can get her the clothes and accessories she needs at no cost or a fraction of the cost. The neighbor takes down her sizes and promises she will meet with her in a week. The next week, the
neighbor calls her and invites her over. In her living room, she has five Louis Vuitton dresses, and a variety of designer shoes, handbags, and accessories and tells her to pick out what she likes and try it on. She picks out a dress and shoes and takes them into the bathroom to try them on. She models them for the neighbor who insists that she take them and accessories she has picked out to go with them. Carla asks how much she owes for them and the neighbor tells her, "$200." Carla pays her and takes the purchases home with her. What type of utility is the focus of this scenario?
A. Possession
B. Time
C. Place
D. Form
Business
1 answer:
erica [24]3 years ago
5 0

Form

Explanation:

form because it talks how she needs designer clothes to fit in in its form.handles her clothing

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3. Hari Seldon is planning for his retirement 6 years from now. He plans to deposit $30000 each year for 6 six years (i.e., 6 de
erik [133]

Answer:

a) $231,468.30

b) $209,259.56

c) 9.59%

Explanation:

a) to calculate FV, n=6,I=10, pv=0 and pmt=30000

b) to calculate effect of inflation On FV

N=6, I =6 (nominal interest less inflation), pv=0 and pmt=30000

c) [(231468.30-209259.56)/231468.30]x100

5 0
3 years ago
QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty
prisoha [69]

Answer:

<em>On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts</em>

<u>Recording of revenue:</u>

Cash $490 (debit)

Revenue $490 (credit)

<u>Recording of Warranty granted :</u>

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00  (credit)

$490 × 10% = $49.00

<em>On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory</em>

<u>When warranty is subsequently received:</u>

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

Explanation:

<em>On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts</em>

<u>Recording of revenue:</u>

Cash $490 (debit)

Revenue $490 (credit)

<em>We Recognise Revenue to depict transfer of control of mower</em>

<u>Recording of Warranty granted :</u>

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00  (credit)

$490 × 10% = $49.00

<em>There is no option for customer to take the warranty or not, so this is a service warranty.The warranty is measured at the best estimate of expenditure required to settle the obligation that is at 10% of sales.</em>

<em>On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory</em>

<u>When warranty is subsequently received:</u>

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

<em>Utilise the Warranty Provision when the warranty claim is subsequently received</em>

<em></em>

7 0
3 years ago
Journalize the following adjustments.
Allisa [31]
Services performed (July 31) - $1,700
Deprivation of equipment (July) - $180
Insurance partially paid (July) - $1,800
Inventory count (July 31) - $1,220
Employee salaries (July) - $400
Total cost in July - $ 5,300

Hope this helps :)
8 0
2 years ago
How do you put an inequality into interval and set notation?
Marta_Voda [28]
It does take a little bit of work.  If you want 0<x<2, then in interval notation it is x\in(0,2).  [] means that the numbers you write there are included.  You can also have sets if you use union, for instance 0<x<2 and 4<x<5 would be written as x\in(0,2)\union(4,5).  Please mark Brainliest!!!
5 0
3 years ago
Tanner-UNF Corporation acquired as a long-term investment $350 million of 7.0% bonds, dated July 1, on July 1, 2018. Company man
Flauer [41]

Answer:

1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.

July 1, investment in UNF bonds

Dr Investment in bonds HTM 350,000,000

    Cr Cash 320,000,000

    Cr Discount on bonds 30,000,000

December 31, interest revenue from investment in bonds

Dr Cash 12,250,000

Dr Discount on bonds 550,000

    Cr Interest revenue 12,800,000

Discount on bonds = ($320,000,000 x 4%) - ($350,000,000 x 3.5%) = $12,800,000 - $12,250,000 = $550,000

3. At what amount will Tanner-UNF report its investment in the December 31, 2018, balance sheet?

Investment in bonds HTM = $350,000,000 (face value) - $29,450,000 (discount on bonds) = $320,550,000

Changes in the market value of bonds held to maturity are not considered by the company.

4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.

Dr Cash 310,000,000

Dr Dr Discount on bonds 29,450,000

Dr Loss on investment in bonds HTM 10,550,000

    Cr Investment in bonds HTM 350,000,000

4 0
3 years ago
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