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2 years ago

Pls, the meaning of warranty

Business

1 answer:

kenny6666 [7]2 years ago

6 0

Answer:

A warranty is a written promise by a company that, if you find a fault in something they have sold you within a certain time, they will repair it or replace it free of charge.

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Yocum Company purchased equipment on January 1 at a list price of $120,000, with credit terms 2/10, n/30. Payment was made withi

GuDViN [60]

Answer:

b. $129,360

Explanation:

The total cost of the new equipment is given by the sum of the actual cost of the equipment (minus the cash discount) to the various incurred costs to the purchase and installation of the equipment (taxes, installation cost and concrete expense).

The total cost is:

$C = (\$120,000-\$2,400) +\$6,000+\$1,760+\$4,000\\C=\$129,360$

The correct answer is b. $129,360

4 0

4 years ago

What are the 5 advantages of writing out a budget?

Contact [7]

Explanation:

Provides You 100% Control Over Your Money.

Let's You Track Your Financial Goals.

Budgeting Will Open Your Eyes.

Will Help Organize Your Spending.

Will Help Create a Cushion for Unexpected Expenses.

Budgeting Makes Talking About Finances Much Easier.

thesavvycouple dot come

7 0

3 years ago

Lena invested her savings in two investment funds. The $6000 that she invested in Fund A returned a 6% profit. The amount that s

Nostrana [21]

Answer:

The amount that Lena will invest in fund B would be $4000.

Explanation:

Given information -

Amount invested in fund A - $6000

Return earned on fund A - 6%

Let us assume amount invested in fund B be x

Return earned on fund B - 1%

Return on both funds together - 4%

Let us assume the total amount of fund invested be ($6000 + x)

Now using simple equation , we will take out the value of x which is the amount invested in fund B -

$6000 X 6% + x X 1% = 4% ( $6000 + x )

= $360 + .01 x = $240 + .04 x

= $360 - $240 = .04 x - .01 x

$120 = .03 x

x = $120 / .03

= $4000.

4 0

4 years ago

Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,

Amanda [17]

Answer and Explanation:

The preparation of the statement of stockholder equity is presented below:

Particulars Common Stock Additional Paid in Capital Retained Earnings Total

Balances, October 1 $150,000 $3,225,000 $12,400,000 $15,775,000

Issued Common Stock $50,000 $750,000 $800,000

(50,000 shares × $1) (50,000 shares × $16)

Add: Net Income $2,350,000 $2,350,000

Less: Dividends -$475,000 -$475,000

Balances, October 31 $200,000 $3,975,000 $14,275,000 $1,8450,000

5 0

3 years ago

If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170

Norma-Jean [14]

Answer:

$180,000

Explanation:

Cost of Goods Manufactured = Total Manufacturing Costs + Beginning Work in Process Inventory - Ending Work in Process Inventory

$170,000 = [Total Manufacturing Costs + $5,000 - $15,000]

$170,000 = [Total Manufacturing Costs - $10,000]

[$170,000 + $10,000] = Total Manufacturing Costs

Total Manufacturing Costs =$180,000

4 0

3 years ago

Pls, the meaning of warranty ​

Pls, the meaning of warranty