<span>Exhibit :
If Nancy Cardoza invested $3300 with an average return of 9% every year, her investment will be worth $ 5077 at the end of five years as illustrated below.
Year 1 Year 2 Year 3 Year 4 year 5
3300 3300 3597 3920.73 4273.5957 4658.219313
297 323.73 352.8657 384.623613 419.2397382
3300 3597 3920.73 4273.5957 4658.219313 5077.459051</span>
Answer:
<em>Computation of the interest expense using the equation as shown below:
</em>
Interest expense for year 1 = Notes payable * Interest rate
= $100,000 * 10%
= $7,000
Notes payable reduction in Year 1 = $14,238 - $7,000
= $7,238
General journal entry
Item Debit Credit
<em>Notes payable $7,745</em>
Interest expense $6,493
Cash $14,238
Workings
Interest expense = ($100,000 - $7,238) * 7%
= $92,762 * 7%
=$6,493
Answer and Explanation:
Service failures are as follows:
Tangibility: Suppose customer approaches an electronic shop to purchase a television and he was waiting for sales person for a long time also no one is there for helping the customer so the sales person presence is not there that leads to service failure
Reliability: According to the sales person, the customer purchase the television but at the time of usage the television is not working so this leads to service failure
Responsiveness: When the customer complaints about not working of the television so the sales person does not respond this leads to service failure
The products that have high quality involves sony, HTC smart phones and these quality products would be from companies that are successful