Answer and Explanation:
The computation is shown below;
a. For Warranty Expense
= Sales × Estimated Warranty Percentage%
= $4,144,400 × 0.87%%
= $36,056.28
b)
The amount that should be reported is
Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635
Less: Actual warranty costs in 2019 ($26,750)
Add: Warranty expense accrued in 2019 $35,056
Closing Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941
Answer: Database does not need to be changed if a change is made to an application
Explanation:
Data base management is a software that is created to retrieve data, manipulate data and manage the data in its data base. Database management allows its users create their own database through the manipulation of data to yield specific results. Since the data is different from the application, any changes in the database application won't have a bearing on the data already in the database.
Given that Lucky won $1000000 and has an option of receiving $50000 p.a for 30 years, the total amount received after 30 years in case he goes for option 2 will be:
amount=(yearly payment)+(number of years)
=(50000)×(30)
=$1,500,000
This implies that the second option is best choice. Given the information, we shall conclude that the best thing to do is to calculate the present value of the annuity payments.
The answer is D]
<span>The notary signing agent should provide the borrower the contact information, full disclosure. The notary has the primary responsibility for notarizing signatures, but isn't there to block information.</span>
