Answer:
Warranty repair Expense (Dr.) $200
Warranty Payable (Dr.) $200
Explanation:
The warranty expense is the estimate of probable expense that will incur due to fault in the product. The estimated repair is the 4% of skates sold. If 500 pairs of skates are sold then out of them 4% will require repair. The repair for the faulty skates will cost $10. The total cost will be $200,
500 pairs of skates * 4% * $10
Answer:
Short term interest rates are more volatile (or change more often) because the FED uses them to control inflation and the money supply. Generally, when the FED engages in either expansionary or contractionary monetary policies, they will use short term interest rates. Even if they change more often, their nominal rates are generally very low, and a small change does the job. So they change more often, but in a very small proportion.
On the other hand, long term securities yield much more volatile returns because they last much longer and any small change in interests rates will result in a larger proportional change of returns in the long run. The longer the bonds, the larger the effect of any change in the market rates.
What Courtney is experiencing in the question is a process called service recovery.
It refers to a paradox where a customer will think highly of a company when the company has fixed the problem that the customer is facing from its service, compared to how the customer would perceive the company when it gives a non-faulty service.
Customer retention is mainly determined by how a company resolves a problem that a customer faces due to a faulty service or product.
Since Tanya's parents are from Haiti, there may be grants or scholarships that focus on students from that culture or ethnic background. She might also be eligible for scholarships for Hispanic or bilingual students. She can also apply for scholarships only available to women and anything that might focus on her area of study. Her parents most likely do not have a savings plan started for her but, they should definitely make one because it would help them save a lot of money. Another way to save money is to apply to lesser-known colleges because it would bring down the cost of tuition.
Answer:
The bonds sell for $342,125. Six years later, on January 1, 2025, Shay retires these bonds by buying them on the open market for $365,750. All interest is accounted for and paid through December 31, 2024, the day before the purchase. The straight-line method is used to amortize any bond discount. 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2019, through December 31, 2024? 3. What is the carrying (book) value
Explanation:
The bonds sell for $342,125. Six years later, on January 1, 2025, Shay retires these bonds by buying them on the open market for $365,750. All interest is accounted for and paid through December 31, 2024, the day before the purchase. The straight-line method is used to amortize any bond discount. 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2019, through December 31, 2024? 3. What is the carrying (book) value
