Answer: Debit to Product Warranty Payable
Explanation: Product Warranty Payable is a liability account that has a credit balance. To increase a liability a credit is recorded while to reduce a liability a debit is recorded to the liability.
The seller maintains the warranty as a liability and initially records a debit to its product warranty expense and a credit to its product warranty Payable.
When a repair is done on a product under warranty, the seller records a debit to the product warranty Payable to reduce it’s liability.
Also, a debit to either supplies or cash will increase the expense and assets accounts respectively which will amount to incorrect journal entries.
Answer:
Find attached complete question:
Option A 1452 units
Explanation:
The increase in labor cost=$3.39-$2.89=$0.50
Half of the increase would reflect as increase in price i.e$0.25
Current price is $16
new price is $16+$0.25=$16.25
contribution margin =selling price -variable cost
currently units sold=$30,875/$16= 1,930
Current contribution per unit=$11,401/1930=$5.91
new contribution per unit would reduce by $0.25 i.e $5.91-$0.25=$5.66
breakeven in units=period cost/contribution margin per unit
period cost is $8346
breakeven units=$8346/$5.66=1475 units
The closest option is A 1452 units,the difference could be due to rounding error
Answer:
holding period yield is 9.25%
Dividend yield is 0.25%
Capital gains yield is 9.00%
Explanation:
Holding period yield is the total return that accrues to an investment over a period which the investment is owned.
Holding period yield=(Current price-Initial price+dividend)/initial price
current price is $109
initial price is $100
dividend is $0.25
holding period yield =($109-$100+$0.25)/$100
=9.25%
Dividend yield =dividend/initial price
=$0.25/$100
=0.25%
Capital gains yield=(Current price-initial price)/initial price
=($109-$100)?$100
=9.00%
Invariably holding period yield is the dividend yield plus capital gains yield.
The constant in a system is the control.
