Answer:
$5,000
Explanation:
The computation of the estimated warranty payable is shown below:
= Credit balance + expected warranty based on sales - warranties paid
= $2,000 + $20,000 - $17,000
= $22,000 - $17,000
= $5,000
The expected warranty based on sales would be
= sales × estimated percentage
= $200,000 × 10%
= $20,000
Simply we added the credit balance and expected warranty and deduct the paid warranties so that the actual amount can come
Answer:
Implicit cost
Explanation:
The rental income Jacques could receive if he chose to rent out his showroom instead of using the showroom for the operation of his guitar business will be classified as an<em> Implicit cost .</em>
<em>An implicit cost in business is a cost that results from the lost opportunity of not using a company's/business own resources excluding cash resources</em>. they are also seen as economic gain/profits sacrificed for not using the company's resources.
Jacques could use the showroom but when he decides to rent it out it becomes an implicit cost even though the rent generates revenue for him.
Answer:
Dr Cash $270,000
Dr discount on bonds payable($300,000-$270,000) $30,000
Cr bonds payable $300,000
Explanation:
First and foremost we need to determine the yield to maturity on this bond using rate formula in excel:
=rate(nper,pmt,-pv,fv)
nper is the number of interest payments the bond would make,which is 2
years multiplied 2 since interest is paid twice i.e nper is 4
pmt is the semiannual interest payable =$300,000*6%*6/12=$9000
pv is the current price of $270,000
fv is the face value of $300,000
=rate(4,9000,-270000,300000)=5.88%
5.88% is the semiannual rate
5.88%*2=11.76% is the annual yield
The annual yield is made use of in the attached amortization schedule.
In this scenario the type of tax his tenants pay is called Indirect tax
Answer:
The message is designed to persuade <u>the audience/prospective consumers.</u>
Specifically, the primary purpose fo this message is to <u>sell animation products.</u>
The secondary purpose is to <u>position </u><em><u>Akihabara Imports</u></em><u> as an appealing brand or the best place to purchase Animation Products.</u>
<u />
The questions to ask when profiling an audience are:
E) Who is my primary Audience?
It is important to know who one is advertising to. That is, those who can actually purchase ones product(s) must be identified. It is illogical, for instance, to advertise Mannequins to Farmers. They have no use for it.
B) Why am I writing this message?
As already stated above, the purpose of advert must be clear. When you know want to achieve, the next question to ask is 'how can I achieve this?', 'who can help us achieve this'?
C) What is my relationship with the audience
If a business is a first timer in the market, it means there is no relationship at all with the target audience. An existing business with a history of transactions with the target audience would most likely approach it's adverts differently.
Please Note:
- You don't need to like you audience to sell or advertise to them. However, it is critical to have a value adding mentality to succeed in the market place.
Cheers!
