When a change in interest rates impacts the international value of the dollar limiting the effectiveness of the fiscal policy, it is due to its interaction with other economic processes.
Economic policy is the use of government spending and taxation to influence the financial system. Governments usually use monetary policy to sell sturdy and sustainable increases and decreases in poverty. In economics and political science, fiscal policy is the use of authorities' revenue collection and expenditure to influence a rustic's economy.
For example, governments can lower taxes and raise spending to reinforce the economic system if needed; typically, they spend on infrastructure tasks that create jobs and income and social packages. Or, if the economy is doing nicely, a government can lessen spending and growth taxes.
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In some ways, a debit card is more vulnerable to theft than cash or a checkbook. Explain how this is so. << Read Less
A debit card is more vulnerable because its contained value are sometimes high.
A debit card is a card issue to a bank account owner to enable easy access to money.
This card works by deducting money directly from the owners checking account with a bank.A debit card can also be termed a money because its contains value and can be used pay for transaction at any point of sales.The debit card are more vulnerable because the value therein may be large, so, fraudsters target stealing the card rather than stealing cash or checkbook.Learn more about Debit Card here
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You have established a new business in your neighbourhood
Explain how you would use power relationships to benefit your business
Answer:As a small-business owner, one of the most effective ways for you to compete ... Then plot them on a zip code map (easily found in most phone books). ... Understanding the importance of your marketing area will also help you ...
Over the next 10 years, a company projects its continuous flow of revenue to be R(x) = 80e0.15 thousands of dollars and its costs to be C(x) = 0.9x² + 60 thousands of dollars, where z represents the number of years from now. Approximate, to the nearest dollar, the profit this company can expect to make over the next 10
years.
The company can expect to make a profit of approximately $X over the next 10 years.
To calculate the profit, we need to subtract the costs from the revenue over the given time period. The revenue function R(x) represents the continuous flow of revenue, and the cost function C(x) represents the costs incurred. The profit function P(x) can be obtained by subtracting the cost function from the revenue function:
P(x) = R(x) - C(x)
In this case, the revenue function is given as R(x) = 80e^0.15x, and the cost function is given as C(x) = 0.9x^2 + 60. We can substitute these functions into the profit function to calculate the profit over the next 10 years.
P(x) = 80e^0.15x - (0.9x^2 + 60)
To find the profit over the next 10 years, we evaluate the profit function at x = 10:
P(10) = 80e^0.15(10) - (0.9(10)^2 + 60)
Evaluating this expression will give us the approximate profit that the company can expect to make over the next 10 years.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Regina, a 25-year-old professional, wants to start an investment portfolio. What strategy may her financial advisor suggesta
A.Start a moderate portfolio and shift to high risk later in life.
in luce
B.Invest only in national companies.
C.Buy 100% international stocks.
D. Choose a high-risk portfolio now and change it, if needed, in the future.
Answer:
A.Start a moderate portfolio and shift to high risk later in life.
Explanation:
Investment portfolio may be defined as the financial investments done by one. It is the collection or ownership of various assets and stocks, bonds, real estates, cash, etc.
In the context, Regina who is 25 year old wishes to start an investment plan. For this her financial advisor may suggest her to start her investment in a moderate portfolio and then later may shift to a high risk portfolio. This is because Regina is young and is new to investment. She is not experience enough to invest in high risk portfolio. When she gains knowledge about investments in her life then she can properly plan her investment in order to achieve maximum profit.
I am MrBeast and if you can guess what number I am thinking of between 1 and 100 I will give $10,000. Comment or answer.
Answer:
58
ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
it's fake
This is fake!!! It's not even the real MrBeast!!
if a lease purchase option conveys an improvident bargain upon the lessee, the lessee may be subject to
If a lease purchase option conveys an improvident bargain upon the lessee, the lessee may be subject to the sale of the assets.
A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange. Both the lessee and the lessor face consequences if they fail to uphold the terms of the contract. A lease is a form of incorporeal right.
A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party.
It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.
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According to the law of demand, as prices increase, the quantity demanded by people .
Answer:
Quantity supplied will increase
Answer: decreases
Explanation: right on edmentum
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 400 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero.
Answer:
9241.08 Hrs
Explanation:
Calculation to determine Approximately how many hours per year will the solar panels need to operate to enable this project to break
Let n represent hour of operation per year for breakeven
Breakeven annual cost = Annual savings
$1,800,000 * (A/P, 20%,20) = 400 * n * 0.1
$1,800,000 * 0.205357 = 400 * n * 0.1
n = 369,643/ 40
n= 9241.075
n=9241.08 Hrs (Approximately)
Therefore Approximately how many hours per year will the solar panels need to operate to enable this project to break will be 9241.08 Hrs
Outsourcing
Outsourcing of jobs to workers in foreign countries has become a controversial issue in recent years. Using the Internet and the library, research the issue by reading articles in recent news magazines and newspapers.
Activity
What are the prevailing arguments against the outsourcing of jobs, and how are they answered by the companies that use outsourcing? What is your opinion on the balance of pros and cons - and what are some possible solutions to the dilemma?
The prevailing arguments against the outsourcing of jobs is that The labor and environmental standards that are relevant to the products and services that Americans
The way that they are answered by the companies that use outsourcing is that:
Economic Efficiency May Rise With Outsourcing. Businesses typically gain when highly trained individuals may outsource lower-value jobs and devote more time to high-value projects.What do you believe to be the benefits and drawbacks of outsourcing?The benefits of outsourcing include:
Not having to hire more staffHaving access to a larger talent poolPaying lower labor costs.The Cons of outsourcing are:
Lack of controlPoor communicationPoor quality and problems often arises.Therefore, The possible solutions to the dilemma are:
Keep track of the paperwork.Forms direct lines of contact.Be mindful of cultural variations.Always perform extensive research before selecting a vendor.Clearly state the project's needs, timeframe, and price.Learn more about outsourcing from
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Which of the following is an example of a source of external information?
government report
purchase records
loyalty cards
service records
Answer:
Government Reports are a source of external information
A new oven will save $110 per year in electricity expense. How much can we afford to pay for this oven if it is expected to last 11 years? The interest rate is 11% per year.
Click the icon to view the interest and annuity table for discrete compounding when i=11% kar year
The affordable amount of payment is $____ (Round to the nearest dollar)
According to the question the affordable amount of payment is $6,837.
Given that a new oven will save $110 per year in electricity expense and it is expected to last 11 years and the interest rate is 11% per year. To find how much can we afford to pay for this oven we need to calculate the affordable amount of payment. To calculate affordable amount of payment we use present value of an annuity formula which is: Present value of an annuity formula: A = P × PVIFA (i, n)Where,P is the payment amount
PVIFA is the present value interest factor of annuity
i is the interest rate
n is the number of periods
Here, Annual Savings = $110
Number of years = 11
Interest rate = 11%
Calculation: We have to find how much we can pay for the oven so that we can calculate Present value of an annuity, A. Using the formula: A = P × PVIFA (i, n)
A = Affordable amount of paymentPVIF
A = Present Value Interest Factor of AnnuityPVIF
A (i, n) = [1 - (1 / (1 + i)^n)] / iPVIF
A (11%, 11 years) = [1 - (1 / (1 + 11%)^11)] / 11%A = 110 × PVIF
A (11%, 11 years)A = 110 × 6.2164A = $6,837.04 (rounded to the nearest dollar)
Hence, the affordable amount of payment is $6,837.
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An example of an asset is:
Answer:here
Explanation: A company lists its assets with a dollar amount on balance sheets. Assets are made up of liabilities and equity on the balance sheet.
what are the tax liability, the marginal tax rate, and the average tax rate for a married individual filing separately with $42,500 taxable income?
The tax liability, marginal tax rate, and average tax rate for a married individual filing separately with a $42,500 taxable income are such as (1) TAX LIABILITY: The federal tax liability is calculated by using the IRS tax tables.
For 2021, the tax liability for a married individual filing separately with a $42,500 taxable income is $4,940.
(2) The marginal tax rate is the rate at which the last dollar earned is taxed.
For a married individual filing separately with a $42,500 taxable income, the marginal tax rate is 22%.
(3) The average tax rate is the total tax paid divided by taxable income.
For a married individual filing separately with a $42,500 taxable income, the average tax rate is calculated as Total tax paid: $4,940.
Taxable income: $42,500.
Average tax rate = (Total tax paid / Taxable income) x 100Average tax rate = ($4,940 / $42,500) x 100Average tax rate = 11.62%.
Therefore, the tax liability, marginal tax rate, and average tax rate for a married individual filing separately with a $42,500 taxable income are $4,940, 22%, and 11.62% respectively.
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What type of function does a project management tool have that a task management tool does not?
file sharing
progress tracking
commenting
budgeting
The commenting are type of function does a project management tool have that a task management tool does not. Thus, option (c) is correct.
What is management?
The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession.
The management are the division of the different departments are the created such as project management and the task management. The file sharing, progress tracking, and budgeting. But, the commenting is not the function of the task management tool.
As a result, the commenting is not the function does a project management tool have that a task management tool does not. Therefore, option (c) is correct.
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Martine's son is five years old. He loves to swim, but every year he needs a new swimsuit because he is growing so fast. Martine doesn't have a lot of extra income to spend on bathing suits. What financial advice would you give to Martine about making this purchase?
Answer:
Buy the next year’s swimsuit at the end of the summer each year.
Explanation:
The swimsuit should be purchased at the closing of the summer of each year as it represent the perfect timing to purchase the swimwear. As at this time mostly all retailers conduct a clearance sales of the swimsuit so there is a chances to get the swim suit at very less price.
Therefore the above represent the answer
OUESTION 4 4.a) Outline the main differences between an Anglo-French-type central bank and a Germantype central bank. Which is, among these two paradigms, the model that effectively inspires the functioning of the ECB? (7.5 points) 4.b) Indicate the primary goal of the ECB and its target value in the medium run and identify the limits to the operativeness of the ECB, enshrined in articles 104/1 and 107 of its statute, regarding the relation of the ECB with any public authority in the eurozone. (10 points) 4.c) Define the monetary policy rule the ECB is expected to follow in the implementation of the monetary policy according to the so-called "monetary targeting". (7.5 points) 4.d) Imaginc, also, that the ECB dcals with the following data: Growth rate of velocity of circulation (%ΔV)=1 Growth rate of real GDP in the Eurozone (%ΔY)=2.5 Identify how much the ECB should allow monetary aggregates to increase in order achieve its target inflation rate in the medium run according to the "monetary targeting". (8.3 points)
The Anglo-French-type central bank and the German-type central bank have key differences in their operational frameworks. The Anglo-French model emphasizes central bank independence, with a primary focus on price stability and a secondary consideration for economic growth. In contrast, the German model, influenced by the Bundesbank, places a greater emphasis on monetary stability and is characterized by a conservative approach to monetary policy, prioritizing low inflation rates.
The European Central Bank (ECB) draws inspiration from the German-type central bank model. It prioritizes price stability as its primary goal and aims to maintain inflation rates below, but close to, 2% in the medium run. The operativeness of the ECB is limited by Articles 104/1 and 107 of its statute, which prohibit the central bank from seeking or receiving instructions from any public authority in the eurozone, ensuring its independence and insulation from political interference.
Regarding monetary policy rule, the ECB follows the principle of "monetary targeting," which involves setting targets for monetary aggregates, such as the growth rate of money supply or velocity of circulation. However, the ECB has shifted its approach in recent years, moving away from strict monetary targeting and adopting a more flexible strategy that incorporates a broader range of economic indicators in its decision-making process.
To determine the increase in monetary aggregates required to achieve the target inflation rate, more information is needed. The growth rate of velocity of circulation (%ΔV) and the growth rate of real GDP in the Eurozone (%ΔY) are provided, but the target inflation rate is not specified. Without this information, it is not possible to calculate the precise increase in monetary aggregates necessary to achieve the target inflation rate in the medium run according to the "monetary targeting" approach.
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The effect acids have on most metals is called _____.
dehydration coating corrosion ionization Automobile batteries contain _____. sulfuric acid hydrochloric acid acetic acid carbonic acid
Answer:
yes sir uryan
Explanation:
1. Peggy richey operates peggy's pizza place in southern california. She has maintained a sales history from january through june and wants to compare this year's sales with last year's sales. Calculate her sales variances and percentage variances for the first 6 months of the year
We divide the sales variation by the sales from the previous year and multiply the result by 100 to get the percentage variance. The first half of the year's sales variance totals $7,000, which is an 8.2% rise over the same period previous year.
Peggy should have kept a record of her sales figures for both years to make the comparison.
Let's assume that Peggy's sales figures for the first six months of last year were as follows:
January: $20,000
February: $22,000
March: $25,000
April: $28,000
May: $30,000
June: $32,000
And her sales figures for the first six months of this year were as follows:
January: $22,000
February: $25,000
March: $28,000
April: $30,000
May: $33,000
June: $35,000
To calculate the sales variance for each month, we need to subtract the sales figure for last year from the sales figure for this year:
January: $22,000 - $20,000 = $2,000
February: $25,000 - $22,000 = $3,000
March: $28,000 - $25,000 = $3,000
April: $30,000 - $28,000 = $2,000
May: $33,000 - $30,000 = $3,000
June: $35,000 - $32,000 = $3,000
To calculate the percentage variance for each month, we need to divide the sales variance by the sales figure for last year and multiply by 100:
January: ($2,000 / $20,000) x 100 = 10%
February: ($3,000 / $22,000) x 100 = 13.6%
March: ($3,000 / $25,000) x 100 = 12%
April: ($2,000 / $28,000) x 100 = 7.1%
May: ($3,000 / $30,000) x 100 = 10%
June: ($3,000 / $32,000) x 100 = 9.4%
These figures show that Peggy's sales increased for every month of the year compared to the same month last year, with the largest increase being in February at 13.6%. Overall, Peggy's total sales for the first six months of this year were $9,000 higher than for the same period last year, representing a total percentage variance of 8.5%.
Peggy can use this information to make informed decisions about her business, such as whether to increase advertising or promotions during certain months, or to adjust her inventory levels to accommodate the higher sales volume.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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You are employed by a company that designs and manufactures relatively low-cost digital devices and are a member of that company's EMC department. The company has had numerous situations where inattention to EMC design principles has caused disastrous schedule delays and cost overruns. The company management has decreed that this must be stopped. Your manager has tasked you to organize and develop a seminar on EMC design that is to be presented to the product design engineers in the company. Develop a paper work on a seminar that will show them how to think about their designs from an EMC perspective. The paper work may include: A list of learning objectives of the seminar. Outline of the seminar. Slides for important sub-areas in your outline. (ii) (iii)
Title: Seminar on EMC Design Principles: Ensuring Successful Product Development
Learning Objectives:
1. Understand the importance of EMC (Electromagnetic Compatibility) in product design.
2. Identify common EMC design issues and their potential impact on project schedules and costs.
3. Learn key EMC design principles and strategies to mitigate EMC problems.
4. Explore practical techniques and tools for effective EMC design integration.
5. Develop a systematic approach to incorporate EMC considerations throughout the product development lifecycle.
6. Gain insights into real-world case studies highlighting the significance of EMC design.
Outline of the Seminar:
I. Introduction to EMC Design
- Importance of EMC in digital device design
- Impact of EMC issues on project schedules and costs
II. Understanding EMC Fundamentals
A. Electromagnetic Interference (EMI)
- Types and sources of EMI
- EMI regulations and compliance standards
B. Electromagnetic Susceptibility (EMS)
- Vulnerabilities to external electromagnetic disturbances
- Consequences of EMS issues
III. EMC Design Principles and Strategies
A. PCB Layout and Component Placement
- Grounding and shielding techniques
- Minimizing loop areas and impedance
- Proper component placement for signal integrity
B. Power Distribution and Filtering
- Importance of clean power supply
- Filtering techniques for noise reduction
- Proper decoupling capacitor placement
C. Signal Integrity and EMI Mitigation
- Managing high-speed signal integrity
- Minimizing emissions through controlled impedance
- Proper routing and signal return paths
D. EMI Testing and Compliance
- Overview of EMC testing requirements
- Pre-compliance testing and debugging techniques
- Ensuring compliance with relevant standards
IV. Integrating EMC into Product Development Lifecycle
A. EMC Design Reviews and Risk Assessments
- Identifying potential EMC issues early on
- Risk assessment and mitigation strategies
B. Collaborating with Cross-Functional Teams
- Engaging with mechanical, electrical, and firmware teams for effective EMC design integration
- Communicating EMC requirements and considerations
V. Case Studies and Best Practices
- Real-world examples showcasing the impact of EMC design on project success
- Lessons learned and best practices for successful EMC integration
VI. Tools and Resources for EMC Design
- Overview of software tools and simulations for EMC analysis
- Online resources, industry standards, and guidelines
Slides for Important Sub-Areas:
1. Title Slide
2. Introduction to EMC Design
3. Impact of EMC Issues on Project Schedules and Costs
4. Electromagnetic Interference (EMI)
5. Electromagnetic Susceptibility (EMS)
6. PCB Layout and Component Placement
7. Power Distribution and Filtering
8. Signal Integrity and EMI Mitigation
9. EMI Testing and Compliance
10. Integrating EMC into Product Development Lifecycle
11. Case Studies and Best Practices
12. Tools and Resources for EMC Design
13. Summary and Conclusion
Note: The slides should include relevant graphics, diagrams, and key points to engage the audience and facilitate understanding of EMC design principles.
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(PLEASE HELP) Why might someone choose to own a business rather than simply working as an employee at one? Compare and contrast the advantages and disadvantages that come with owning a business and discuss. Explore why you personally would or would not like to own a business one day.
Answer: Being a business owner can be extremely rewarding. Having the ... More importantly, you have the freedom to make the decisions that are crucial to your own business success.
Explanation:
:)
What type of alleged debt was involved in the dispute between Marcy and Sue involving the school loans, additional funds, car, and party
In the dispute between Marcy and Sue, the alleged debt involved several elements. The primary component of the debt was school loans, which likely refers to money borrowed by one of the parties for educational expenses. Additionally, there were extra funds mentioned, suggesting that either Marcy or Sue may have lent the other money for other purposes beyond education.
Furthermore, the dispute involves a car, which could indicate that one party may have helped the other in purchasing or maintaining a vehicle, adding to the overall debt. Lastly, the mention of a party suggests that some expenses related to organizing or attending an event may have contributed to the disagreement.
In summary, the alleged debt between Marcy and Sue involves school loans, additional funds, a car, and party-related expenses.
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which of the following are true of fixed payment loans? a. the borrower repays both the principal and interest at the maturity date. b. installment loans and mortgages are frequently of the fixed payment type. c. the lender defines a fixed time periods to collect payments from borrowers
The true statements are:
a. the borrower repays both the principal and interest at the maturity date.
b. installment loans and mortgages are frequently of the fixed payment type.
Fixed payment loans refer to loans in which the borrower agrees to repay a fixed amount of money at regular intervals, usually monthly, for a specified period of time until the loan is fully paid off. This fixed payment amount includes both the principal and interest due on the loan.
Installment loans and mortgages are common of the fixed payment type. In these loans, the borrower makes the same payment each month until the loan is fully paid off. This provides stability and predictability for the borrower in terms of their monthly expenses, as well as for the lender in terms of the expected stream of payments.
Note: c. the lender defines a fixed time period to collect payments from borrowers is not necessarily true as the time period for collecting payments is often determined by the loan agreement between the borrower and the lender.
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outline 2 advantages to H&H of using secondary market research
please help me quick :( (sorry meant to put chem not business)
To complete the first setup on a new machine took an employee 190 minutes. Using an 76% incremental unit−time learning model indicates that the second setup on the new machine is expected to take ________.
According to the 76% incremental unit-time learning model, the time required to complete the second setup on the new machine is 107.16 minutes
56.4% of the time is required for the first setup. Therefore, we can calculate the expected time for the second setup as follows:
Expected time for the second setup = 190 minutes x 0.564
Expected time for the second setup = 107.16 minutes
So, the employee is expected to take around 107.16 minutes to complete the second setup on the new machine. It is important to note that this is just an estimation based on the unit-time learning model, and the actual time required may vary depending on various factors such as the complexity of the setup, the employee's proficiency, and any unforeseen issues that may arise during the process.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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which of the following are strategies to modify the market? (select all that apply) multiple select question. alter one or more of a product's characteristics create new use situations increase a product's use among existing customers find new customers create a new product
The strategies to modify the market include the following:
alter one or more of a product's characteristics.create new use situations.increase a product's use among existing customers.What is a marketing strategy?A marketing strategy can be defined as a technique that is typically used by business firms to attract customers to their products (goods) or service, especially by giving them a lower price during its initial operation and offering.
In conclusion, we can reasonably infer and logically deduce that altering one or more of a product's characteristics and creating some new use situations is an efficient and effective marketing strategy that should be adopted by manufacturers.
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FILL THE BLANK. 2017 2018 2019 2020
Sales 5,000,000 8,000,000 9,000,000 10,000,00
Actual warranty repairs 500,000 700,000 800,000 850,000
Compute the following: 2018 2019 2020
a. Warranty expense __________ __________ ___________
b. Warranty Liability __________ __________ ____________
(PLEASE SHOW A SOLUTION)
Given that:2017 2018 2019 2020 Sales 5,000,000 8,000,000 9,000,000 10,000,000Actual warranty repairs 500,000 700,000 800,000 850,000. The warranty liability for 2018, 2019, and 2020 are 700,000, 800,000, and 850,000, respectively.
To calculate the warranty expense and warranty liability, the formula to be used are as follows: Warranty Expense = (Actual warranty repairs / Sales) * 100Warranty Liability = (Warranty Expense / 100) * Sales Part a: Calculation of Warranty Expense2017 2018 2019 2020 Sales 5,000,000 8,000,000 9,000,000 10,000,000Actual warranty repairs 500,000 700,000 800,000 850,000Warranty Expense 10% 8.75% 8.89% 8.50%Now we can calculate the warranty expense for 2018, 2019, and 2020 by using the above formula as follows:2018 Warranty Expense = (700,000 / 8,000,000) * 100 = 8.75%2019 Warranty Expense = (800,000 / 9,000,000) * 100 = 8.89%2020 Warranty Expense = (850,000 / 10,000,000) * 100 = 8.50%Therefore, the warranty expense for 2018, 2019, and 2020 are 8.75%, 8.89%, and 8.50%, respectively.Part b: Calculation of Warranty Liability2017 2018 2019 2020 Sales 5,000,000 8,000,000 9,000,000 10,000,000Actual warranty repairs 500,000 700,000 800,000 850,000Warranty Expense 10% 8.75% 8.89% 8.50%Warranty Liability 500,000 700,000 800,000 850,000Now we can calculate the warranty liability for 2018, 2019, and 2020 by using the above formula as follows:2018 Warranty Liability = (8.75 / 100) * 8,000,000 = 700,0002019 Warranty Liability = (8.89 / 100) * 9,000,000 = 800,0002020 Warranty Liability = (8.50 / 100) * 10,000,000 = 850,000Therefore, the warranty liability for 2018, 2019, and 2020 are 700,000, 800,000, and 850,000, respectively.
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