Question

In: Accounting

Question 1 Different types of warranties when you pay something ? Implied warranty ? Explicit warranty...

Question 1

Different types of warranties when you pay something ?

Implied warranty ?

Explicit warranty ?

Ex. If you return a laptop to Best Buy ?

Question 2

Stepts to buy a house ?

Question 3

Which factors does affect the price of property insurance ?

Question 4

The 2 differents types of bankrupty ?

Chapter 7 and 13

Question 5

The different types of mortages:

15 years vs 30 years

ARM ?

Adjustable ?

Reversible ?

Question 6

The 3 methods of calculatory life insurance coverages ?

Question 7

Explain:

Property damage liability

Collision coverage

Comprehensive damage coverage.

Expert Solution

Question 1

Different types of warranties when you pay something ?

Different type of warranties are implied, lifetime, extended and express/explicit

Implied warranty is the one in which there is no written or oral agreement and it is deemed to be there when we pay for some goods to be bought, it is an assurance that is presumed to be there.

Explicit warranty is the opposite of implied in which terms and conditions are explicitly mentioned in the warranty card. If we return the laptop as per terms and policiees and non performance than it is a case of expliti warrenty

Question 2

Stepts to buy a house ?

Select a location where you want to live
Contact brokers for best deals
Visit a home to be sold
Enquire about the legality of the loan and any amount due previously in it
Do the registration process
Pay for the house

Question 3

Which factors does affect the price of property insurance ?

Background of the insured
Type of property: resedential or commercial
Value of the property
Tenure
Type of insurance

Question 4

The 2 differents types of bankrupty ?

There are two types of bankruptcy for individuals—the discharge of debts and the payment plan

***An expert can answer initial 4 sub parts in case of multi part questions. Hope this much will help.****

ekkarill92 answered 1 year ago

QUESTION 1 Concerning accounting for warranties, which of the following statements is true? The expense warranty...

QUESTION 1 Concerning accounting for warranties, which of the following statements is true? The expense warranty accrual method is the only method accepted for federal income tax purposes. The modified cash basis is the method used for for tax reporting. The sales warranty accrual method uses a percentage of completion approach to warranty revenue recognition. The modified cash basis recognizes warranty expense when cash is received on the sale. QUESTION 2 Which of the following is the most appropriate way...

Describe warranty requirements and explain the three common types of warranties. If your purchase does not...

Describe warranty requirements and explain the three common types of warranties. If your purchase does not come with a written warranty, is it still covered by an implied warranty? What if the product is marked “as is”? Do all states permit “as is” sales? Describe what product liability means and explain negligence and misrepresentation. Describe strict product liability and company liability. Please provide a company example pertaining to product liability.

Question 1 Jumbo Sales Corporation offers warranties on all their electronic goods. Warranty expense is estimated...

Question 1 Jumbo Sales Corporation offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales revenue. In 2013, the company had $595,000 of sales. In the same year, it paid out $8,500 of warranty payments. Prepare the journal entry for the warranty expense and the warranty payments. Question 2 On January 1, 2014, Partridge Advertising Company issued $50,000 of 6-year bonds with a stated rate of 3%. The market rate at time of issue was...

Question 61 An exclusion of an implied warranty of merchantability must fulfill which of the following...

Question 61 An exclusion of an implied warranty of merchantability must fulfill which of the following requirements? A. Be conspicuous B. Use the word "merchantability" C. Be written D. A and B only Question 62 Exclusion of an implied warranty of fitness for a particular purpose must fulfill which of the following conditions? A. Be conspicuous B. Use the word "merchantability" C. Be written D. A and C only Question 63 What conditions apply for the creation of an implied...

After learning more about implied warranties and disclaimers, would you ever buy an

After learning more about implied warranties and disclaimers, would you ever buy an item sold “as is”? Imagine a car salesman who offers you a car for $8,000, but who also says that he can knock the price down to $6,500 if you will buy the car “as is”. If you live in a state that does not give consumers special protections, which deal would be more appealing?

Describe the different types of withholdings that you will withhold from an employees gross pay when...

Describe the different types of withholdings that you will withhold from an employees gross pay when doing payroll. Additionally, describe the types of payments that an employer may make regarding payroll for employees.

This week’s reading present two different types of knowledge, each with different characteristics: a) explicit knowledge...

This week’s reading present two different types of knowledge, each with different characteristics: a) explicit knowledge b) tacit or implicit knowledge Please define each providing specific examples and explain how each contributes to innovation in a different way.

When looking at the threat landscape, there are different types adversaries and they pose different types...

When looking at the threat landscape, there are different types adversaries and they pose different types of threats depending on their capabilities, intentions, and the assets they are targeting. For example, nation states might target research companies or military websites trying to steal confidential and proprietary data. In addition, companies react to the loss of assets differently. The level and types of mitigation strategies will vary among organizations depending on whether there is a loss of one asset or of...

ESSAY question: What are quitclaim deeds, warranty deeds, and security deeds? How are they different, and...

ESSAY question: What are quitclaim deeds, warranty deeds, and security deeds? How are they different, and under what circumstances would each be used?

What does it mean when a question states explicit conjugancy between to systems how is this...

What does it mean when a question states explicit conjugancy between to systems how is this different than just finidng the conjugancy?