Why do sellers offer quality-assurance warranties?

Q: Is the statement True or False, explain: Commercial Registration creates the traders quality.

A: Commercial registration is done by the owner of company to get his/her company legally registered.…

Q: Explain the accounting for an assurance-type warranty

A:

Q: Which are the major problems facing a lender when reviewing a loan request made by a borrower?

A: Introduction: A loan agreement is nothing but an agreement between a lender and the borrower which…

Q: Describe why do sellers offer quality-assurance warranties?

A:

Q: What are warranty payments? Please explain.

A: A Warranty is a basically a handwritten promise made by the seller to the buyer on paper that if the…

Q: What is credit quality, and how is it assessed?

A: Credit quality:   Credit quality defines how much a company is capable of repaying its debt on time…

Q: What is the status of a lender on collateral if they fail to perfect their security interest? What…

A: A security interest in an asset that cannot be claimed by any other party is called a perfected…

Q: what is the best provisioning methodology in loan impairement and why?

A: Impairment refers to a reduction in an asset's value. It's similar to depreciation but it's applied…

Q: Describe some of the motives and mistakes made by the mortgage securitizers?

A: To market as well as attract borrowers for lenders.Evaluation of the borrower's credit…

Q: What is the guiding objective is that lessees and lessors provide disclosures?

A: Lease: Lease is a contractual agreement whereby the right to use an asset for a particular period of…

Q: What does it mean for CHS to securitize its receivables?

A: Compensating balance: A compensating balance is a minimum amount of cash that must be maintained by…

Q: Explain how documents or drafts method is the most less risky method of making trade payments

A: Draft method of trade payments is a type of exchange money in which an exporter is paid for its…

Q: and importance of credit insurance.

A: Credit insurance is a type of insurance policy.

Q: 2. Which of the following best describes the accounting for assurance-type warranty costs?

A: An assurance-type warranty provides an assurance to repair or replace the defective product.

Q: Distinguish between the accounting treatment of a manufacturer’s warranty and an extended warranty.…

A: WarrantyWarranty is assurance provided to a customer by a seller. It is provided against the…

Q: Define Quality-assurance warranty.

A:

Q: Define Warranty Modeling?

A: It is necessary to ascertain entire lifecycle cost of a product, and this includes the costs related…

Q: Define the term truth-in-lending laws? What are its requirements?

A: Answer: The 1968 Truth in Lending Act (TILA) is a federal statute of US aimed at encouraging…

Q: When should the liability associated with a product warranty be recorded? Discuss.

A: Warranty: It is an agreement made by the company to provide guarantee against the defects in the…

Q: Which steps should be followed to set up the different types of payments accepted from clients?

A: Payments from clients refers to the term that implies that when a customer buys some product or…

Q: s the principle of caveat emptor (let the buyer beware) be applied to

A: The principle of caveat emptor is very old concept that favor more to the seller of product and…

Q: How is internal control applied to liabilities?

A: It is often seen that frauds, employees thefts, and manipulation of records incur in the…

Q: From a business's perspective, what is a warranty payment? Is it the same as a warrant payment or…

A: A warrant is a written order by one person instructing or authorizing another person to pay a…

Q: What is a guarantee? How can a guarantee be revoked or discharged

A: The guarantee represents the contract that the guarantor will perform the promise and discharge the…

Q: When should the liability associated with a product warranty be recorded?

A:

Q: What is a promissory note, and what are some terms that arenormally included in promissory notes?

A: SOLUTION:- A promissory note is a instrument where one person or party promises(the note's issuer)…

Q: What is a promissory note, and what terms are normally included in promissorynotes?

A: A document or agreement that promises the payment of a specific sum of money at a later date to the…

Q: What is meant by a promissory note?

A: The amount due to be paid for loan can be promissed by customer by issuing promissory note.

Q: what is the difference between secured transactions and unsecured transactions

A: Secured transactions are the transactions which are supported by collateral or any other security.…

Q: Describe how the matching principle applies to contingent liabilities (hint: warranties).

A: Introduction:- Contingent liability may or may not occurred in the future. Matching principles…

Q: How is certificate of deposit beneficial?

A: A certificates of deposit basically are a sort of the financial savings account that holds a sure…

Q: Explain Special Warranty Deed?

A: Special Warranty Deed: A special warranty deed is a steadfast property deed in which the property…

Q: How can you tell if a warranty should be treated as a quality-assurance warranty or an extended…

A: Warranty:A warranty is an assurance for the integrity of the product or service. Types of warranty:…

Q: **Please provide new ans***   Why would a company choose to classify a security as “trading”…

A: In business, securities are regarded as the financial instruments which are handled to raise fund…

Q: Define the term warranty.

A: A warranty is a type of guarantee that a manufacturer or similar party makes with regard to the…

Q: What is trade-off credit and collection policies and its compositions?

A: A external financing is an agreement agreement understanding between partners that facilitates the…

Q: What is the relationship of the promissory note between the maker and the payee?

A: A note of hand can be a financial instrument that contains a written promise by one party (the…

Q: Discuss the risks posed by credit derivative contracts and standby letter of credit.

A: Credit derivative is referred to as the financial contract, which used to allow the parties for…