What should be the rectifying entry for ₹3, 50,000 spent on a family trip enjoyed by Mr. Khanna and recorded them by debiting to Office Expenses A/c? a) Drawings A/c Dr. 3,50,000

To Cash A/c 3, 50,000

b) Drawings A/c Dr. 3,50,000

To Office Expenses A/c 3, 50,000

c) Office Expenses A/c Dr. 3,50,000

To Drawings A/c 3, 50,000

d) Cash A/c Dr. 3,50,000

To Office Expenses A/c 3, 50,000

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.