I need the below question answered ASAP for mba 560 financial and manaagerial accounting.

Mitchell Corporation sells 4,000 units of inventory during the year for $500 each. The selling price includes a

oneminusyear

warranty on parts. It is estimated that 3% of the units will be defective and that repair costs are estimated to be $50 per unit. In the year of sale, warranty contracts are honored on 80 units for a total cost of $4,000. What amount will be reported as Estimated Warranty Payable at the end of the year?

A. $6,000.

B. $2,000.

C. $4,000.

D. $0.

Michigan Bank lends Canton Furniture Company $100,000 on December 1. Canton Furniture Company signs a $100,000, 8%,

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note. The total cash paid at maturity of the note is:

A. $102,666.67.

B. $100,000.

C. $108,000.

D. $106,000.

Nationwide Magazine sells 60,000 subscriptions in March at $15 each. The entry is made in March to record the sale of the subscriptions would include a:

A. credit to unearned subscription revenue for $900,000.

B. debit to subscriptions receivable for $900,000.

C. debit to prepaid subscriptions for $900,000

D. credit to cash for $900,000.

Secured bonds are bonds that:

A. give the bondholder the right to take specified assets.

B. are in the possession of a bank.

C. have detachable interest coupons.

D. are registered in the name of the owner.