Draw a t-account for the extended warranty liability

Assignment Help Finance Basics
Reference no: EM131421307

Agilent Technologies, Inc., a diversified technology company, sells extended warranties for the products and services provided to customers, deferring the revenue until future recognition. The following information about the extended warranty liability account was taken from Agilent's annual report (dollars in millions):



a. Draw a T-account for the extended warranty liability, record the activity disclosed above in that account, and explain how the entries represent an application of the matching principle.

b. Explain how the cash flow for warranties is different from the profitability of warranties.

Reference no: EM131421307

Accepting or rejecting the offer

Suppose you have 500 acres of timberland, with young timber worth $40,000 if logged now. This represents 1,000 cords of wood worth $40 per cord net of costs of cutting and hau

Type of life insurance

Kurt purchased a policy with an initial premium of $3,000 and may elect how much he desires to pay in premiums from now on. He has purchased a face value of $100,000 and can

The executive team of sunflower nutraceuticals

The Executive Team of Sunflower Nutraceuticals (SNC), located in Miami Florida, has been assigned to completed a 3 phrase capital budgeting over a period of 10 years, to in

What is the equivalent annual annuity

Suppose a project has initial outlay of $12,000 and after-tax cash flows of $2,000 each yearfor first three years and $4,000 each year for the following three years. If the

What will be the amount of your gain or loss

Currently, bonds of this particular risk class are yielding investors 9%. A cash shortage has forced you to instruct you to instruct your treasurer to liquidate the bond.

What is the annual net income

Their annual expenses were mortgage interest of $65,000, depreciation of 3% of the purchase price of the shopping center, and taxes, repairs, and insurance totaling $64,300.

Case scenario of purchase a car from a local dealer

Jay Wechsler agrees to purchase a car from a local dealer, the Con Car Co. The purchase price is $15,000. Jay has the cash to pay the entire amount and wants to do so. Con's

What was the rate of price appreciation for year

Electronics, Inc. common stock returned a nifty 22.68% rate of return last year. The dividend amount was $0.25 a share which equated to a dividend yield of 0.84%. What was t


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd