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A company sells computers at a selling price of $1,800 each. Each computer has a 2 year warranty that covers replacement of defective parts. It is estimated that 6% of all computers sold will be returned under the warranty at an average cost of $160 each. During November, the company sold 25,000 computers, and 400 computers were serviced under the warranty during November at a total cost of $61,000. The balance in the Estimated Warranty Liability account at November 1 was $39,000. What is the company's warranty expense for the month of November?
the following transactions occurred during 2013. assume that depreciation of 10 per year is charged on all machinery
On December 31, 2003, after $250 of the premium has been amortized, Stadler bought back all of the bonds at 103. What is the amount of gain or loss on the retirement of the bonds?
harolds roof repair has provided the following data concerning its costsfixed cost per monthcost per
On January 1, 2010, Parabolic Company issued 8% bonds with a face amount of $72.9 million, dated January 1. The bonds mature in 2025 (15 years). The market yield for bonds of similar risk and maturity is 10%. Interest is paid semiannually.
company took loans of 400000 from mbl as well as issued 8 debentures of 500000b as collateral security pass journal
dester manufacturing company makes a product that it sells for 50 per unit. the company incurs variable manufacturing
No accrual entries have been made for the vacations. No over-time premium and no bonuses were paid during the period. Prepare the appropriate adjusting entry for vacations earned but not taken in 2011.
USAco's gross receipts for the year are $200 million. Under what circumstances would USAco be potentially subject to the Code Sec. 6662(e) substantial valuation misstatement penalty?
We need to discuss what these options are, how they effect the financial reports, and which one(s) are most beneficial given various goals. Start by describing each of the options for valuing inventory.
The cost associated with maintaining rural highways follows a predictable pattern. There're basically no costs for the first three years, but thereafter maintenance is needed for restriping, weed control, light replacement, shoulder repairs, etc.
M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, balance sheet, what amount of liability for compensated absences is M required to report?
What is the total basis of the Apple Corporation stock, the per share basis, and gain recognized upon receipt of the common stock dividend?
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