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Manuel transmission sells transmissions with a 1 year warranty in 09The company sold 1,ooo manual transmissions with sales totaling 400,000. They estimate that the product warranty is 5% of sales. in 2010 a customers transmission was repaired under warranty repair required 80.00on parts and 60.00 of labor.prepare adjusting entry to accrue the product warranty liability at 12/31/09 and prepare and entry to record the warranty repair work performed in early 2010.
What is the change in the number of days sales uncollected between years 2010 and 2011? According to this analysis, is the company's collection of receivables improving?
busy beaver corp. is interested in reviewing its method of evaluating capital expenditure proposals using the
Assume you're bearish on Stock Y and decide to sell short 100 shares at the current market price of $30 per share. You earn no interest on the funds in your margin account and the cost of borrowing shares is 0.25%.
Frank Clarke, an employee of Smithson Company, was covered under a noncontributory pension plan. Frank died on April 15 2010 at age 64 and pursuant to the plan, his widow received monthly pension payments of 500 beginning May 1 2010.
Jaclyn is going to the company's primary bank to negotiate a line of credit and wants to show the maximum amount of income without actually changing last year's results. What costing method of inventory(variable or absorption) should she choose? W..
life insurance proceeds. joe is the beneficiary of a life insurance policy taken out by his father several years ago.
what is the value of a bond that has a par value of 1000 a coupon of 80 annually and matures in 11 years? assume a
carlisle company is a manufacturer of precision surgical tools. it initiated standard costing and a flexible budget on
a companys cost of goods sold was 3000. determine net purchases and ending inventory given goods available for sale
in february one of the processing departments at whisenhunt corporation had beginning work in process inventory of
What amount of dividend income does Ted report as a result of the distribution and what is Ted's income tax basis in the land received from Sherburne?
Company A buys 25% of the outstanding stock of Company B on January 1, 19X1, for $45,000. The book value of Company B's stock is $100,000.
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