Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Suffolk Industries prepares financials on a calendar year basis and sold on credit a tractor for a total price of $95,000 at the beginning of January 2017 which included both the manufacturer's 3-year manufacturer's warranty and an extended warranty for an additional 3 years after the end of the manufacturer's warranty expires. The extended warranty was $8,700 of the total price.
Suffolk Industries has estimated the manufacturer's 3-year warranty will cause the company to incur costs of $4,000 over the course of the three years. In 2017, Suffolk Industries incurred actual warranty costs relative to the tractor of $1,300, all of which it paid in cash. Suffolk Industries' policy is to record revenue under its extended warranties using the straight line method.
a. Prepare all journal entries necessary for Suffolk Industries in 2017.
b. What entry will Suffolk record to recognize revenue in the first year covered by its extended warranty?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd