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The balance of the Estimated Warranty Liability account was $12,500 on January 1, 2013, and $17,200 on December 31, 2013. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 1.5% of sales, and sales during the year were $1,300,000.Required:a. What amount of warranty expense will appear on the income statement for the year ended December 31, 2013?b. What were the actual costs of servicing products under warranty during the year?
Describe the fiduciary activities of a state or local government and explain how accounting and financial reporting for fiduciary activities differ from those for governmental and business-type activities.
at march 31 streuling enterprises a merchandising firm had an inventory of 38000 units and it had accounts receivable
a current hot topic in accounting is the potential change from u.s. gaap to ifrs. there is much discussion on the
a business purchases 40000 merchandise on credit terms 210 n 30 on june 6 2009. if it pays for the merchandise on june
You have decided to open an Internet site to buy and sell used music CD. Describe your approach to customer relationship management for your new business.
Critical Thinking and Job Requirements : While communication and critical thinking skills are important, they may not be the only requirements for a future job.
grandiose secured an option to purchase a tract of land for 100000. he then organized dunbar corporation and subscribed
zorn conducted his professional practice through zorn inc. the corporation uses a fiscal year ending september 30 even
Research one (1) publicly traded company that committed fraud within the last five (5) years and the fundamental drivers of the fraud.
Compute net cash provided by operating activities,the net change in cash during the year, and free cash flow.
Compute the amount of before-tax savings that must be generated by the new tractor to have a payback period of no more than 3 years.
Using an internet search engine, search for the terms best of breed + ERP. Locate information that addresses the debate/dilemma faced by many companies regarding the decision implementing best of breed technology versus new applications from an ERP v..
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