User Account

All Pages

What percent would you recommend if you were bunch

Assignment Help Accounting Basics
Reference no: EM132749520

Question: Denise Bunch is the sales manager for a tractor supply company. She earns an annual bonus based on sales minus related warranty expenses. Actual warranty expenses have varied over the past 15 years from a low of 2% of sales to a high of 10%. In the past, Bunch has recommended an estimate on the high side of the range in order to be conservative.

1. Does the warranty accrual recommendation createe an ethical dilemma for Bunch? If so, explain why.

2. What percent would you recommend if you were Bunch. (Justify your answer)

Reference no: EM132749520

Questions Cloud

What is the minimum amount that jack will have : During 2019, Jack Harris sells a capital asset with an adjusted cost base of $87,200 for proceeds of $105,300. He receives a down payment of $5,300 in 2019.
How much is the gain loss on repossession : ABC Company. uses instalment sales method Of accounting. During the year, a buyer defaulted on an instalment sale leaving ABC Co with no other choice.
Compute the depreciation on the tugboat : Various depreciation methods-two years On September 6, 2017, East River Tug Co. purchased a new tugboat for $400,000. The estimated life of the boat was 20 year
Compute first and second-year macrs depreciation : D&R Company, a calendar year corporation, purchased $1,116,000 of equipment on August 3. This was D&R's only purchase of depreciable property for the year.
What percent would you recommend if you were bunch : Denise Bunch is the sales manager for a tractor supply company. She earns an annual bonus based on sales minus related warranty expenses.
Find out the extent of global accounting standards : Find out the extent of global accounting standards to which open international markets exist. Answer word is require thousand something.
What increase in the selling price is necessary : Astra produces one product. A 10% wage increase goes into effect next year to the manufacturing employees. The wage is a variable labor. Overhead will not.
Explain and critically evaluate the malaysia digital taxes : COVID 19 pandemic in Malaysia is part of worldwide pandemic. The virus has reached Malaysia in late January 2020 from China arriving Johor via Singapore.
Which section of authoritative guidance outlines criteria : ABC Corp., an issuer, is planning to implement an employee share purchase plan. Substantially all employees that meet the limited employment qualifications.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the entry to record the warranty liability at June

Google sells 20,000 units of it's XYZ product in June 20XX. Prepare the entry to record the warranty liability at June 20XX

  How estimate the direct materials quantity variance is

Estimate The direct materials quantity variance is?Myers Corporation has the following data related to direct materials costs for November

  Prepare the current assets section of the balance sheet

Coronado Corporation has the following accounts included in its December 31, 2017, Prepare the current assets section of the balance sheet

  Where would the capital lease be reported in the government

Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification as a capital lease. Where would the capital lease be reported in the government's financial stateme..

  Sanai manufacturing company produces and sells 40000 units

sanai manufacturing company produces and sells 40000 units of a single product. variable costs total 80000 and fixed

  How much were total trade discounts

Llamas Co. sold goods with an invoice price of P5,400,000 on January 1, 2020. Trade discounts were 20% and 10%. Terms were 5/15, n/45. Customer made a down.

  What is one explanation for douglas corp occurrence

Douglas Corp. has experienced tremendous sales growth this year, but it is always short of cash. What is one explanation for this occurrence?

  E-commerce creates its own risks and therefore special

e-commerce creates its own risks and therefore special internal controls. 1 identify and explain one pitfall and one

  How analyze from the perspective of shareholder theory

Is this an ethical question or just a simple cost accounting problem? How would you analyze this from the perspective of shareholder theory?

  Betty meyer makes 40000 per year as an exempt employee she

betty meyer makes 40000 per year as an exempt employee. she worked 25 hours of overtime in the month of march. payday

  Compute the Alberts net tax payable

Martin and Michele received $400 interest on Montgomery County (Virginia) school bonds. Compute the Alberts net tax payable

  Part of the audit team ar ddd partners

Part of the audit team ar DDD partners

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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