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A company sells computers at a selling price of $1,400 each. Each computer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all computers sold will be returned under the warranty at an average cost of $142 each. During November, the company sold 22,000 computers, and 320 computers were serviced under the warranty at a total cost of $45,000. The balance in the Estimated Warranty Liability account at November 1 was $25,000. What is the company's warranty expense for the month of November?
woodlands restaurant supply operates in two shifts paying a late-shift premium of 10 and an overtime premium of 75.
Explain how the lack of an ongoing accounts payable system will affect the auditor tests for the purchases and payables cycle. Your answer should also identify assertions and account balances affected.
The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners, Inc. requires a 10% rate of return. What is the approximate net present value of this investment?
Mr. At Risk owns a food processing business, he needs 1,000 tons of flour in three months' time.
Determine how the company Coca cola could best allocate costs to divisions, plants, departments, contracts, and / or products. Explain your rationale.
You can tax shelter only one-half of your retirement savings. You want to invest one-half of your savings in bonds and one-half in stocks. How much of the bonds and how much of the stocks should you allocate to the tax sheltered investment?
Create a chart of accounts for a small business. If you are currently working in the accounting field, you may use the chart of accounts from your business as the basis of your work. Include your explanation of the structure.
medco is a large manufacturing company currently using a large printing press in its operations and is considering two
Corporation has $10 par value common stock with 1000000 shares authorized, and a value of 7000000 before purchasing 3000 shares of common stock. the resulting number of common shares issued and outstanding is?
how does lifo affect income if prices increase decrease or remain the same?and how does fifo do the same? and how do
Tones Company purchased a warehouse in a downtown district where land values are rapidly increasing. Gerald Carter, controller, and Wilma Ankara, financial vicepresident, are trying to allocate the cost of the purchase between the land and the bui..
Lea Mediators, a not for profit religious organization suffered damages when a storm broke glass windows in Lea's building. A member of Lea's congregation, a professional glazier, replaced the windows at no charge. In Lea's statement of activities..
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