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 - Bombardier Inc. specializes in manufacturing transportation products (aircraft, railway equipment, snowmobiles, and watercraft). The company offers warranties on all of its products. Note 2 to Bombardier's financial statements for fiscal year 2018 stated the following:
Product warranties typically range from one to five years, except for aircraft structural and bogie warranties that extend up to 20 years.
Selected information from Bombardier's annual reports follows (amounts in millions of U.S. dollars):
2018
2017
2016
Revenues
16,993
18,572
18,117
Provision for product warranties at year-end
1,011
1,118
1,165
During fiscal year 2018, Bombardier paid $410 million to customers in exchange for returned products under the warranty.
Required -
1. Compute the amount of warranty expense for fiscal year 2018.
2. Prepare journal entries to record both the warranty expense for the year and the payments made under the warranty.
Disregarding interest, calculate the total penalties that Joan will be required to pay, assuming the failure to file was not fraudulent.
ABC firm has cash of $1,600, accounts receivable of $2,500, inventory of $1,900, and net working capital of $500. What is the cash ratio?
Provide a pro-forma income statement for six years the following: Sales = 5,750,000 with 5% annual growth. Up-front cost of $2,250,000 deperciated over 6 years
Employer contributions for the year 427,500. Prepare a pension worksheet for Blue Corporation for the year ending December 31, 2020
What is the most you should pay for the annuity? Your friend offers to pay you an annuity of $10,000 at the end of each year for 3 years
A company uses the weighted average method in its processing costing system and a normal costing system in the application of manufacturing overhead to production. MOH costs are applied to production at a rate of? $3 per direct labor hour. Direct lab..
Prepare the journal entry to recognize sale of 10 new subscriptions clearly identify the revenue or deferral revenue associated with each performance obligation
Describe the ideal mutual fund for investors who wish to generate tax-free income and maintain a low degree of interest rate risk.
Prepare a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The schedules may be in the appendix). Explain why some cost items have been excluded from the schedules. (Hint: See the reminder from your manager above!)
Explain the relationship between accounting theory, the accounting conceptual framework and accounting standards and Work individually and in groups
At the end of the current year, Accounts Receivable has a balance of $710,000; Determine the net realizable value of accounts receivable
A $100 million interest two months ago. What is the current value of the swap to the party paying floating? What is its value to the party paying fixed?
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd