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Question - Alpha Company sells widgets for $35 each. The widget has a one year warranty. Alpha estimates that 6% of the widgets will require repair during the warranty period. The estimated average repair cost is $4.30 per widget. On July 31, the Estimated Warranty Liability account had a normal balance of $25,000. During August, sales were $70,000. During August, 470 widgets were repaired under the warranty agreement with an actual cost of $4.50 each. Use this information to determine:
1. The August 31 Estimated Warranty Liability ending balance
2. The August Warranty Expense
Below are data showing the results of six subjects on a memory test. The three scores per subject are their scores on three trials (a, b, and c) of a memory task.
You are looking for the latest and greatest portable computer to replace your fiveyear old laptop. You will use this computer for both work and personal.
York is taking out a $10,000,000 two-year loan at a variable rate of LIBOR plus 1.50%. The LIBOR rate will be reset each year at an agreed upon date. The current LIBOR rate is 4.00% per year. The loan has an upfront fee of 1.00% a) What is the all..
Discuss various situations in which a government has fiduciary responsibility but does not report them in fiduciary funds.
Mr. Moore has hired you as his accountant. The two of you discuss the business and decide upon the following chart of accounts.
Determine the amount of net income for March, assuming that the owner made no additional investments but withdrew $50,000 during the month__________.
Hilton Enterprises sells a product for $68 per unit. The variable cost is $36 per unit, while fixed costs are $286,720. Determine the (a) break-even point in sales units and (b) break-even point if the selling price were increased to $76 per unit.
Would it be appropriate to make the changes described above in order to obtain favorable terms from the labor union negotiators?
What affect does this have on the gross profit and goods available for sale in the 2014 income statement; in dollars understated or overstated. What affect does this have on net income and retained earnings in dollars understated or overstated for 20..
the information is available for completed job 402 direct materials 60000 direct labor 90000 manufacturing overhead
Need some advice with excel: I have a working model of a production facility where a Widget producing machine breaks down every 200 minutes, and a palletizer which breaks down every 15 operations. What I need to know is how to prioritize tasks on an ..
in year 1 laylor company had revenues of 100000 advertising expense of 22000 depreciation of 15000 and other expenses
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