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Question - Kings Company gives warranties at the time of sale. Sales of P20,000.000 were made evenly throughout 2016. Experience indicates that 90% of the products sold require no warranty repairs; 7% would require minor repairs costing 10% of the sales price. The appropriate discount repairs/ replacement costing 85% of the sales price. The appropriate discount factors for cash flows expected to occur on June 30, 2016 is 0.935. An appropriate risk-adjustment factor to reflect the uncertainties in the cash flow estimates is an increment of 6%. Determine the warranty provision for 2016?
The firm's year-end is on December 31, 2024. You received on January 22, 2024 a bank debit memo dated January 20,2024, for service charges on the bank account?
Put options on XYZ stock has an exercise price $40 are selling for $4. What will be the gain/ loss if you exercise a) call option and b) put option
How much will you have in this account at the end of 11 years? Assume that all interest received at the end of the period is reinvested the next period.
Grayson Company's high and low level of activity last year was 7,600 units of product produced in May and 3,600 units produced in November. Machine maintenance costs were $16,200 in May and $12,800 in November. Use the high-low method to determine an..
Assume the investor utilizes their maximum margin potential. How many shares of NEWC can the investor purchase
Evaluation of Variable cost per unit and Using the high-low method, what is the variable cost per unit
Blair underpaid her taxes by $250,000.- A portion of the underpayment was shown to be attributable to Blair's negligence ($100,000). - Compute the total fraud and negligence penalties incurred.
Compute the growth rate and the price Earnings before the strategies proposed above were implemented by the board and the president
If GadgeTech uses a Periodic LIFO Inventory system, what is their "Ending Inventory" balance on December 31, 2020
Port Allen Chemical Company processes raw material D into joint products E and F. Raw material D costs $4 per liter. It costs $100 to convert 100 liters of D into 60 liters of E and 40 liters of F. Determine whether Product F should be sold or proces..
The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight-line depreciation. In recording transaction?
A New Zealand company has a foreign denominated asset in United States dollars worth US$600,000 on the 1 July 2016. The US debtor is due to repay this debt to the New Zealand company over the next 12 months. Prepare the journal entries to capture the..
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