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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%.
Problem 1: The warranty provision for 2016 is
Grande's 2019 income statement included net credit sales of $400,000, cost of goods sold of $110,000, Compute the Receivables turnover ratios
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Calculate the current value of LMN's 200 ordinary shares under each of the following independent conditions.
Redfield Company reports current earnings of $420,000 while declaring $52,000 in cash dividends. Snedeker Company earns $147,000 in net income and declaring $13,000 in dividends. On January 1 of the current year, Snedeker acquired in the open market ..
On December 2, 2009, the investment was sold for $18,600. Prepare journal entries for 2008 through 2009 relating to the above transactions
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