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Question - Pistons company sells portable DVD players for P28,000 each and offers to each customer a 3-year service contract for an additional P3,000. During 2023, the company sold 800 DVD players and 500 service contracts for cash. Expenses related to the service contracts for 2023 amounted to P90,000. Past records of the company indicate that the pattern of repairs has been 50% in the year of sale, 30% in the second year, and 20% in the third year. Sales of the contract are made evenly during the year. How much is the liability for service contracts on December 31, 2023?
aj accounting performs two types of services audit and tax. ajs overhead costs consist of computer support 200000 and
Discuss the elements of the process map.
stackhouse international inc. completed its first year of operations on june 30 2010. the firms income statement for
Keith obtains the shoes at the lowest possible unit cost of $28 per pair. What is the minimum-cost order quantity for the shoes
Outsourcing may provide tremendous advantages for firms. It may allow companies to specialize, reduce costs, and focus narrowly on the core competencies they deem strategic; however, companies also have to think about what they may lose both quali..
A store credit card states an annual interest rate of 24.5%. If outstanding balances are compounded daily, what is the effective rate of interest
Problem - Preparation of a Corrected Balance Sheet. Buildings are stated at cost, except for one building that was recorded at appraised value
The following are excerpts from the 2010 financial statements of Renault ,a large French automobile manufacturer.
Tony Baustita needs $25,000 in 4 years. What amount must he invest today if his investment earns 12% compounded annually?
some say the balance sheet reports the health of a company on a given date. what is the rationale for this statement?
Determine the effect on carrying value and earnings,currently classified as available-for-sale, but client would like to change its reporting to trading
Using your own experience or some internet research, write an equation that represents a cab company's rate taking into account the initial flat boarding rate and the per mile rate.
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