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!
1.The following is an excerpt from USAToday.com:Microsoft (MSFT) on Thursday extended the warranty on its Xbox 360 video game console and said it will take a charge of more than $1 billion to pay for "anticipated costs." Under the new warranty, Microsoft will pay for shipping and repairs for three years, worldwide, for consoles afflicted with what gamers call "the red ring of death." Previously, the warranty expired after a year for U.S. customers and two years for Europeans. The charge will be $1.05 billion to $1.15 billion for the quarter ended June 30. Microsoft reports its fourth quarter results July 19.Required:1. Why must Microsoft report this charge of over $1 billion entirely in one quarter, the last quarter of the company's fiscal year?2. When the announcement was made, analyst Richard Doherty stated that either a high number of Xbox 360s will fail or the company is being overly conservative in its warranty estimate. From an accounting standpoint, what will Microsoft do in the future if the estimate of future repairs is overly conservative (too high)?
Each one of the subsidiary books is a special journal and a book of original or prime entry - journal entries are passed in all the subsidiary books.
dr. massy who specializes in internal medicine wants to analyze his sales mix to find out how the time of his physician
eaton co. uses the retail inventory method to estimate its inventory for interim statement purposes. data relating to
with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax, is
John's car was completely destroyed by fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. W..
haskell brothers products inc. manufactures a liquid product in one department. due to the nature of the product and
charles corp. has outstanding accounts receivable totaling 6.9 million as of december 31 and sales on credit during the
Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis.
on may 1 year 1 carter advertising company received 5640 from kaitlyn breanna for advertising services to be completed
shannon oreilly is trying to decide whether to continueto take public transportation to work or to purchase a car.
Holly's stockholders' equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2010.
Compute the depreciation expense for year 2013 on the land improvements assuming a five-year life and double-declining-balance depreciation.
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