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At 30 June 2019, Bright Electronic adjusted its Provision for Warranties so that it would be equal to 1% of sales for the year ended on that date. Sales for the year ended 30 June 2019 were $1,000,000 and the Provision for Warranties before the adjustment was $5,000. On 26 November 2018, a successful claim for a warranty on faulty goods to the cost of $1,000 was made on Bright Electronic. Pass the Journal entries to record the above transactions/events.
Assess the validity of Ball's comments and discuss five factors which lead to national differences in accounting (Hint: treat different cultural dimensions)
Determine and calculate monthly payment mortgage. Congratulations, you have just bought a new town house in Langley appraisal
What is the amount of the check? Skysong, Inc. sells merchandise on account for $6400 to Sheridan Company with credit terms of 2/8
Suppose it issues new? risk-free debt with a 6.5% yield and repurchase 10% of its stock. What is the expected return of Yerba stock after this? transaction?
What is the pre-tax income for the year 2012, what is the taxable book income for the year 2012 and what is the taxable income for the year 2012?
Find What is the appropriate journal entry to recognise the impairment loss? A motor vehicle with a cost of $500 and accumulated depreciation of $120
Assuming that the risk-appropriate discount rate for the tax shield is only 6%, what would be the present value of LCMS' interest tax shield?
Explain the various methods of estimating cost. Describe the difference between organizational vision, core competencies, Organizational Strategies, Operating Plans and Actual Operations.
Earnings are expected to grow by 15% each year for the next 5 years and 3% thereafter. What is your estimate to the Terminal Value
Explain how would your answer to part a change if Randall originally organized Silver Fox Corporation, capitalizing it with $250,000 of cash and assuming Silver Fox qualifies as a small business corporation?
Create a brief report for the board showing the projects that would be undertaken and also determine the dividend that could be paid.
You invest $25,000 today at 8% per year. How much money will you have accumulated after 13 years? Your friend has learned that he is going to receive $7,500 a year for the next 10 years. Utilizing 5% interest rate, calculate the current value of the ..
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