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Wright Machinery Corporation manufactures automible engines for major automobile producers. these engiines have a warranty against any defects for a period of five years. Even though wright Machiney does not have a seperate warranty contract, it assumes that the $993 selling price of each egine includes an implied service contract of $73 per engine. During 2007 Wright Machinery sold 8000 engines to National Motors. During 2007 Wright Machinery repaired defective motors at a cost of $94,400.
Required
Prepare the journal entries for the preceeding transactions, assuming that wright Machinery uses the sales warranty accrual method to account for warranties.
youre a tax preparer and one of you clients comes to you frustrated about why there are so many tax law changes. he
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Scott Company's variable expenses are 72% of sales. The company's break-even point in dollar sales is $2,450,000. If sales are $60,000 below the break-even point, the company would report a:
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please give me a quote for solving the attached problems. please do not use the teacher who performed the calculations
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