Read the product warranties section of the organization

Assignment Help Managerial Accounting
Reference no: EM13896288

Both Polaris and Arctic Cat provide warranties on the products they sell. Accurate estimates of these future warranty claims are important. Access the annual report or 10 K for both Polaris (from Appendix A) and Arctic Cat. The Polaris report is for the year ended December 31, 2011, and the Arctic Cat report is for the year ended March 31, 2011.

Required: 

1. Read the Product warranties section of the Organization and Significant Accounting Policies foot note for Polaris. For each of the three years reported, compare the dollar amounts of the annual warranty expense and actual warranty claims paid. Is Polaris' warranty expense higher, lower, or about the same as its warranty claims paid? 
2. Read the Product Warranties section of the Summary of Significant Accounting Policies footnote for Arctic Cat. For each of the three years reported, compare the dollar amounts of the annual warranty expense and actual warranty claims paid. Is Arctic Cat's warranty expense higher, lower, or about the same as its warranty claims paid? 
3. Using the answers from parts (1) and (2), which company made more accurate estimates of warranty costs over the most recent three years?

Reference no: EM13896288

Questions Cloud

The market demand for the good : These are the only two firms in the market where the MARKET demand for the good = P = -2Q + 50. a)  Find the profit of each firm if EACH firm produces 5 units of output.   Show that if one firm produces 6, but the other stays at 5, the firm producing..
Draw the structural formula of the major organic product : Draw the structural formula of the major organic product from each of the following reactions. If no reaction, write NR.
What is return on assets for great northwest canoe and kayak : Suppose you have been asked to determine the return on net worth for Great Northwest Canoe and Kayak. What is the return on assets for Great Northwest Canoe and Kayak?
Post the general journal entries to the general ledger : Post the general journal entries to the general ledger in the Excel spreadsheet
Read the product warranties section of the organization : The Polaris report is for the year ended December 31, 2011, and the Arctic Cat report is for the year ended March 31, 2011.
How would you design resulting operations management system : What impact would this shift in critical customer have on you-how would you design the resulting operations management system (including the supplier base)?
Discuss the efficient market hypotheses : Discuss the efficient market hypotheses
What would corresponding goals be for operations management : what would the corresponding goals and metrics be for Operations management/manufacturing and Product engineering and design.
President johnson possessed depth in their areas : President Johnson possessed depth in their areas of expertise beyond that of the President, who was a master mover of legislation to accomplish domestic social programs but very much out of his league in military matters and international relation..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Schedule of expected cash collections for november

Prepare a Schedule of Expected Cash Collections for November and December and prepare a Merchandise Purchases Budget for November and December.

  What is the cost to ralph of acquiring input h

Suppose the manager is trustworthy and will honor any agreement (or, equivalently, serious penalties are feasible and the manager's input can be observed). What is the cost to Ralph of acquiring input H?

  What strategic objectives information system address

What strategic objectives this Information System address and in each strategic objective (from answer 1), how does Information System improve business process?

  Seek out a conversation with a friend relative classmate

seek out a conversation with a friend relative classmate co-worker or instructor. attempt to engage them in a

  What are cost drivers

A few questions though could be asked to make it easier for me to understand. Some of these are: What would you consider as an individual product? What are cost drivers?

  Division of hewlett-packard

Assume a division of Hewlett-Packard currently makes 12,000 circuit boards per year used in producing diagnostic electronic instruments at a cost of $37 per board, consisting of variable costs per unit of $25 and fixed costs per unit of $12. Further ..

  Managerial accounting case3 from davenport university hii

hii need a tutor to do this assignment for me. i need at least an 80 on it. i need a report with word document and

  Prepare an annual budget for ballarat furniture company

This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups.

  Activity-based costing and management

Mattresses-A-Million produces Pillow-Top mattresses. They have been using a volume-based costing system to allocate overhead based on direct labor-hours. The Pillow-Top requires two hours of direct labor.

  Identify each expense as fixed-variable,or mixed

Identify each expense as fixed, variable, or mixed and prepare a contribution margin income statement based on a volume of 5,000 windows.

  Summarize the events of a recent accounting scandal

summarize the events of a recent accounting scandal. identify how the illegalunethical act was detected and the

  Instructionsnbspread the following scenario respond to the

instructionsnbspread the following scenario. respond to the scenario with an essay laying out a managerial plan that is

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd