Reference no: EM132845572
Question - Gidget's Gadgets Corp. (GGC) manufactures electronic equipment such as TVs; computers; and smartphones. In keeping with industry practice, GGC offers a two-year warranty on all products it sells. The warranty coverage is automatic, that is all purchasers receive warranty coverage when they buy any of GGC's products. Moreover, GGC does not sell warranty coverage on its, or other competitor's products on a stand-alone basis. GGC estimates that its warranty costs will average 1% of sales in the first year following the sale and 2% in the second year following the sale for total estimated costs of 3% of sales. Summary details with respect to GGC's warranty plan follow:
December 31, 20X3 Provision for warranties balance $140,000
20X4 Net sales $6,000,000
20X4 Cost of warranty repairs $160,000
20X5 Net sales $7,000,000
20X5 Cost of warranty repairs $170,000
Required - What amount should GGC report as a provision for warranty payable on its statement of financial position as at December 31, 20X5?
How has defined america role in world affairs
: So- in Woodrow Wilson's speech, he calls on the United States to "make the world safe for democracy." What do you think about this goal?
|
Why do theater companies continue to put on the play
: Did you enjoy the play? What, specifically, pleased or displeased you about what was expressed and how it was expressed? In what ways is the setting important?
|
Expected difference in outcome between treatment groups
: 1. The investigator finds more money for the study than expected difference in outcome between treatment groups
|
Describe characteristics for each of the english colonies
: Now, imagine you are a colonist in the 1600s. Which region, north, south, or middle colonies seems most appealing to create a new life in the New World?
|
What amount ggc report as a provision for warranty payable
: What amount should GGC report as a provision for warranty payable on its statement of financial position as at December 31, 20X5
|
What is the probability that white blood count
: If one person from this group is randomly selected, what is the probability that their white blood count is between 3.2 and 5 cells per microliter?
|
How your lesson extends skills taught in sample lesson plan
: Write a 250-500 word rationale explaining your instructional choices, how your lesson extends the skills taught in the "Sample Lesson Plan" for Marcus, and how.
|
Classify hourly wage rate of the employees
: Costco has three different data analysts in BC and they suggested three different plans to classify hourly wage rate of the employees of the company as follows:
|
How did change globalization in terms of innovations
: Why he and many other notables supported this statement, especially concerning the discovery of America. What was so important about this New World across
|