User Account

All Pages

What are the potential negative aspects of the changes

Assignment Help Financial Accounting
Reference no: EM132792843

At the end of 2020, AEL is considering changing its practice from selling service warranty separately to bundling it with the product sales. By this, customers will be automatically provided with a four-year warranty when they purchase the multimedia presentation systems. The new price of the bundled product would be the sum of the current sales prices of the product and service warranty purchased separately.

Required:

problem 1: Advise AEL on the proposed change. Explain how the accounting treatments will be different and the effects on reported income and financial statements. What are the potential negative aspects of those changes, and what other issues should be considered? Journal entries are not required.

Reference no: EM132792843

Questions Cloud

The price of lithium and production of lithium : What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer.
Program in java to reverse a string using recursion : 1. Program in Java to reverse a string using recursion: Input any string: recursion Expected Output :
Does the coverage of such events reflect social politics : Discuss how the Media reflect public opinion when covering events like police brutality, black lives matter, and LBGT events/issues.
MG5565 International Management Assignment : MG5565 International Management Assignment Help and Solution - Brunel University London, UK - Assessment Writing Service
What are the potential negative aspects of the changes : Advise AEL on the proposed change. Explain how the accounting treatments will be different and the effects on reported income and financial statements.
Discuss the key facts and critical issues of the life : In narrative format discuss the key facts and critical issues of the life, crimes, and conviction of Aileen Wuornos. Given her life circumstances do you believe
What is an artificial neural network : 1. What is an artificial neural network and for what types of problems can it be used?
Design suitable cloud-based it systems : Design an alternate solution to address the scenario. Use a variant of the cloud architecture used in Part A (1), different mechanisms with the cloud
What are the most common ann architectures : 1. What are the most common ANN architectures? For what types of problems can they be used?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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