User Account

All Pages

What is the balance of the warranty obligation

Assignment Help Accounting Basics
Reference no: EM133061374

Question - Huawei Corporation offers a three-year warranty on its goods. According to Huawei, they estimate that warranty costs P400 per item sold. The liability for warranty has a P800,000 balance as of Jan. 1, 2021, for units sold in 2020. During the year, Huawei sold 5,000 units, with actual warranty costs of P1,240,000. As of Dec. 31, 2021, what is the balance of the warranty obligation?

Reference no: EM133061374

Questions Cloud

Normal distribution with mean : Consider a normal distribution with mean equal 50, and standard deviation equal to 4. 5% of the values are less than what X value?
Assets reduce overall portfolio variance : Give a mathematical demonstration for the two-asset case to show that negatively correlated assets reduce overall portfolio variance.
Diversifying portfolio have on returns : 1. What effect will diversifying your portfolio have on your returns and your level of risk?
Mathematical definition of the market portfolio : What is the mathematical definition of the market portfolio? Show that a quadratic utility function implies increasing absolute risk aversion.
What is the balance of the warranty obligation : During the year, Huawei sold 5,000 units, with actual warranty costs of P1,240,000. As of Dec. 31, 2021, what is the balance of the warranty obligation
Compute the annual worth of the project cash flows : Assuming MARR of 4%, compute the annual worth of the project's cash flows, and type in your answer expressed as a cost
How much did his final payment increase : A mortgage currently has an outstanding balance of 400,000. There are 320 level amortizing monthly payments remaining. (The most recent payment has just been ma
Why portfolios of stocks created by sorting stocks : Discuss why portfolios of stocks (like HML and SMB) created by sorting stocks into groups using market value, may proxy for an underlying risk factor that inves
Explain what is meant by the principle of subrogation : Explain what is meant by the principle of subrogation in insurance contracts, and how this principle enforces the broader principle of indemnity

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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