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Problem
JVS had car sales for 2 mill. estimated warranty costs are 3% of sales. at the end of the year warranty work totaled $25000. what is the warranty expense of the year? what is the warranty liability at the end of the year?
GoSnow lnc providers snow removal serivices for Novermber Though March. Customers prepay $315 for this serivice for all 5 months. Go snow has 116 customers. Gosnow recognizes revenue evenly throughout the months.
What is the entry when the prepayment is received?
What is the journal entry on December 31?
1 a restrictive endorsement on a check a can be further endorsed by someone else. b permits the bank to use its best
berea company produces 2500 units. each unit was expected to require 2 labor hours at a cost of 10 per hour. total
determine how much money would be in a savings account that started with a deposit of 2000 in year 1 with each
explain why the owners investment and revenues increased owners equity while withdrawls and expenses decreased owners
Allowance for Uncollectible Accounts, USD 950 (credit balance); Sales, USD 920,000; and Sales Returns and Allowances, USD 12,000. Prepare journal entries to adjust for possible uncollectible accounts under each of the following assumptions:
Compute the net present value and internal rate of return to determine the financial feasibility of this project
gore manufacturing incurred the following costs during the year direct materials 22 per unit direct labor 14 per unit
the converting department of forever fresh towel and tissue company had 840 units in work in process at the beginning
to-go produces milk and sour cream from a joint process. during june the company produced 240000 quarts of milk and
x.hmld like to compare answers with someone else as i dont know if i understand a lot of this accounting stuff i only
1.what are the functional currencies of fords subsidiaries?2.how much and where did ford report the gain or loss on
You let your senior know that you likely do not have any additional work to perform. Your senior asks you to reconsider your conclusion. What is likely the primary concern of your senior?
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