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Question - During 2020, an entity introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to peso sales are 6% within 12 months following sale and 5% in the second 12 months following sale. The entity does not re-adjust its warranty liability at year-end unless materially different from this expectation.
The entity reported sales of P6,000,000 for 2020 and P7,200,000 for 2021. The actual expenditures incurred and paid amounted to P340,000 for 2020 and P760,000 for 2021.
What is the warranty expense for 2021?
What are the cash flows related to this purchase for each of the next 10 years? Ignore taxes.
40%, that the operating income is proportional to divisional value and that VRC has a debt to capital ratio of 40%, estimate the equity beta for VRC.
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The fair value of Polk shares held by noncontrolling parties was P10,000. On Polk January 2, 2011 consolidated balance sheet, determine the current liabilities
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