User Account

All Pages

What will stanley company report for estimated warranty

Assignment Help Accounting Basics
Reference no: EM131760635

Question - Stanley Company manufactures lamps. They provide one-year warranties on all of their products. In 20X2, they had $450,000 in net sales. Stanley Company estimates that 2.5% of net sales will require warranty repairs. The estimated warranty payable account had a balance of $13,500 on January 1, 20X2. Throughout the year, Stanley Company paid $14,100 of warranty claims. What will Stanley Company report for estimated warranty payable on December 31, 20X2?

$11,250

$10,650

$24,750

$14,100

Reference no: EM131760635

Questions Cloud

Create your own definition of creative thinking : Create your own definition of creative thinking. Describe criteria leaders should use to determine whether they are employing creative-thinking techniques.
What is the root cause of the problem : Statement of the problem the CEO is facing. What is the root cause of the problem? Can use 5 Whys or some other analysis.
Discuss cash down payment and a zero-interest-bearing : Truck has a list price of $35,900 is acquired by making a down payment of $10,000 cash down payment and a zero-interest-bearing 2-year note
Standard deviation of the sample mean : How large an SRS must you take to reduce the standard deviation of the sample mean to 0.5 inch?
What will stanley company report for estimated warranty : Throughout the year, Stanley Company paid $14,100 of warranty claims. What will Stanley Company report for estimated warranty payable on December 31, 20X2
A diet doctor claims that the average american : A diet doctor claims that the average American is more than 10 pounds overweight. To test his claim, a random sample of 50 Americans was selected.
Prepare worksheet elimination for intercompany transaction : Miller Corporation (a 90 percent subsidiary) sells equipment to its parent, Huss Enterprises, for $180,000 on October 1, 2015.
Discuss outstanding debt during the year at a borrowing rate : The firm had $200,000 of other outstanding debt during the year at a borrowing rate
Find the minimum height of the ceiling of an airplane : Suppose that the height of a man is normally distributed with a mean of 5' 9" (69") and a standard deviation of 2 inches. Find the minimum height of the ceiling

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