Acompany sold $12,000 worth of trampolines with an extended warranty. it estimates that 2% of these sales will result in warranty work. the company should: a. consider the warranty expense a remote liability since the rate is only 2%. b. recognize warranty expense at the time the warranty work is performed. c. recognize warranty expense and liability in the year of the sale. d. consider the warranty expense a contingent liability. e. recognize warranty liability when the company purchases the trampolines.
Answers: 3
Business, 22.06.2019 09:30
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
Business, 22.06.2019 12:50
There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration
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Business, 22.06.2019 22:10
What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamonâs investment strategy? how much is 51% of teamsystemâs common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if itâs not a go, what counterproposal would you make?
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Business, 22.06.2019 23:30
Miller companyâs most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.
Answers: 1
Acompany sold $12,000 worth of trampolines with an extended warranty. it estimates that 2% of these...
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