Business, 20.03.2020 03:00 cbaldwin6605
Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from corporations upgrading their computer systems, and it backs each notebook it sells with a 90-day warranty against defects. Based on previous experience, Computer Wholesalers expects warranty costs to be approximately 5% of sales. Sales for the month of December are $590,000. Actual warranty expenditures in January of the following year were $22,500. Required: 1. Does this situation represent a contingent liability
Answers: 2
Business, 22.06.2019 20:00
On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?
Answers: 1
Business, 22.06.2019 20:30
Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear
Answers: 3
Business, 22.06.2019 22:10
Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.
Answers: 1
Business, 23.06.2019 14:30
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 1
Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook co...
Mathematics, 04.12.2021 21:30
Mathematics, 04.12.2021 21:30
Mathematics, 04.12.2021 21:30
English, 04.12.2021 21:40
Geography, 04.12.2021 21:40
Mathematics, 04.12.2021 21:40
Mathematics, 04.12.2021 21:40
Advanced Placement (AP), 04.12.2021 21:40
History, 04.12.2021 21:40
History, 04.12.2021 21:40
Computers and Technology, 04.12.2021 21:40