costs = $81,900; other expenses = $52,000; depreciation expenses = $10,900; interest expense = $8,400’ taxes = $16,330; dividends = $7,200. In addition, you are told that the firm issues $2,600 in new equity during 2010, and redeemed $3,900 in outstanding long-term debt.
In: Finance
Whispering Winds Corporation manufactures a line of amplifiers
that carry a three-year warranty against defects. Based on
experience, the estimated warranty costs related to dollar sales
are as follows: first year after sale—1% of sales; second year
after sale—2% of sales; and third year after sale—3% of sales.
Sales and actual warranty expenditures for the first three years of
business were:
| Sales | Warranty Expenditures |
||||||
|---|---|---|---|---|---|---|---|
|
2018 |
$800,000 | $16,400 | |||||
|
2019 |
1,110,000 | 47,000 | |||||
|
2020 |
1,037,000 | 85,000 | |||||
(a)
Calculate the amount that Whispering Winds Ltd. should report as
warranty expense on its 2020 income statement and as a warranty
liability on its December 31, 2020 SFP using the assurance-type
warranty (expense-based approach). Assume that all sales are made
evenly throughout each year and that warranty expenditures are also
evenly spaced according to the rates above.
|
Warranty expense |
||
|---|---|---|
|
Warranty liability |
In: Accounting
What is the type of unemployment in the following scenario? State the unemployment type and explain in a few sentences why it is the case.
1 After completing a complex computer programming project, Tetsuo got fired from his work. His prospects for a new job requiring a similar set of skills are good, and he has signed up with a job placement service for a programmer. He has declined offers for low-paying jobs.
2 When Akira and his co-workers refused to accept any pay cuts, his employer started to outsource the programming jobs to low-paid workers in another country. This outsourcing is happening throughout the programming industry.
3 Due to the current economic slowdown, Kaneda has been laid off from his programming job. His boss promises to rehire him when business picks up.
In: Economics
discuss the importance of innovation in the small and medium enterprise
In: Economics
design an executive summary for product innovation (juicer)
In: Operations Management
In: Economics
In: Economics
what are yahoo's and google's innovation barriers or enablers
In: Operations Management
discuss the role of leadership in building innovation capability
In: Economics
Summary of 3M Where Innovation Is A Way Of Life
In: Operations Management