On october 29, 2014, lobo co. began operations by purchasing razors for resale. lobo uses the perpetual inventory method. the razors have a 90-day warranty that requires the company to replace any nonworking razor. when a razor is returned, the company discards it and mails a new one from merchandise inventory to the customer. the company's cost per new razor is $15 and its retail selling price is $60 in both 2014 and 2015. the manufacturer has advised the company to expect warranty costs to equal 6% of dollar sales. the following transactions and events occurred. 2014 nov. 11 sold 70 razors for $4,200 cash. 30 recognized warranty expense related to november sales with an adjusting entry. dec. 9 replaced 14 razors that were returned under the warranty. 16 sold 210 razors for $12,600 cash. 29 replaced 28 razors that were returned under the warranty. 31 recognized warranty expense related to december sales with an adjusting entry. 2015 jan. 5 sold 140 razors for $8,400 cash. 17 replaced 33 razors that were returned under the warranty. 31 recognized warranty expense related to january sales with an adjusting entry. 1.1 prepare journal entries to record these transactions and adjustments for 2014. 1.2 prepare journal entries to record these transactions and adjustments for 2015.

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?