Business, 28.02.2021 16:50 arianawelsh123l
Riverbed Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2020, the corporation sells for cash 381 computers at a unit price of $2,340. On the basis of past experience, the 2-year warranty costs are estimated to be $142 for parts and $192 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2020.) The warranty is not sold separately from the computer.
Required:
a. Record any necessary journal entries in 2017.
b. What liability relative to these transactions would appear on the December 31, 2017, balance sheet and how would it be classified? In 2018, the actual warranty costs to Brooks Corporation were $21,400 for parts and $39,900 for labor.
c. Record any necessary journal entries in 2018.
Answers: 1
Business, 22.06.2019 03:30
Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. to break through the barrier and begin making sales, sarah should use a analysis that highlights her printer's lower cost.
Answers: 3
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
Business, 22.06.2019 08:40
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
Answers: 3
Business, 22.06.2019 15:50
Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.
Answers: 1
Riverbed Corporation sells computers under a 2-year warranty contract that requires the corporation...
English, 14.01.2021 18:00
Mathematics, 14.01.2021 18:00
Chemistry, 14.01.2021 18:00
Mathematics, 14.01.2021 18:00
Mathematics, 14.01.2021 18:00
History, 14.01.2021 18:00
Spanish, 14.01.2021 18:00
Mathematics, 14.01.2021 18:00
Mathematics, 14.01.2021 18:00
Health, 14.01.2021 18:00
Mathematics, 14.01.2021 18:00
English, 14.01.2021 18:00