Answer:
Warranty liability $2,128
Explanation:
680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability
6 phones were repaired during the year x $76 = $456
remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128
total outstanding warranty liability = $2,128
Since phone warranties last less than a year, the full amount should be recorded under current liabilities.
That is true, if you raise the rate then the present value falls.Of course, the present value will fall assuming the existence of positive cash flows. This annuity present value is divided into four pieces which are: the present value (PV), the periodic cash flow (C), the discount rate (r), and the number of payments, or the life of the annuity, (T).
Management seeks to achieve personal departmental objectives that may work to the detriment of the entire company goal conflict is the presence of two or more.
Branch personnel manner employees of the branch of herbal sources. pattern branch personnel means employees both hired by way of the department, or engaged through the branch on a sub-contract foundation, or retailers of the branch engaged in the activity. pattern .
Personal management or self-control competencies involve your ability to govern your emotions, mind, and moves. With this skill, you can set unbiased desires, and take action to realize them. ultimately, non-public management capabilities assist direct your career trajectory.
The employee's branch is worried about recruitment, discharge and switch, and many others., of labor. On engaging a brand new worker, the personnel workplace will make out a worker's 'file Card'. This card will show complete personal detail of the employee, details of preceding employment, salary price payable
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Answer: The adjusting entry would be: Debit Bad debt expense $24,380; Credit Allowance for doubtful accounts $24,380.
Explanation: Since aging of the accounts receivable shows that 7% approximately of the outstanding receivable of $374,000 will be uncollectible. It then means $26,180 (7%*$374,000) will be uncollectible. Meanwhile, Tanning Company already has a credit balance of $1,800 in the allowance for doubtful accounts, therefore, an adjustment of $24,380 ($$2,180 - $1,800) has to be made.
