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Kitty [74]
3 years ago
5

On January 2, 2020, Pearl Company sells production equipment to Fargo Inc. for $52,000. Pearl includes a 2-year assurance warran

ty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2020. During 2020, Pearl incurs costs related to warranties of $940. At December 31, 2020, Pearl estimates that $660 of warranty costs will be incurred in the second year of the warranty.a. Prepare the journal entry to record this transaction on January 2, 2020, and on December 31, 2020 (assuming financial statements are prepared on December 31, 2020).b. Repeat the requirements for (a), assuming that in addition to the assurance warranty, Grando sold an extended warranty (service-type warranty) for an additional 2 years (2019–2020) for $800.
Business
1 answer:
Sphinxa [80]3 years ago
5 0

Answer: so when you think about it just know you can do it

Explanation:

12345678910

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A brief overview of your company's strengths, weaknesses, opportunities, and threats is called a
Leni [432]

A brief overview of your company's strengths, weaknesses, opportunities, and threats is called a SWOT analysis.

What is meant by SWOT analysis?

A framework known as a SWOT analysis is used to identify and evaluate an organization's strengths, weaknesses, opportunities, and threats. The acronym SWOT is composed of these words. SWOT analysis's main objective is to raise awareness of the elements that influence business decisions and the formulation of business strategies.

How important is SWOT analysis in strategic planning?

A SWOT analysis will put you in a position to take advantage of possibilities and develop winning plans. Understanding your internal environment clearly and realistically will help you find strategies to improve client satisfaction, accomplish your goals, and reinforce vulnerable areas that affect your performance.

Learn more about SWOT analysis: brainly.com/question/19626045

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3 0
1 year ago
Ballard Company uses the perpetual inventory system. The company purchased $10,000 of merchandise from Andes Company under the t
Sunny_sXe [5.5K]

Answer: $8750

Explanation:

The amount of gross margin that resulted from these business events will be calculated as:

Purchase = $10000

Less: Purchase discount = $10000 × 2% = $200

Add: Freight paid = $450

Total purchase = $10250

Gross margin = Sales - Total Purchases

= $19000 - $10250

= $8750

7 0
3 years ago
Novak Enterprises reported cost of goods sold for 2020 of $1,338,800 and retained earnings of $5,268,500 at December 31, 2020. N
aalyn [17]

Answer:

$1,258,950 and $5,233,670

Explanation:

The computation is shown below:

For cost of goods sold

= Cost of goods sold - beginning inventory overstated + ending inventory overstated

= $1,338,800 - $114,680 + $34,830

= $1,258,950

Since the ending inventory contains the lesser amount so it would be added and the beginning inventory contains larger amount so it would be deducted

For retained earning

= Retained earning - ending inventory

= $5,268,500 - $34,830

= $5,233,670

3 0
3 years ago
Concerning auto insurance, what is meant by “full coverage”?
kotykmax [81]

Answer:

it means that it covers every so lets say you get in a car wreck it will fix all of the damage

Explanation:

6 0
3 years ago
Frederick herzberg believed the best way to motivate employees with through his model of , which expands job content to create m
gayaneshka [121]
The answer is:   "job enrichment" .
_____________________________________________
<span>       "Frederick Herzberg believed the best way to motivate employees with through his model of <u>  job enrichment  </u><u /> , which expands job content to create more opportunities for job satisfaction." 
_____________________________________________</span>
3 0
3 years ago
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