There are two means for achieving financial goals-you elther need to increase your savings or reduce your spending.

A company has a selling price of $2,000 each for its printers. Each printer has a 2 year warranty that covers replacement of def

pychu [463]

Answer:The company's warranty expense for the month of November is $157,080. 

Explanation:

When the estimated amount is recognized-

Warranties expense A/c (Dr.) = $157,080

Estimated Warranty Liability (Cr.) = $157,080

When the repairs are actually paid, Estimated Warranty Liability will be Debited and Cash will be credited.so, The company's warranty expense for the month of November is $157,080.

i.e. (34,000 × 3% × $154 = $157,080)

6 0

3 years ago

How much will I need to save per month to have $600 by the end of one year?

Georgia [21]

I think the answer is $50 :)

4 0

2 years ago

Read 2 more answers

Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its maturity date of December 16,

Sonbull [250]

Answer:

Dr. Cash for 1,100

Cr. Notes receivable for 1,000

Cr. interest revenue for 100

6 0

3 years ago

Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentslong dash

Kamila [148]

Answer:

Equivalent unit for conversion cost= 31,280 units

Explanation:

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work

Equivalent unit = Degree of completion × number of units

Equivalent unit for conversion cost

Item units Equivalent unit

transferred 29,000 100%× 29,000 = 29,000

Closing inventory 3,000 76%× 3,000 = 2280

Total equivalent unit 31,280

Equivalent unit for conversion cost= 31,280 units

3 0

4 years ago

An accountant’s standard report on a compilation should state that the accountant

drek231 [11]

Answer:

A, Has not audited or reviewed the accompanying financial statements.

Explanation:

It is important that an accountant states that the financial statements of a compilation hasn't been reviewed so as to avoid a situation wherein the financial statement is not in accordance with accounting principles of the country, e.g United states.

An accountant is meant to just prepare financial statements for an organization without going against the accounting principles while management is responsible for presentaion of the financial statements.

Cheers. i hope this helps

6 0

4 years ago