subject
Business, 23.12.2019 23:31 Shubbs

Merritt equipment company sells computers for $1,360 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. during 2017, the company sold 860 computers on credit. based on past experience, the company has estimated the per unit 2-year warranty costs as $40 for parts and $60 for labor. (assume sales all occur at december 31, 2017.)in 2018, merritt incurred actual warranty costs relative to 2017 computer sales of $10,000 for parts and $15,000 for labor. under the expense warranty approach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018. (credit account titles are automatically indented when the amount is entered. do not indent manually.)

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:30
Beta coefficients and the capital asset pricing model personal finance problem katherine wilson is wondering how much risk she must undertake to generate an acceptable return on her porfolio. the risk-free return currently is 4%. the return on the overall stock market is 14%. use the capm to calculate how high the beta coefficient of katherine's portfolio would have to be to achieve a portfolio return of 16%.
Answers: 2
question
Business, 22.06.2019 02:00
Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?
Answers: 2
question
Business, 22.06.2019 05:50
Match the steps for conducting an informational interview with the tasks in each step.
Answers: 1
question
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
You know the right answer?
Merritt equipment company sells computers for $1,360 each and also gives each customer a 2-year warr...
Questions
Questions on the website: 13722367