E13-11 (a) Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties will be $120‚000 for 2 years. Warranty Liability………….$20‚000 Warranty Cash …………………...$20‚000 (Warranty cash incurred) Warranty Expense …............120‚000 Warranty Liability……………….....120‚000 (To accrued estimated warranty cost) (b) Prepare 2014 entries for Crow assuming that the warranties are not an integral part
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Question No. 3 (a) 6 Marks Solution The following financial data apply to the DVD production plant of ABC Company for the month of July: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing costs Budgeted Costs per DVD $ 1.500 $ 0.800 $ 0.700 $ 1.000 $ 4.000 Variable manufacturing overhead varies with respect to units produced. Fixed manufacturing overhead as per above financial date is based on the followings:
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Question 1.1 Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Blacksburg 12‚000/60=200 Problem 1-2 Tried and True’s accountant (from Problem 1-1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Annandale pays the highest average wage at $6.75 an hour. Blacksburg pays $6.50 an hour‚ Charlottesville
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BIOS 255 WEEK 5 Lab 5 - Lymphatic System & Disease Resistance 1. Describe lymphatic system functions. The primary functions of the lymphatic system are to drain and return interstitial fluid to the blood to absorb and return lipids from the digestive system to the blood‚ and to filter fluid of pathogens‚ damaged cells‚ cellular‚ and cancerous cells to help protect against invasion. 2. Locate each of the following lymphatic vessels: right lymphatic duct‚ thoracic (left
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the functions that would help to organize his spreadsheet for his monthly expense reports. I would explain to him that he can add formulas to the spreadsheet that will add up totals for him. He can set it up so it gives him the total expenses by day‚ week‚ and month. He can also set it up so that it calculates the totals spent on just meals‚ hotels‚ and transportation. He can also calculate what was spent on fuel‚ phone‚ entertainment‚ and misc expenses. I would also explain how using filters can help
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larger quantities at a cheaper cost to the consumer. High risks are associated by these modified vaccines causing deadly nerve disease‚ respiratory infections‚ and myalgia just to name a few that are labeled on a GMO vaccine to fight Influenza. 2. What are your personal thoughts on genetic engineering? Do you think genetic engineering provides useful information for the scientific investigation of our natural world or do you think that we should not "mess with Mother Nature"? Explain and support
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C:2‑3 Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? Are any alternative classification(s) available? If so‚ (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so? If Bruce and Bob are the only owners by default they will be billed as if they were a partnership. If they chose to‚ they could be taxed as an S Corp. The choice between the two is based on their expected income
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Compute UPS’s net income for 2004. Revenue $32 billion - Expenses $29 billion = $3 billion 2. Did UPS’s owners’ equity increase or decrease during 2004? UPS owners equity increased. Asset $33 billion – Liabilities $17 billion = $16 billion. By how much? 2004 year end assets was $33 billion minus 2003 year end assets of $30 billion equals an
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Net pay is gross pay minus deductions. Assume that deductions are taken for tax withholding (30 percent of gross pay) and parking ($10 per month). You will need the following variables: Analysis Process: 1. Display a program title. 2. Prompt for the Employee ID 3. Prompt for the Hourly rate. 4. Prompt for Regular hours. 5. Prompt Overtime hours. 6. Add net and subtract tax’s equal gross. 7. Divide tax to gross. 8. Display the net. Input: Item Employee
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add in profit. 4-1. Solution: Philip Morris Beginning cash $100‚000 – Asset buildup (250‚000) (1/2 × $500‚000) Profit 90‚000 (9% × $1‚000‚000) Ending cash ($60‚000) Deficit 2. Growth and financing (LO4) In Problem 1 if there had been no increase in sales and all other facts were the same‚ what would Philip’s ending cash balance be? What lesson do the examples in Problems 1 and 2 illustrate? 4-2. Solution: Philip Morris (continued) Beginning cash $100‚000 No asset buildup ----- Profit 45‚000
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