Therefore‚ this one should be left up to management’s decision and a disclosure note should accompany the financial statements indicating that possible range of warranty expenses‚ etc. Warranty Expense $2‚000‚000 Warranty Liability $2‚000‚000 To record the estimated warranty liability. To mark down the loss on the inventory that is now obsolete‚ one first has to figure out the Net Realizable Value‚ which is the lower of cost of market. Since they can sell the products for $8 million minus the selling
Premium Revenue Income statement Generally Accepted Accounting Principles
to keep up with the demands of the modern world. One such way‚ is the availability to access money from automated tellers and point of sale terminals. “Congress implemented the Electronic Funds Transfer Act in 1978 to establish the basic rights‚ liabilities and responsibilities of consumers who use electronic funds services and financial institutions who offer those services.” (FDIC‚ 2006). This law protects an individual consumer’s privacy by ensuring the financial institution protects the digital
Premium Ethics Morality
undertakes to advise he must exercise reasonable care and skill in giving the advice. He is under no obligation to advise‚ but if he takes upon himself to do so‚ he will incur liability if he does so negligently.” ’ House of Lords in Banbury v. Bank of Montreal[1] I. Introduction The issue of legal liability of banks in the provision of negligent advice is one doctrine of law that has evolved through the years. In light of current controversies hounding the UK banking sector‚ it
Premium Contract Tort Fiduciary
NEW DELHI: For long Indian population was considered a curse to the nation. But no longer. Experts say that the Indian population which is supposed to overtake China very soon‚ is asset rather than a liability. Government is stepping towards thinking India’s population to be used to illustrate the country’s huge potential‚ both economic and political‚ experts say. With just 2.4 percent of the global landmass housing 16 percent of the global population‚ successive Indian governments have been
Free Demography Population N. R. Narayana Murthy
| AOF & MKT Western High School | |Memo To: Mr. Faulstich From: Tia Coley Date: 5/6/13 Subject: “Prom marketers use social media to push deals” A) I selected this news worthy article because prom is coming up with this weekend. Also‚ marketing is used to promote prom‚ and is explained in this article. Other marketing strategies are being used to lure people in the ‘prom world’. B) The main idea of the article I chose is how prom marketers are using
Premium Marketing Sociology Social media
MemorandumTo:Christopher ThackerFrom:Jane DoeDate:10/10/13Re:Sony Corporation Financial AnalysisProspect: Sony Entertainment Division SeparationThis communication will address the interests of our client‚ Sony Corporation. The company is interested in separating its entertainment division into its own publicly traded company. Herein‚ the findings of the financial analysis that was completed to determine the fitness of this undertaking will be discussed. Competition Narrowed to One CompanySony Corporation
Premium Income statement Sony Philips
Shambhavi Ray Crisis Memo‚ September 7‚ 2014 MEMORANDUM To: Mr. Greg Creed‚ CEO of Taco Bell From: Shambhavi Ray‚ Carey Consulting Date: September 15‚ 2000 Subject: News Release by Friends of the Earth Statement of Purpose To minimize brand damage due to the Friends of the Earth news release‚ our team believes that the recommendations listed in the following memorandum must be followed at the earliest. Background A special interest group called Friends of the Earth will be initiating
Premium Public relations Revenue Fast food
POTUS Policy Memo Project Fall 2013 Word Count: 649 Title: The US Government violating the US Material Support Statute. MEMORANDUM To: Barack Obama‚ President of the United States From: Student Date: November 12‚ 2013 Subject: The US Government violating the US Material Support Statute. Since‚ September 1‚ 2011‚ the United States has gone to extreme measures to not only fight terrorism but prevent it too. Under federal law‚ there are now criminal
Premium United States Federal Bureau of Investigation Terrorism
employees – Fund overheads and other fixed costs – Pay tax due to the Government Managing working capital effectively is‚ therefore‚ a vital part of making sure the business has enough cash to continue INTRODUCTION Managing Current Assets and Liabilities is nothing new to us. We practice it everyday without us notice it. Let us assume you want to reward your self by buying a new car. What are the things you consider? Shall I buy it paying by cash or installment basis? If I pay it by cash‚ a
Premium Corporate finance Working capital Finance
English 273.091 MEMORANDUM Date: 03/05/17 To: Mr. Jack Timberlake From: Madison Compass Subject: Annotated Bibliography The purpose of this memo is to explain the causes of extinction within the Red wolf population and the Black bear population. The topics chosen explain how this issue came about‚ what factors created‚ and provided some solutions on how to prevent it and keep these endangered species’ population thriving. There were several ways the black bear and red
Premium American Black Bear Endangered species Gray Wolf