Business, 26.11.2019 05:31 mooncake9090

On october 29, lobo co. began operations by purchasing razors for resale. the razors have a 90-day warranty. when a razor is returned, the company discards it and mails a new one from merchandise inventory to the customer. the company’s cost per new razor is $20 and its retail selling price is $75. the company expects warranty costs to equal 8% of dollar sales. the following transactions occurred. nov. 11 sold 105 razors for $7,875 cash. 30 recognized warranty expense related to november sales with an adjusting entry. dec. 9 replaced 15 razors that were returned under the warranty. 16 sold 220 razors for $16,500 cash. 29 replaced 30 razors that were returned under the warranty. 31 recognized warranty expense related to december sales with an adjusting entry. jan. 5 sold 150 razors for $11,250 cash. 17 replaced 50 razors that were returned under the warranty. 31 recognized warranty expense related to january sales with an adjusting entry. 2. how much warranty expense is reported for november and december?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 19:40

the question using the following data, which show all available techniques for producing 20 units of a particular commodityresource resource prices possible production techniques#1 #2 #3 #4 #5land $4 2 4 2 4 4labor 3 1 2 4 1 3capital 3 5 2 3 1 2entrepreneurial ability 2 3 1 1 4 1assuming that the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit, the firm will

Answers: 1

Answer

Business, 22.06.2019 03:00

Working with a word processor requires more than just a knowledge of typing. a good word processor includes a number of tools designed to aid in formatting documents to meet the needs of the reader. in this project you will use your word-processing skills and a basic knowledge of apa style to format a research paper. the skills you will need for this project include the following: adjusting line spacing (double-spacing) breaking text into pages (page break) centering text changing the font, style, and size of the text editing text inserting page numbers inserting a table using spell check

Answers: 1

Answer

Business, 22.06.2019 10:30

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Answers: 2

Answer

Business, 22.06.2019 18:50

)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs

Answers: 1

Answer

You know the right answer?

On october 29, lobo co. began operations by purchasing razors for resale. the razors have a 90-day w...

Questions