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please complete both problems
Brief Exercise 6-8 (Static) Performance obligations; warranties (LO6-5) Vroom Vacuums sells the Tornado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. The extended warranty sells for the same amount regardless of whether it is purchased at the same time as the Tornado or at some other time. How many...
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el U11 Surved Help Save & Exit Submit Check my work Exercise 2-14 The food services division at Cedar River Amusement Park is studying the amount families who visit the amusement park spend per day on food and beverages. A random sample of 40 families who visited the park yesterday revealed they spent the following amounts: 4 53 56 63 71 36 62 26 62 50 65 61 52 a. Organize the data into a frequency distribution, using seven classes...
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Vroom Vacuums sells the Tornado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. Customers pay 20% less for the extended warranty if they buy it at the same time they buy a Tornado. How many performance obligations exist in the implied contract for the purchase of a vacuum cleaner? Number of performance obligations...
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Vroom Vacuums sells the Tomado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance Customers pay 20% less for the extended warranty if they buy it at the same time they buy a Tornado. How many performance obligations exist in the implied contract for the purchase of a vacuum cleaner? Number of performance obligations...
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Homework 11-06 0 Help Save & Exit Submit Check my work Madrid Company plans to issue 12% bonds with a par value of $4,700,000. The company sells $4,230,000 of the bonds at par on January 1. The remaining $470.000 sells at par on July 1. The bonds pay interest semiannually on June 30 and December 31 points 1. Record the entry for the first interest payment on June 30. 2. Record the entry for the July 1 cash sale of...
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mapter 02 Pre-Built Problems * Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 Beg. Bal. Raw Materials Inventory 15,600 27,500 21,900 Beg. Bal. (6) Work in Process Inventory 6.600 19,710 51,700 11.800 23,600 End. Bal 21,200 End Bal 10.010 Cost of Goods Sold Finished Goods Inventory 22,000 Beg. Bal. Beg Bal End. Bal. 22.000...
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be Maps News Translate M Gmail apter 06 Pre-Built Problems Saved Help Save & Exit Submit Check my work Northwood Company manufactures basketballs. The company has a ball that sells for $31. At present, the ball is manufactured in a small plant celles leavily or direct labor workers. Thus, variable expenses are high, totaling $21.00 per ball, of which 68% is direct labor cost Last year, the company sold 30,000 of these balls, with the following results: kipped $ eBook...
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Chapter 06 0 Saved Help Save & Exit Submit Check my work 10 Curtiss Construction Company, Inc., entered into a fixed-price contract with Axelrod Associates on July 1, 2021, to construct a four-story office building. At that time, Curtiss estimated that it would take between two and three years to complete the project. The total contract price for construction of the building is $4,720,000. The building was completed on December 31, 2023. Estimated percentage of completion, accumulated contract costs incurred,...
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Chapter 10 Exercise A Help Save & Exit Submit Check my work Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $1,700,000 par value, mature in four years, and pay 9% interest semiannually on June 30 and December 31 0.71 points 1. Record the entry for the issuance of bonds for cash on January 1 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for...
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Ch 10: Homework Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Enviro Company issues 10.50%, 10-year bonds with a par value of $300,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.50%, which implies a selling price of 124.625. The straight-line method is used to allocate interest expense....
please complete both problems
Brief Exercise 6-8 (Static) Performance obligations; warranties (LO6-5) Vroom Vacuums sells the Tornado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. The extended warranty sells for the same amount regardless of whether it is purchased at the same time as the Tornado or at some other time. How many...
el U11 Surved Help Save & Exit Submit Check my work Exercise 2-14 The food services division at Cedar River Amusement Park is studying the amount families who visit the amusement park spend per day on food and beverages. A random sample of 40 families who visited the park yesterday revealed they spent the following amounts: 4 53 56 63 71 36 62 26 62 50 65 61 52 a. Organize the data into a frequency distribution, using seven classes...
Vroom Vacuums sells the Tornado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. Customers pay 20% less for the extended warranty if they buy it at the same time they buy a Tornado. How many performance obligations exist in the implied contract for the purchase of a vacuum cleaner? Number of performance obligations...
Vroom Vacuums sells the Tomado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance Customers pay 20% less for the extended warranty if they buy it at the same time they buy a Tornado. How many performance obligations exist in the implied contract for the purchase of a vacuum cleaner? Number of performance obligations...
Homework 11-06 0 Help Save & Exit Submit Check my work Madrid Company plans to issue 12% bonds with a par value of $4,700,000. The company sells $4,230,000 of the bonds at par on January 1. The remaining $470.000 sells at par on July 1. The bonds pay interest semiannually on June 30 and December 31 points 1. Record the entry for the first interest payment on June 30. 2. Record the entry for the July 1 cash sale of...
mapter 02 Pre-Built Problems * Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 Beg. Bal. Raw Materials Inventory 15,600 27,500 21,900 Beg. Bal. (6) Work in Process Inventory 6.600 19,710 51,700 11.800 23,600 End. Bal 21,200 End Bal 10.010 Cost of Goods Sold Finished Goods Inventory 22,000 Beg. Bal. Beg Bal End. Bal. 22.000...
be Maps News Translate M Gmail apter 06 Pre-Built Problems Saved Help Save & Exit Submit Check my work Northwood Company manufactures basketballs. The company has a ball that sells for $31. At present, the ball is manufactured in a small plant celles leavily or direct labor workers. Thus, variable expenses are high, totaling $21.00 per ball, of which 68% is direct labor cost Last year, the company sold 30,000 of these balls, with the following results: kipped $ eBook...
Chapter 06 0 Saved Help Save & Exit Submit Check my work 10 Curtiss Construction Company, Inc., entered into a fixed-price contract with Axelrod Associates on July 1, 2021, to construct a four-story office building. At that time, Curtiss estimated that it would take between two and three years to complete the project. The total contract price for construction of the building is $4,720,000. The building was completed on December 31, 2023. Estimated percentage of completion, accumulated contract costs incurred,...
Chapter 10 Exercise A Help Save & Exit Submit Check my work Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $1,700,000 par value, mature in four years, and pay 9% interest semiannually on June 30 and December 31 0.71 points 1. Record the entry for the issuance of bonds for cash on January 1 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for...
Ch 10: Homework Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Enviro Company issues 10.50%, 10-year bonds with a par value of $300,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.50%, which implies a selling price of 124.625. The straight-line method is used to allocate interest expense....