ACC 302 Module 1 Assignment

ACC 302 Module 1 Assignment - ZhunQuadreat Hill Module 1...

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ZhunQuadreat Hill October 27, 2011 Module 1 Assignment (1) Sales of musical instruments and sound equipment. ....... $5,700,000 Estimated warranty cost . .................................................... X .02 Warranty expense for 2010 . ....................................... $ 114,000 (2) Estimated liability for warranties—1/1/10 . ......................... $ 136,000 2010 warranty expense (Requirement 1). ........................... 114,000 Subtotal. ...................................................................... 250,000 Actual warranty costs during 2010. .................................... (164,000) Estimated liability from warranties—12/31/10 . .................. $ 86,000 (3) Coupons issued (1 coupon/$1 sale). .................................. 1,500,000 Estimated redemption rate. ................................................. .60 Estimated number of coupons to be redeemed . ............... 900,000 Exchange rate (200 coupons for a CD player) . .................. ÷ 200 Estimated number of premium CD players
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This note was uploaded on 11/08/2011 for the course ACC ACC 331 taught by Professor Kenny during the Spring '11 term at St. Leo.

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ACC 302 Module 1 Assignment - ZhunQuadreat Hill Module 1...

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