On December 1, 2017, Shamrock, Inc. assigns $2,520,000 of its accounts receivable to Waterway Bank as collateral for a $1,512,000 note. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 4%. Prepare the December 1 journal entries for both Shamrock and Waterway.

In order to minimize project risk which step comes after the step of identifying risks

The new york stock exchange is an example of what type of stock market?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?