10.Following balances were extracted from the books of Shri S. Pal on 31st March,2019. You are required to prepare a Trial Balance. The amount required to balance should be entered as capital. Particulars Amount Purchases 1,70,000 Provision for doubtful debts 2,380 Stock(1st April 2018) 24,000 Sales 1,05,000 Bad debts Written off 2,450 Sundry Debtors 23,800 Discount Received 3,500 Carriage outwards 700 Cash in Hand 3,500 ( 7x1 -7) Machinery 1,24,500 Provision for depreciation on Machinery 24,200 Drawings 7,700 Return Inwards 3,500 Premises 5,28,000 Sundry Creditors 16,100 Discount Allowed 2,800 Carriage Inwards 1,400 Cash at Bank 17,500 General Expenses 2,100

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?

Effective capacity is the: a. capacity a firm expects to achieve given the current operating constraints. b. minimum usable capacity of a particular facility. c. sum of all the organization's inputs. d. average output that can be achieved under ideal conditions. e. maximum output of a system in a given period.

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone