Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 May 2018 My Price 6.00

Compact Electronics

Record contingencies (LO8–5)

 

P8–7B Compact Electronics is a leading manufacturer of digital camera equipment. Assume the following transactions occur during the year ended December 31, 2018.

 

Required:

 

Record any amounts as a result of each of these contingencies.

 

1. Accounts receivable were $29 million (all credit) at the end of 2018. Although no specific customer

 

accounts have been shown to be uncollectible, the company estimates that 3% of accounts receivable

 

will eventually prove uncollectible.

 

2. Compact Electronics is the plaintiff in a $5 million lawsuit filed against a supplier. The suit is in final

 

appeal, and attorneys advise it is virtually certain that Compact Electronics will win and be awarded

 

$3.5 million.

 

3. In November 2018, Compact Electronics became aware of a design flaw in one of its digital camera

 

models. A product recall appears probable and would likely cost the company $600,000.

 

4. Compact Electronics is the defendant in a patent infringement lawsuit brought by a competitor. It

 

appears reasonably likely Compact Electronics will lose the case, and potential losses are estimated to

be in the range of $2.5 to $3.5 million

Answers

Maurice Tutor
(5)
Status NEW Posted 04 May 2018 07:05 PM My Price 6.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)