Not all warranties are built into a sales transaction. Many retailers also provide extended product warranties but for an additional fee. For example, assume a business sells a high-definition television with an automatic one-year warranty. The buyer receives this warranty as part of the purchase price. The accounting for that first year is the same as just demonstrated; an estimated expense and liability are recognized at the time of sale. However, an additional warranty for three more years is also offered at a price of $50. If on January 1, Year One, a customer chooses to acquire this three-year coverage, what recording is made by the seller? Is an extended warranty purchased by a customer reported in the same manner as an automatic warranty embedded within a sales contract?
quick loans
cash alaska loans
payday loan consolidation california
payday loan wisconsin rapids wi
direct cash loan lenders
legal payday loan companies in new jersey
best personal loans rates
loan with bad credit
payday loan lenders
payday loans perrysburg ohio
best online lenders
payday loans canby oregon
cash loan Omaha
payday loan ohio
quick cash 63074
payday loans las vegas open sundays
payday loans missouri city tx
quick loan for bad credit
getting a loan with bad credit
payday loan henderson ky
cash loan places in san antonio
same day loans no brokers
online loans alberta
cash loans chicago illinois
installment loans san antonio
fast cash loans co za
Extended warranties, which are quite popular in some industries, are simply insurance policies. If the customer buys the coverage, the product is insured against breakage or other harm for the specified period of time. In most cases, the company is making the offer in an attempt to earn extra profit. The seller hopes that the amount received for the extended warranty will outweigh the eventual repair costs. Therefore, the accounting differs here from that demonstrated for an embedded warranty that was provided to encourage the sale of the product. Because of the matching principle, the anticipated expense was recognized in the same period as the revenue generated by the sale of the product.
cash loans clarksville indiana
100 day loan
personal loan centers in los angeles
payday advance loans online
which loan
payday loan vancouver
banks with personal loans
fast and easy payday loans
private money lending
payday loans colorado springs palmer park
cash loan wooster ohio
payday loans centerville utah
1500 loan no credit check
installment loans in ohio for bad credit
check loan
money lenders for bad credit
credit loan
payday loans with monthly payments
fast cash today 7
quick loans for bad credit
quick online cash advance net
payday loans in houston without checking account
immediate cash advance
quick cash bad credit

 

Contact

Payday Loans

© 2015 All rights reserved.

Make a website for freeWebnode