Smith Electronics is a retail consumer electronics company that also sells extended contracts for many of the products that it carries.

A.J. Smith Electronics is a retail consumer electronics company that also sells extended contracts for many of the products that it carries. The extended warranty provides coverage for the years beyond expiration of the manufacturer’s warranty. In 2009, A.J. Smith sold extended warranties amounting to $1,700,000. The warranty coverage for all of these begins in 2010 and runs through 2012. The total expected cost of providing warranty services on these contracts is $500,000.a. How should A.J. Smith recognize revenue on the extended warranty contracts?b. Estimate the revenue, expense, and gross profit reported from these contracts in the year that the revenue is recognized.c. In 2010, as a special promotion, A.J. Smith sold a digital camera (retail price $300), the photograph printer (retail price $125), and an extended warranty contract for each price $75) as a package for a special price of $399. The extended warranty covers the years from 2011 through 2013. The company sold 200 of these camera-printer packages. Calculate the revenue that A.I. Smith should recognize in each year from 2010 through 2013.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more