to include an original receipt as proof of your purchase. For items returned within the return period, LBT will refund the purchase price less one month of service, if activated, and LBT will refund any prepaid charges for services. For complete warranty and
Words: 348 - Pages: 2
market. Life time warranty upon request. 4499 | Engine – 250cc 4 stroke horizontal engineTransmission – 6 speedFinal drive – chain Wheels – 17 ‘’ cast MAGOverall length – 2030x720x1120 MMDry weight – 145kgFuel capacity - 16 L | | | 2 | The braaap Urban is an exciting addition to Australia’s braaap motorcycles range of motorcycles. The Urban represents everything a niche manufacture like braaap strives for, it’s unique, it turns heads. Backed by the braaap lifetime warranty system, the braaap
Words: 776 - Pages: 4
Dominique Cosby Planet Money Episode 435: Why Buying A Car Is So Awful This episode discusses why people think it is so awfully annoying to purchase a car. People, including myself, feel like they are getting screwed when purchasing a car. The older lady they speak to in the interview says that she thought the dealer and she have come up with deal, but then the dealer says he has to speak to his manager. When the dealer goes to speak to said manager they supposedly “argue” and shows that the
Words: 287 - Pages: 2
Georgina Martin MAN 240 October 23, 2014 Dr. Richard Maybury Case Study: CarMax The Used Car Superstore: Smooth Ride or a Rocky Road? Case Study CarMax CarMax is one of the largest used car dealers in the United States of America formed by Circuit City during the 1990’s. Its intended goal was to create growth of the organization in a different market. The company survived the day in 2002 when t gained its independence but as for Circuit City they reached economic failure and discharged
Words: 1096 - Pages: 5
Exposure Draft: Revenue Recognition (Topic 605): Revenue from Contracts with Customers The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have publishing this exposure draft as revenue is a vital number that financial statement users use to value a company’s performance. Both Boards require improvements in their revenue recognition requirements, therefore joined forces to refine the principles for revenue recognition. The goal of the FASB
Words: 3880 - Pages: 16
Case Sample 1 1) Which of the three approaches to accounting for extended warranty and service contracts is most consistent with the actual substance of a sales transaction involving equipment and an extended warranty contract? Explain your selection and your reasoning fully. In our opinion, Partial Revenue Recognition approach is most consistent with the actual substance of a sales transaction involving an extended warranty contract. Using partial revenue recognition, the company can recognize partial
Words: 2276 - Pages: 10
comes to fairness, John also acts ethically. For example, John wants to report a fair number up front based on prior year outcomes. As for objectivity, John continually wants to use truthful numbers when reporting bad debt, product returns, and warranty liability. The last principle John must consider is responsibility. Again, John understands that he is responsible for the numbers being reported on the financials and that may be why he is so uneasy about reporting numbers he believes are inaccurate
Words: 540 - Pages: 3
General Tenders Conditions Index 1.0 General Requirements. 2.0 Scope Of Work. 3.0 Terms and Conditions. 4.0 References. 5.0 Bidding Conditions. 1.0 General Requirements 1.1 Intent: 1.1.1 Design and accept responsibility for proper performance of the new installation in accordance with relevant standards and codes and scope of work listed hereinafter. Provide all items, articles, materials, operations, sundries, labor, supervision, guarantees, allowances for
Words: 2439 - Pages: 10
Circuit City (Extended Warranty) Case I feel of the three approaches to accounting for the extended warranty, approach Deferral of Revenue is best. My reasoning for this is because it allows you to view and potentially process the total transaction into two separate transactions making it easier to track and account for. This approach also gives you the potential to resell the warranty contracts to a third party provider if you find that the program is not profitable or does not conform to the
Words: 347 - Pages: 2
sales transactions involving equipment and an extended warranty contract. Revenue from warranty has to be recognized when a period of a warranty is fulfilled. It would be wrong to consider revenue from the sale of an extended warranty or product maintenance contract at the time of sale since the company is still liable or obliged to the customers with the warranty. All are major elements of Partial Revenue Recognition on the sale of extended warranty and product maintenance contracts were applied in the
Words: 369 - Pages: 2
