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kupik [55]
2 years ago
15

Barnes Corporation introduces a new e-book reader that carries a two-year warranty against manufacturer's defects. Based on indu

stry experience with similar product introductions, warranty costs are expected to be approximately 10 percent of sales. By the end of the first year of selling the product, total sales are $5 million, and actual warranty expenditures are $100,000. What amount should Barnes report as a liability at the end of the year?
Business
1 answer:
lubasha [3.4K]2 years ago
6 0

Based on the total sales and the actual warranty liability, the amount that Barnes should report as a liability is $400,000.

<h3>How much should Barnes report?</h3>

This can be found as:

= (Total sales x Warranty cost percentage) - Actual warranty expenditures

Solving gives:

= (5,000,000 x 10%) - 100,000

= 500,000 - 100,000

= $400,000

Find out more on warranty expenses at brainly.com/question/14070965.

#SPJ12

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7 0
3 years ago
What are the 4 steps to branding? How could we relate this to the scientific method?
Crank

Answer:

•Define how you want to be perceived

•Organize your business based on this promise

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( I don't know what is the answer on your second question, sorry! :< )

6 0
4 years ago
"You are in the middle of a discussion with an institutional client over the phone, where you recommend that the client buy 100,
docker41 [41]

Answer:

The colleague has committed a violation because your customer's order could move the price of ABC stock

Explanation:

Front running is also called tailgating. It is a prohibited practice where a trader enters into a position security based on non-public information about a large trade that will influence the price of the security.

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In this scenario your neighbour heard you telling your client to but 100,000 share of ABC. Because the transaction will influence the market he also tells his client to buy 10,000.

This is tailgating and it is a violation.

3 0
4 years ago
Which statement would not be a way for the government to reduce the national debt?
Anastasy [175]

Answer:

Increasing government spending in the form of infrastructure and  welfare

Explanation:

In order to reduce the national debt, the government need to take a conscious measure to use the government budget as little as possible.

Investment in infrastructures (such as military bases,. building new roads or parks) and government programs (such as expensive healthcare or government funded jobs) tend to take a large amount from the government budget. This will most likely resulted in the increase of national debt.

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Answer:

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interest charged = (19% / 365) x 30 x $190 = $2.97

3 0
3 years ago
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