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1 year ago

How much total estimated warranty expense does arctica report for the current year?

2 answers:

5 0

The percentage of estimated warranty expense is 4% of Lynx, 7% of Puma, and Jag estimated warranty expense percentage is 6%.

A company must record estimated warranty expense in the period of the sale. Thus, that expected cost is recorded as a liability on its balance sheet and as an expense on its income statement.

The warranty expense is an expense related to the repair, replacement, or compensation to a user if any product turns out to be a defective piece.

Hence, a vendor or manufacturer is committed to repair or replace a sold product during a certain time period if it breaks or does not function properly accordingly to the terms of the warranty.

To learn more about estimated warranty expense here:

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Sedaia [141]1 year ago

4 0

Answer:

its 13700.

I believe your supposed to multiply the sales by the percentage to get the answer

Explanation:

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ackson Inc. listed the following data for 2019: Budgeted factory overhead $1,530,000 Budgeted direct labor hours 90,000 Budgeted

Anastaziya [24]

Answer: $36 per machine hour

Explanation:

Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 would be calculated by dividing the budgeted factory overhead by the budgeted machine hours. This will be:

= $1,530,000 / 42,500

= $36 per machine hour

5 0

3 years ago

just paid its annual dividend of $1.15 per share. The required return is 12.3 percent and the dividend growth rate is 0.75 perce

IceJOKER [234]

Answer:

P5 = 10.41

Explanation:

To calculate the stock value with dividends for the fifth year the following formula would be used:

$P5 = \frac{Div_{0} * (1 + g)^{6} }{(r-g)}$

Where:

$Div_{0} =$ The first Dividend Paid.
G = Growth Rate.
R = Required Return.

Given Data:

$Div_{0} =$ $1.15

Growth Rate = 12.3%

R = 0.75%

P5 = ?

Substituting the values in the formula

$P5 = \frac{1.15 * (1 + .0075)^{6} }{(12.3-.0075)} = 10.41$

7 0

3 years ago

Don kosec, vp of business services for time warner cable in northeast ohio says that their goal is to increase their sales in th

Alex

e. of course it is a good goal; it meets all of the criteria discussed

This goal meets all the criteria for a SMART goal.

5 0

3 years ago

You invest $180 in a mutual fund today that pays 6.80 percent interest annually. How long will it take to double your money? (If

madreJ [45]

Answer:

It will take 10 years and 197 days.

Explanation:

Giving the following information:

You invest $180 in a mutual fund today that pays 6.80 percent interest annually.

To calculate the time required to double the money, we need to use the following formula:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(360/180)] / ln(1.068)

n= 10.54

To be more accurate:

0.54*365= 197

It will take 10 years and 197 days.

3 0

3 years ago

A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of

SVEN [57.7K]

Answer:

$5.4 and $5.4

Explanation:

The formula and the computation is shown below:

= Total setup cost ÷ total direct labor hours

= $91,800 ÷ 102,000 hours

= $0.9

For plus:

Setup cost is

= $0.9 × 6

= $5.4

And,

For Max:

= $0.9 × 6

= $5.4

We simply multiplied the per unit with the direct labor per unit so that the allocation to each unit could come

8 0

3 years ago