All categories

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:

brainly.com/question/14179463

#SPJ4

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:

You might be interested in

Cute Camel Woodcraft Company is considering a one-year project that requires an initial investment of $500,000; however, in rais

vfiekz [6]

Answer:

The correct answer is "32.076%".

Explanation:

Given:

Initial investment,

= $500,000

Cash inflows,

= $500,000

The floatation cost will be:

= $500,000\times 6 \ percent$

= $30,000$ ($)

The total cost will be:

= $Initial \ investment+Floatation \ cost$

= $500000+30000$

= $530000$

hence,

The rate of return will be:

= $\frac{Inflows}{Cost} -1$

= $\frac{700000}{530000} -1$

= $\frac{700000-530000}{530000}$

= $0.32076$

= $32.076$ (%)

8 0

2 years ago

AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu

AleksandrR [38]

Answer:

4,700 shares

Explanation:

The computation of the number of shares of common stock outstanding at the end of the period is shown below

= Beginning shares + issued shares - repurchase shares + reissue shares

= 2,000 shares + 3,000 shares - 500 shares + 200 shares

= 4,700 shares

We applied the above equation to find out the number of shares outstanding at the end of the year

6 0

3 years ago

The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafoo

Anton [14]

Answer:

The most correct answer is D

6 0

3 years ago

Read 2 more answers

Which of the following types of organization development interventions involves attracting good people, setting goals, and appra

4vir4ik [10]

Answer:

A. human resources management intervention

Explanation:

Human resources interventions are oriented in the way of managing people in the more effective an efficient way. The typical responsibilities of human resources are of handling recruiting, hiring, performance, compensation, benefits, and career development.

4 0

3 years ago

Read 2 more answers

Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to

Brilliant_brown [7]

Answer:

A. 100,000 equivalent units

Explanation:

Calculation for what the Total equivalent units for Material P under the weighted-average method are calculated to

First step is to calculate the Unit transferred out

Unit transferred out = 28,000+72,000-16,000

Unit transferred out =84,000

Now let calculate the Total equivalent units for Material P

Total Equivalent unit of material P = 84,000+16,000

Total Equivalent unit of material P = 100,000

Therefore the Total equivalent units for Material P under the weighted-average method are calculated to 100,000 equivalent units

7 0

2 years ago