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Firdavs [7]
3 years ago
12

Boyd's Bicycle Sales and Repairs Co. offers a 6-month warranty on all new bicycle purchases. Based on history, Boyd determines t

hat warranty repairs are equal to approximately 2% of sales. During the month, Boyd sales total $20,000. Boyd will record Warranty Expense in the amount of ______ for the month.
Business
1 answer:
guapka [62]3 years ago
4 0

Answer:

Boyd will record Warranty Expense in the amount of $400 for the month.

Explanation:

Warraty expense is an obligation on the business because business idmliable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.

Sales = $20,000

Warranty repair = 2% of Sales

Warranty Expnese = Sales x Warranty repairs percentage

Warranty Expnese = $20,000 x 2%

Warranty Expnese = $400

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An investor has $25,000 that he can invest today. In addition to this amount, he can also invest $12,000 per year for 30 years (
TiliK225 [7]

Answer:

Explanation:

First, find the Future Value (FV) of the annuity deposits and the one time payment. You can do that using a financial calculator with the following inputs;

N = 30

I/Y = 8%

PV = -25,000

PMT = 12,000

then compute the future value ; CPT FV = $1,610,964.96

Next, the $1,610,964.96 the amount the investor will have at the beginning of retirement in order to make annual withdrawals. Therefore, that would be the new PV you will use to find the annuity amount as follows;

N = 25

I/Y = 8%

PV = -1,610,964.96

FV = 0

then compute annual deposits; CPT PMT = $150,913

6 0
3 years ago
To measure the amount of human capital available in a country, it would be best to determine _____.
klio [65]
<span>It would be best to determine the literacy rate of that country to be able to measure the amount of human capital available in a country. Literacy rate means the educational level of the human living in that country.</span>
8 0
3 years ago
If the buyer perceives a buyer-supplier relationship is in the desirable region on the purchaser-supplier satisfaction matrix, b
vfiekz [6]

Answer:

The correct answer is the option D: share information to find a mutual solution.

Explanation:

To begin with, the concept known as "Supplier Satisfaction" has long been a dead term for many companies in all the industries, however very recently the acquisition of this method has been implemeted in order to increase the benefits that it brings to understand better the relationship with the costumer. Moreover, the model itself seeks for the proper creation of a high quality relationship established in communication between the costumer and the supplier who is able to make a confortable sale and create and environment suitable for the buyer. That is why that the correct action will be to share information in order to find a mutual solution in the case where the situation is in that desirable region of the matrix.

4 0
3 years ago
The exercise price on one of Chrisardan Companies call options is $20, its exercise value is $27, and its time value is $8. What
baherus [9]

im gunna say say invest 15 dollars. i am not sure if thats what it wanted?

4 0
3 years ago
6. Network monopolies The value of a network good as the expected number of units sold increases. Which of the following is an a
LuckyWell [14K]

Answer:

The authorities would issue a complaint if the network monopoly undertakes predatory practices to maintain its monopoly position

Explanation:

A monopoly is when there is only one firm operating in an industry.

The antitrust policy ensures the monopoly doesn't abuse its power and to protect consumers.

Predatory pricing is when a business sets its price very low with the intent of chasing out competitors from the market. This violates antitrust policy and as a result authorities would intervene.

I hope my answer helps you

3 0
3 years ago
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