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valkas [14]
3 years ago
6

A company has a selling price of $1,650 each for its printers. Each printer has a 2 year warranty that covers replacement of def

ective parts. It is estimated that 3% of all printers sold will be returned under the warranty at an average cost of $147 each. During November, the company sold 27,000 printers, and 370 printers were serviced under the warranty at a total cost of $52,000. The balance in the Estimated Warranty Liability account at November 1 was $27,500. What is the company's warranty expense for the month of November?
Business
1 answer:
neonofarm [45]3 years ago
5 0

Answer:

$119,070

Explanation:

The computation of warranty expense for the month of November is shown below:-

Warranty expense for the month of November = Sold printers × Warranty percentage × Average cost

= 27,000 × 3% × $147

= $119,070

Therefore for computing the warranty expense for the month of November we simply applied the above formula.

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Which of the following is a characteristic of both the sales approach for service-type warranties and the expense approach for a
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Unearned warranty revenue is usually shown as an unearned revenues in the accrued liabilities during the preparation of the balance sheets.

It should be noted that the unearned warranty revenue is a characteristic of both the sales approach for service-type warranties and the expense approach for assurance-type warranties.

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3 years ago
Which of the following statements regarding a balanced scorecard is correct? Multiple Choice A balanced scorecard includes non-f
Fynjy0 [20]

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4 0
4 years ago
Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $ 115 com
kumpel [21]

Answer:

they need to put into the account $99444.97

Explanation:

given data

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solution

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solve it we get  

present value = $99444.97

so they need to put into the account $99444.97

6 0
3 years ago
3m is a master of the __________ pricing strategy. according to a 3m manager, "we hit fast, price high, and get the heck out whe
Alex777 [14]
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I hope this helps and have a wonderful day filled with joy!!


<3
5 0
3 years ago
Delta Company sells bells to customers for $1 each. The variable cost to manufacture the bells is 10 cents. If the rattle depart
ale4655 [162]

Answer:

Option C. $0.11

Option D. $0.95

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4 0
3 years ago
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