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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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4. Part of delivering an effective slide presentation is making sure you present your material in a logical order. Before you be
grandymaker [24]

Answer: Arranging them in an orderly manner, easy to understand by the audience and when presented

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When arranging your slide for presentation, it's necessary that they are arranged in a logical manner, one of the things to have in mind is your objectives, when this is understood, you begin the arrangement of your presentation with your with table of contents, introduction, abstract, would be followed by the chapters, your conclusion and references, all tailored in an orderly manner driving your point home to your audience.

5 0
3 years ago
The indirect method for the preparation of the operating activities section of the statement of cash flows: Group of answer choi
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Answer:

Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Explanation:

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When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

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3 0
3 years ago
What is the salesperson doing when, after his presentation is over, he asks, "May I call the company and place your order for 20
Zanzabum

Answer:

trying to close the sale

Explanation:

When someone is closing a sale, he/she is trying the complete the sales process by effectively getting a purchase order. In this case, the salesperson is trying to convince the client to finally place an order for 20 cases of Ecco brand golfing shoes. The whole selling process is carried out to finally be able to close the sale, it is the climax of the sales process, the salesperson either makes it or not.

3 0
3 years ago
Antivirus Inc. expects its sales next year to be $2,500,000. Inventory and accounts receivable will increase $480,000 to accommo
DiKsa [7]

Answer:

$236,250

Explanation:

The computation of external financing is shown below:-

For computing the external financing first we need to find out the retained earning which is shown below:-

Net income = Sales × Profit margin

= $2,500,000 × 15%

= $375,000

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8 0
3 years ago
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