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pav-90 [236]
3 years ago
13

A company has a selling price of $2,000 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 $154 each. During November, the company sold 34,000 printers, and 440 printers were serviced under the warranty at a total cost of $59,000. The balance in the Estimated Warranty Liability account at November 1 was $31,000. What is the company's warranty expense for the month of November?
Business
1 answer:
pychu [463]3 years ago
6 0

Answer:<em><u>The company's warranty expense for the month of November is $157,080. </u></em>

Explanation:

When the estimated amount is recognized-

Warranties expense A/c (Dr.) =  $157,080

Estimated Warranty Liability (Cr.) = $157,080

When the repairs are actually paid, Estimated Warranty Liability will be Debited and Cash will be credited.so, The company's warranty expense for the month of November is $157,080.

<em><u>i.e. (34,000 × 3% × $154 = $157,080)</u></em>

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* Temping or Internships

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Explanation:

* Temping or Internships

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* Company Websites

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3 years ago
It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.​
Mila [183]
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If a company produces and sells a fault product, they are liable for what happens next. If a customer was hurt when using the product correctly, they are at fault. Ethically and morally correct would be to stand up for their product, accept responsibility and help the customer. 
8 0
3 years ago
Which pattern of consumption is recommended to reduce humanity's global footprint? Buying goods from firms that always seek to m
tino4ka555 [31]

Answer:

The correct answer is letter "B": Choosing less harmful products.

Explanation:

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<em>By choosing less harmful products like the mentioned above and choosing alternative solutions to cover common activities, humanity's global footprint will be reduced.</em>

5 0
3 years ago
Stan's pay is $64 a day. Taxes of $13 a day are taken out of his pay. How much pay does Stan take home for working 5 days?
zhuklara [117]
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6 0
3 years ago
Read 2 more answers
In 2015, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2016, Bubb
const2013 [10]

Answer:

No, Bubble Inc.'s ROA decreased in 2016

Explanation:

Given:

Net income in 2015 = $500,000

Assets in 2015 = $5,000,000

Return on assets (ROA) = Net income ÷ Assets

                                       = 500,000 ÷ 5,000,000

                                      = 0.1 or 10%

Net income in 2016 = $600,000

Assets in 2016 = $7,000,000

Return on assets (ROA) = Net income ÷ Assets

                                       = 600,000 ÷ 7,000,000

                                       = 0.086 or 8.6%

It can be seen that ROA has reduced to 8.6% in 2016 as compared to 10% in 2015. This is because incremental increase in net income is lower in 2016 as compared to incremental increase in assets.

8 0
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