1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kow [346]
3 years ago
12

A company has a selling price of $2,300 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 $160 each. During November, the company sold 40,000 printers, and 500 printers were serviced under the warranty at a total cost of $65,000. The balance in the Estimated Warranty Liability account at November 1 was $34,000. What is the company's warranty expense for the month of November
Business
1 answer:
Basile [38]3 years ago
7 0

Answer:

The correct answer is $192,000.

Explanation:

According to the scenario, computation of the given data are as follows:

Returned average cost = $160

Printers sold = 40,000

Return percentage = 3%

So, we can calculate the company's warranty expense by using following formula:

Warranty expense = Returned average cost × Printers sold  × Return percentage

= $160 × 40,000 × 3%

= 6,400,000 × 3%

= $192,000

You might be interested in
A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:Year Att
pishuonlain [190]

Answer:

Answer: Option “ D” = 16000

Explanation:

Answer for the question:

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:Year Attendance4 years ago 10,0003 years ago 12,0002 years ago 18,000Last year 20,000What is this year's forecast using exponential smoothing with alpha = .2, if last year's smoothed forecast was 15,000?A. 20,000 B. 19,000 C.17,500 D.16,000 E.15,000What is this year's forecast using the least squares trend line for these data?A. 20,000 B. 21,000 C. 22,000 D. 23,000 E. 24,000

is explained in the attachment.

Download pdf
3 0
3 years ago
Coronado Industries is contemplating the replacement of an old machine with a new one. The following information has been gather
Lostsunrise [7]

Answer:

$32,000

Explanation:

Net advantage = Annual operating cost

Net advantage = [(Old machine - New machine)*10 life] - New machine cost + Old machine cost

Net advantage = [($320000 - $240000)*10] - $800000 + $32000

Net advantage = [($80000)*10 - $768,000

Net advantage = $800,000 - $768,000

Net advantage = $32,000

So, the net advantage of replacing the old machine is $32,000

4 0
3 years ago
Suppose the price of gasoline decreases from $4.20 to $2.00, and in response quantity demanded increases from 10600 to 11200. Us
Tems11 [23]

Answer:

0.079

Explanation:

Price elasticity of demand using midpoint formula can be calculated as follows

Formula

Elasticity of demand = (change in quantity/average quantity)/(change in price/average price)

Calculation

Elasticity of demand = (600/10,900)/(-2.1/3.05)

Elasticity of demand =-0.055 / -0.688

Elasticity of demand =-0.079

working

Change in price (2-4.1) = -2.1  

Average price (2+4.1)/2=3.05

Change in quantity (11,200-10600) = 600

average quantity (11,200+10,600)/2 = 10,900

 

The elasticity of demand is inelastic as the elasticity is below 1.

4 0
3 years ago
When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in accounts
PSYCHO15rus [73]

Answer:

True

Explanation:

statement of cash flows can be regarded as financial statement which gives analysis of how cash as well as cash equivalent is affected by any changes in balance sheet accounts.

The indirect method of statement of cash flows begins with loss or the net income as well as the substraction of values from non cash revenue which result in case flow as a result of operating activities.

7 0
3 years ago
Which of the following provides the best explanation for how consumer credit can exacerbate inequality?
Flura [38]

Answer:

people with lower wealth and income may have less access to credit and pay higher interest rates when they are approved

Explanation:

8 0
2 years ago
Other questions:
  • Assuming Net Income for the year is $115,000, what is the net operating cash flows given the following information: Increase in
    11·1 answer
  • On an application, what is a positive way to present an honest picture of yourself? A. Say that you resigned from a job. B. List
    13·2 answers
  • When countries specialize in producing certain goods and then freely exchange those goods for other goods with different countri
    8·1 answer
  • A statistical method for identifying cost behavior
    9·1 answer
  • The agency relationship in corporate finance occurs:__________
    7·1 answer
  • Reacting to increasing public criticism and FTC scrutiny in the 1970s, the ad industry established the ________ to monitor poten
    6·1 answer
  • The short-run supply curve for an individual firm operating in a perfectly competitive market is:
    13·1 answer
  • On August 1, 2017, a company borrowed cash and signed a one-year interest-bearing note on which both the face value and interest
    12·1 answer
  • Jensen Automotive produces alternators for American-made cars. They generally use a static budget with the following costs based
    11·1 answer
  • Could someone explain to me what the money market in Italy is, thank you all​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!