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kow [346]
4 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]4 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

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3 years ago
To avoid channel conflict resulting from Internet selling, a company should Multiple choice question. charge prices for online d
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Answer:

work with dealers to design an online sales portal that benefits both partners.

Explanation:

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This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

Simply stated, e-commerce is the act of engaging in internet selling.

In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.

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3 years ago
At the annual stockholders meeting, investors heard a presentation on the numerous challenges facing the company, including amon
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Simplified Meaning is: Several issues were heard by investors at the annual SHM.

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Verbing modifier should amend the preceding clause and make much sense in relation to the preceding clause.

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4 years ago
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To learn more about perpetual inventory system from given link

brainly.com/question/25014592

#SPJ4

3 0
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