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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

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D1 = $ 1.25

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g = 5 % = 0.05

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4 0
3 years ago
What is the interest rate on a three-year investment with a future value of $1000 and a present value of $863.84?
Nimfa-mama [501]
Use
F=P(1+i)^n

Substituting 
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solve for i
1000=863.84^(1+i)^3
solving for i 
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Answer: the annual interest rate is 5%
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3 years ago
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One of the diversity challenges managers have to deal with is​ that, in addition to differences in the employee groups that make
slavikrds [6]

Answer:

cultural identity

Explanation:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Rainbow Co. began operations in 2019 and reported $600,000 in income before income taxes for the year. Rainbow’s 2019 tax deprec
cricket20 [7]

Answer:

30.000

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Total Timing deference (C=A+B)  $100,000

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<h2>Differed tax liability (C*D)  $30,000 </h2>

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3 years ago
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