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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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g On July 1, Alton Co. issued an $60,500, 10%, 120-day note payable to Seller Co. Assume that the fiscal year of Alton Co. ends
irakobra [83]

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3 years ago
What is network architecture?
Varvara68 [4.7K]

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_____ requires coordination among government departments and agencies, as well as cooperation toward common objectives across co
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