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
grigory [225]
3 years ago
8

During june, vixen company sells $850,000 in merchandise that has a one year warranty. experience shows that warranty expenses a

verage about 3% of the selling price. customers returned $14,000 of merchandise for warranty replacement during the month. the entry to record the estimated warranty provision at the end of the month is:
Business
1 answer:
Musya8 [376]3 years ago
4 0

Answer:

Explanation:

The journal entry is shown below:

Warranty expense A/c Dr $25,500

        To Estimated warranty liability $25,500

(Being the estimated warranty provision is recorded)

The computation is shown below:

= Merchandise sale value × given percentage

= $850,000 × 3%

= $25,500

Simply we debited the warranty expense and credited the estimated warranty liability so that the correct posting can be done.

You might be interested in
The actual interest rate on a loan that is compounded monthly but expressed as an annual rate is referred to as the _____ rate.
Brrunno [24]

annual percentage rate

The effective tax rate of return from an investment for a year, taking into account compound interest, is known as the annual percentage yield (APY). The amount that lenders charge borrowers as a proportion of the principle is called the interest rate. Additionally, it is the sum derived from deposit accounts.

The annual interest produced by an amount that is paid to investors or levied to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the real annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other expenditures related to the transaction.

To know more about annual percentage rate refer to brainly.com/question/26037117

#SPJ4

3 0
1 year ago
What are steps through a civil case?
hoa [83]

In the district courts there are... pleadings, motions, scheduling conference and order, discovery, pretrial conference and order, trial, and appeal. A plaintiff commences a civil case by filing a complaint with the court

3 0
3 years ago
Please help me anyone (picture attached)
sergey [27]

Answer:

Im not entirely sure, but i think

2. Should be D

3. Should be A

(i could be wrong but im about 90 percent sure those r right)

Explanation:

3 0
2 years ago
How to plan for a turbulent environment surrounding the current pandemic​
kompoz [17]

Explanation:

The long-running debate between the ‘rational design’ and ‘emergent process’ schools of strategy formation has involved caricatures of firms' strategic planning processes, but little empirical evidence of whether and how companies plan. Despite the presumption that environmental turbulence renders conventional strategic planning all but impossible, the evidence from the corporate sector suggests that reports of the demise of strategic planning are greatly exaggerated. The goal of this paper is to fill this empirical gap by describing the characteristics of the strategic planning systems of multinational, multibusiness companies faced with volatile, unpredictable business environments. In-depth case studies of the planning systems of eight of the world's largest oil companies identified fundamental changes in the nature and role of strategic planning since the end of the 1970s. The findings point to a possible reconciliation of ‘design’ and ‘process’ approaches to strategy formulation. The study pointed to a process of planned emergence in which strategic planning systems provided a mechanism for coordinating decentralized strategy formulation within a structure of demanding performance targets and clear corporate guidelines. The study shows that these planning systems fostered adaptation and responsiveness, but showed limited innovation and analytical sophistication

4 0
3 years ago
A customer comes into your shop carrying a gorgeous oval bowl. It’s very large and low, and has a pale gray crackled glaze. He t
ivann1987 [24]
<span>To keep the tulips from bending as they often do, you tie them with raffia, a technique known as B. skeletonizing

This type of technique helps the flowers be tied together. The raffia is used like a skeleton for the flowers to stand straight. It supports the tulips, preventing them from bending. </span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Telcom owns a phone network and provides phone network services to many consumers
    15·1 answer
  • Please help!!!!
    12·1 answer
  • You are speaking to a group of consumers about ways to use food labels to choose healthy foods in the grocery store. during your
    10·1 answer
  • The following information is available for Sheridan Company:
    11·1 answer
  • Seller Deangelo agreed to mediate the radon gas problem in his basement within 31 days. It has been 31 days and he still has not
    6·1 answer
  • The pension plan was amended last year, creating a prior service cost of $20 million. Service cost and interest cost for the yea
    7·1 answer
  • Which of the following statements is CORRECT? a. Prior to the Enron scandal in the early 2000s, companies would put verbal infor
    8·1 answer
  • The rates of return on Cherry Jalopies, Inc., stock over the last five years were 22 percent, 11 percent, −4 percent, 6 percent,
    12·1 answer
  • Discuss the nature of three industries and how each is applied for the growth the national economy​
    7·1 answer
  • Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!