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yuradex [85]
3 years ago
10

Panther Co. had a quality-assurance warranty liability of $359,000 at the beginning of 2018 and $308,000 at the end of 2018. War

ranty expense is based on 3% of sales, which were $44 million for the year. What were the warranty expenditures for 2018?
a. $1,320,000
b. $1,269,000
c. $0
d. $1,371,000
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

d.$1,371,000

Explanation:

Given that

Warranty liability at the beginning of year = $359,000

Warranty liability at the end of year = $308,000

Warranty expense = $44 million

Sales percentage = 3%

So, the warranty expense = $44,000,000 × 3% = $13,20,000

So, the warranty expenditures for 2018 is

= Beginning warranty liability + warranty expense - ending warranty liability

= $359,000 + $13,20,000 - $308,000

= $1,371,000

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Answer:

The overview of the given situation is described in the explanation section below.

Explanation:

(1)...

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<u>Working:</u>

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(2)...

From either the Uk view the actual exchange rate will be:

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(3)...

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<u>Explanation:</u>

British vehicle exceeds,

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= 1.154 compared to the U.S car.

It also means that perhaps the British car is much more costly, and as such the U.S. car becomes valued more highly competitive.

3 0
3 years ago
Honest Abe’s is a chain of furniture retail stores. Integral Designs is a furniture maker and a supplier to Honest Abe’s. Honest
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Answer:

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What does it mean to freeze assets and bank accounts?
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Ierofanga [76]

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3 td
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Answer:

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