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dedylja [7]
2 years ago
13

Co. was organized to sell a single product that carries a​ 45-day warranty against defects. Engineering estimates indicate that

​% of the units sold will prove defective and require an average repair cost of per unit. During ​'s first month of​ operations, total sales were ​units; by the end of the​ month, defective units had been repaired. The liability for product warranties at​ month-end should be
Business
1 answer:
AleksandrR [38]2 years ago
4 0

Answer:

$660 (credit balance)

Explanation:

the question is missing the numbers, so I looked for a similar one:

  • 4% of units will be defective
  • average repair cost of $20
  • 1,100 units sold during the first month
  • 11 defective units were repaired

The journal entry to record warranty liability:

Dr Warranty expense 880

    Cr Warranty liability 880

the journal entry to record actual money spent repairing defective units:

Dr Warranty liability 220

    Cr Cash 220

the balance of the warranty liability account at the end of the month = $880 - $220 = $660

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Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR c
Len [333]

Answer:

C) 2.57%

Explanation:

Pet World's net cash flows:

<u>Year  </u>                  <u>Cash flow</u>

0                           -$9,500  

1                             $2,000

2                            $2,025

3                            $2,050

4                            $2,075

5                            $2,100

In order to find the rate of return we can use an excel spreadsheet and the IRR function =IRR (values,[guess]) =IRR (-9500,2000,2025,2050,2075,2100)

=IRR = 2.57%

3 0
2 years ago
Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,450 and net income o
Ronch [10]

Answer:

The asset turnover is 1.44 and return on assets is 0.37%

Explanation:

Average Total assets    

Assets in the beginning $24,590  

Assets at the end          $23,300  

Average assets          $23945

Sales                   $34,450  

Divide: Average assets        $23945  

Assets turnover ratio  1.44

Net Income                   $89

Divide: Average assets          $23945  

Return on assets           0.37%

Therefore, The asset turnover is 1.44 and return on assets is 0.37%

3 0
3 years ago
What did surprise you in personalities
hjlf

Personalities


Personalities all vary from person to person. Depending on what the persons backround is and what theyve seen and gone through there personalities differentiate from each other.

5 0
3 years ago
A pizza deliverer who is in an accident while en route to deliver a pizza for a restaurant has: a. no liability for the accident
sleet_krkn [62]

Answer:

B is the answer

Explaination step by step:

6 0
2 years ago
Which school faculty member should you talk to about enrolling in an AP<br> course?
gregori [183]

Answer: The guidance counselor

Explanation:

Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.

A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.

A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.

The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.

course?

3 0
3 years ago
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