Answer:
$18,000
Explanation:
The computation of the warranty expense for the year 2021 is shown below:
Estimated warranty expense = Actual Sales × Actual claims percentage
= $450,000 × 4%
= $18,000
We simply multiplied the actual sales with the percentage of the actual claim so that the estimated warranty expense could come and the same is shown above
Answer:
less of the good because substitutes have become relatively more expensive
Answer:
$112.425
Explanation:
breakeven is
first we need to understand the concept of breakeven:
breakeven in sales makes reference to the amount of revenue in dollars at which a company has a profit of zero ($0.00). covering the underlying fixed expenses of a busines
with this concept we have that :
Total Costs = fixed annual operating cost + variable cost + sold units
Revenue = Total Costs
14.99 * sold units = 75,000 + 4.99 * units
10 * sold units = 75,000
breakeven = 7,500 units
now we can have the breakeven in dollars doing the convertion
breakeven = breakeven in units * prices
breakeven= 7,500 units * $14.99/unit
breakeven = $112,425
