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Law Incorporation [45]
3 years ago
15

Wright Company sells merchandise with a one-year warranty. This year, sales consisted of 2,000 units. It is estimated that warra

nty repairs will average $15 per unit sold, and 30% of the repairs will be made this year and 70% next year. In this year's income statement, Wright should show warranty expense of?
Business
1 answer:
Marianna [84]3 years ago
7 0

Answer:

$ 30,000.00

Explanation:

The cost of warranty is expensed the same period the sale is made.  Warranty can be estimated, and expensing them together with sale matches a sale and its relevant cost.

<u>In this case: </u>

Estimated warranty @ $15 dollar per unit sale

total unit sold =2000

Warranty amount = $15 x 2000

   =$ 30,000.00

To be expensed when the sale is made

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Iteru [2.4K]

Answer:

1.75 x 428

Explanation:

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2 years ago
What would you do as CEO to support the goals of Japan Airlines during the challenging economics that airlines face? a. Call emp
Talja [164]

Answer: b. Give personal emails and phone calls to employees at any level in the organization and thank them for their hard work and service to the company

Explanation:

It is said that appreciation is the application for more, when people are thanked, they often tend to go the extra mile to do their best for the organization, this in turn will build the work force that will push unity and effectiveness both as a team and individually and would rub off in theor services to their customers. Encouraging the workers would go a long way to improve the services of the airline.

6 0
2 years ago
A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio
Zina [86]

Answer:

The correct answer is letter "C": the invisible hand.

Explanation:

In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776).

8 0
3 years ago
Capital budgeting is the process of analyzing: Group of answer choices Cash outflows only. Investments with certain outcomes onl
yanalaym [24]

Answer:

Long-term investments.

Explanation:

Capital budgeting can be regarded as process that is been utilized by business in determining the type proposed fixed asset purchases that need to be declined or should be accepted. This process helps in creating quantitative view as regards the proposed fixed asset investment, so that rational basis to make make a judgment can be surfaced. It should be noted that Capital budgeting is the process of analyzing Long-term investments.

6 0
2 years ago
At Bargain Electronics, it costs $29 per unit ($17 variable and $12 fixed) to make an MP3 player that normally sells for $53. A
algol13

Answer and Explanation:

The computation is shown below;

Particulars       Reject Order      Accept Order       Net Income

Revenues               $0                      $126,280        $126,280

                                                    (4,510 units × $28)

Variable manufacturing $0              $76,670          -$76,670

                                                  (4,510 units × $17)

Shipping                   $0                    $18,040            -$18,040

                                                  (4,510 units × $4)

Net Income              $0                    $31,570              $31,570

Hence, the net income is in positive value so the special order would be accepted

8 0
3 years ago
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