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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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Levered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $29
Ugo [173]

Answer:

Levered -  $280,800,000

Unlevered - $398,400,000

Explanation:

The formula to compute the equity value is shown below:

Equity value = Number of outstanding shares × current worth per share

For Levered, the equity value would be

= 2,600,000 shares × $108

= $280,800,000

For Unlevered, the equity value would be

= 4,800,000 shares × $83

= $398,400,000

We simply multiply the number of outstanding shares with the current worth per share so that the equity value can come.

7 0
3 years ago
How many people do online school here...? Because I see a lot of the same questions here...?
rodikova [14]

I do online college if that counts and on campus.

5 0
3 years ago
Read 2 more answers
White Leo Autos manufactures and markets four different cars, Leo Sport, Leo Prestige, Leo Spark, and Leo Ease. These four produ
Neporo4naja [7]

Answer:

C. Business Strategy

Explanation:

White Leo Autos has four different cars and each of them operates as a separate Strategic Business Unit SBUs.

Business strategy is how the SBU competes in the market. The competitive strategy of the unit like differentiation strategy or cost leadership etc.

Corporate strategy focuses on how each SBU is operating and how it serves to the mission and vision of the organisation.

Functional strategy focuses on the different functions like HR, marketing, finance of each SBU.

3 0
3 years ago
The unemployment rate in the United States is usually​ ________ than the unemployment rates in most other​ high-income countries
bogdanovich [222]

Answer:

The answers are:

  • lower
  • more stringent

Explanation:

In order for an individual to be considered unemployed, the individual must be over 18 years old, be currently out of job, but actively seeking a new job.

The current unemployment rate in the US is 3.7% (as of August 2019) while the unemployment rate in the EU is 6.2%.

In order for an individual to collect unemployment benefits, usually he or she must meet the following requisites:

  • They must be out of work through no fault of their own.
  • They must meet minimum earnings or job tenure requirements.
  • They must be able, available, and actively seeking work.

4 0
3 years ago
Ramkissoon Midwifery's cost formula for its wages and salaries is $2,060 per month plus $442 per birth. For the month of July, t
iragen [17]

Answer:

Spending variance will be equal to -729

Explanation:

We have given wages and salary is $2060 per month plus $442 per birth

We have given total number of birth = 117

So standard cost = $2060+117×$442 = $53774

Actual wages and salary for the month is = $54500

We have to find the spending variance

Spending variance is given by

Spending variance = Standard cost - actual cost = $53774 - $54500 = -729

So spending variance will be equal to -729

6 0
3 years ago
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