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larisa86 [58]
2 years ago
9

The authorized service center is located in Boston. Because Cookie Creations values serving its customers, it pays the shipping

to Boston for any mixers needing repair under Kzinski’s warranty terms. Based on past experience, Kzinski has found that approximately 10% of mixers are returned for repair or replacement. The average cost to ship a mixer to Boston is $60.The following transactions take place in 2020 and 2021.1. A total of 30 mixers are sold in 2020.2. Four of the mixers sold in 2020 are returned for repair in 2021. The total shipping cost for returning these four mixers to Boston is $210.3. A total of 40 mixers are sold in 2021.4. Two of the mixers sold in 2021 are returned for repair in 2021. The total shipping cost for returning these two mixers to Boston is $55.Calculate Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.Warranty liability $
Business
1 answer:
Alex777 [14]2 years ago
7 0

Answer:

$180

Explanation:

Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.

Using this formula

Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer

Let plug in the formula

Warrant liability=30 x 10% x $60

Warrant liability=$180

Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180

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★  Farm products which are perishable and seasonal nature are supplied by many producers.

Explanation:

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2 years ago
The general services administration (gsa was set up as an independent agency _____.
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To Take care of the construction and operation of public buildings
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The Securities and Exchange Commission was a New Deal program designed to regulate __________. importing quotas farming practice
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The Securities and Exchange Commission was a New Deal program designed to regulate stock market.

<h3><u>Explanation:</u></h3>

The place where the trading of the public listed companies takes place refers to the stock market. This is a method that is used by the companies to raise the capital. Those companies that wishes to raise capital would be offering the shares to the public in general as an initial public offering. This is the place of meeting of the stock sellers and buyers.

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3 years ago
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The Sisyphean Company has a bond outstanding with a face value of $ 5 comma 000 $5,000 that reaches maturity in 5 5 years. The b
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Answer: $5,219.59905

the price that the bond traded for would be closest to

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Explanation:

Using the price of bond formula below:

Price = C × 1 - [(1+r)^-n] /r + F/ (1+r)^n

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F= Face value(par value) = $5,000

n = number of years to maturity; 5

r = YTM (yield to maturity) = 8% = 0.08

Price = 455 × 1 - [(1+0.08)^-5]/0.08 + 5,000/(1+0.08)^5

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2 years ago
A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
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Answer:

Annual Financial advantage $ 550

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<u>Computation of income/loss on special order</u>

Unit product costs

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Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

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