1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuri [45]
3 years ago
5

Florida Keys Construction installs swimming pools. It calculates that warranty obligations are 3% of sales. For the year just en

ding, Florida Keys’ sales were $1,450,000. Previous quarterly entries debiting Warranty Expense totaled $28,700. Determine the estimated warranty expense for the year and make the journal entry necessary to bring the account to the needed balance.
Business
1 answer:
Mademuasel [1]3 years ago
5 0

Answer:

Dec. 31

Debit Warranty Expense 14,800

Credit Warranty Payable 14,800

Explanation:

Calculation to Determine the estimated warranty expense for the year

Based on the information given we were told that Florida Keys sales has the amount of $1,450,000 with 3% sales warranty obligation, and Florida keys as well had debit Warranty Expense of the amount of $28,700 this means that the Estimated warranty expense will be calculated as;

$1,450,000 * 3% =$43,500

$43,500-$28,700=$14,800

Therefore the Journal entry will be:

Dec. 31

Debit Warranty Expense 14,800

Credit Warranty Payable 14,800

You might be interested in
True or false? if prospects can get the answers to their questions and see themselves as characters in your story, they’ll be mo
Alexxx [7]

This is a <u>true</u> statement. If you can imagine yourself as a prospect who can get answers to your questions and as a character in a business story, you'll be more likely to buy from them rather than a business to which you can't relate.

To effectively tell your company's story, you must have a mission and supporting values that your prospects can relate to.

Your content's narrative conflict should be driven by the needs, problems, and buyer's journey stage of your prospects.

Always keep in mind that every story needs three storytelling components, such as characters, conflict, and resolution, so make sure yours is accurate and relatable.

Learn what appropriate questions a prospective buyer should ask about the operation of the business when buying an existing business: brainly.com/question/25211092

#SPJ4

7 0
1 year ago
Samantha has a bakery that has been successfully run for over a year, and it’s growing in popularity. If she planned to use her
Ksenya-84 [330]

Answer:

NOT might lose customers because of a lack of innovation

NOT might not be able to attract essential new investors

Explanation:

Since in the question it is mentioned that Samantha who has a bakery is sucessfully run for a year and it is popular also. At the same time she planned for using her profits in order to cover up the similar cost that had done in the last year

So based on this, the risk she has taking is that she not want to lose his customers as there is an innovation lacking also she is not capable to attract the new investors

Therefore the same is to be considered

8 0
2 years ago
Question 6
Scilla [17]

Answer:

C)refusing to work until certain demands are met.

Explanation:

The idea behind a strike is to remind the employer or owner of the company that workers are a key part of the production. Strikes are an effective form of protest because they can paralyze a factory or a firm.

Strikes are usually more effective when the workers cannot be easily replaced by the employer.

7 0
3 years ago
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the cre
Alchen [17]

Answer:

-16.34

Explanation:

  • Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.
8 0
2 years ago
Read 2 more answers
Help find Robert! South Carolina people help me find Robert!​
pochemuha
He’s not even lost or missing he probably ghosted you please stop sharing this and move on
5 0
2 years ago
Other questions:
  • Explain how organizations manage the changing environment​
    14·2 answers
  • In nonprofit marketing, direct consumers of a product are called _____.
    11·1 answer
  • At the beginning of the year, Klein Company's pension plan showed pension plan assets of $4 million and a PBO of $4.5 million; u
    15·1 answer
  • A major advantage to a business residence situation is_____
    11·1 answer
  • In 2016, Chartres Inc., issued for $105 per share, 60,000 shares of $100 par value convertible preferred stock. One share of pre
    9·1 answer
  • Which of the following activities create positive externalities? Group of answer choices An excavation firm pollutes a local str
    10·1 answer
  • The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does no
    14·1 answer
  • The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current info
    12·1 answer
  • Michael works as a sales representative for an oilfield supply business in West Texas. He sells highly technical safety equipmen
    13·1 answer
  • Prepare the required end-of-period adjusting entries for each independent case listed below.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!