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
UNO [17]
3 years ago
11

Moe ’s Electric sales vacuum cleaners with a one-year warranty to fix any defects. For the current year, 200 vacuums have been s

old. By the end of the year 12 ovens have been repaired for an average cost of $45 dollars. Management estimates that 8 more vacuums of the 200 sold will need to be repaired next year at the same amount. How much should Paul’s Electric report warranty expense for the current year?
Business
1 answer:
vekshin13 years ago
5 0

Answer:

$900

Explanation:

Given that

Total repair up to end of year = 12

Estimated need to be repaid = 8

Average cost = $45

The computation of warranty expense for the current year is shown below:-

For computing the warranty expense for the current year first we need to find out the total repaired cost which is here below

Total repaired cost = Total repair up to end of year + Estimated need to be repaid

= 12 + 8

= 20

Warranty expense for the current year = Average cost × Total

= $45 × 20

= $900

Therefore for computing the warranty expense for the current year we simply applied the above formula.

You might be interested in
ABC Vehicles expects the worldwide demand for new hybrid vehicles to reach 5 million by 2016. However, the demand for new hybrid
Olin [163]

Answer:

The correct answer is c. firm-level demand

Explanation:

Demand can be defined as the quantity of goods and services that are acquired by consumers at different prices, at a specific unit of time (one day, one month, one year, etc.) since without a temporary parameter we cannot say if a Demand amount grows or decreases.

When a person chooses to buy some good, to meet his needs, he does so consciously, based on his criteria both objective and subjective; These conditions are modified according to the educational and socioeconomic level, sex, age, among other factors.

7 0
3 years ago
Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds, usually in denominations o
Kipish [7]

A bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.

<h3>What is a bond?</h3>

It should be noted that bonds are securities that can be readily bought and sold.

In this case, a bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.

Learn more about bonds on:

brainly.com/question/25965295

#SPJ1

7 0
2 years ago
What will most likely cause a lender to deny credit?
8090 [49]

Answer:

A historic credit score of 300

Explanation:

A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.

Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments,  miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.

7 0
2 years ago
Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United
kumpel [21]
The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally. 
6 0
3 years ago
Read 2 more answers
A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $
Nitella [24]

Answer:

b. number of shares issued is 80,000

Explanation:

In the question, the common stock par value and the total amount is given. Moreover, paid-in capital is also given.

So, if we compute it, then it gives the number of shares issued because it contains a formula which is shown below:

Number of shares issued = (Common stock ÷ Par value)

= ($80,000 ÷ $1)

= 80,000 shares

So, paid-in capital is not relevant in the computation part, and therefore, the other options are wrong except b. option.

7 0
3 years ago
Other questions:
  • Jim&amp;Jenny Inc, an investment service firm, regularly donates to nonprofit organizations for various social causes and events
    10·1 answer
  • If the demand for a good falls by less than the supply of the good rises, then the good’s equilibrium price will __________ and
    11·1 answer
  • Marks Consulting purchased equipment costing $45,000 on January 1, Year 1. The equipment is estimated to have a salvage value of
    15·1 answer
  • How does critical thinking relate to peer assessment​
    5·1 answer
  • 51. lo.4 pam retires after 28 years of service with her employer. she is 66 years old and has contributed $42,000 to her employe
    6·1 answer
  • SBD Phone Company sells its waterproof phone case for $108 per unit. Fixed costs total $227,000, and variable costs are $48 per
    11·1 answer
  • 1. Which of the following is an example of the resource-based view of the firm? a. Philip Morris diversified by purchasing Kraft
    14·1 answer
  • In local news, Judge Roberts ruled that the Corp Company is guilty of causing ____________ damage to nearby waterways. She has o
    6·1 answer
  • What must strategic leaders keep in mind if they are going to achieve successful strategic positioning
    13·1 answer
  • The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningfu
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!