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
Softa [21]
3 years ago
12

Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's

defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.1 million, and actual warranty expenditures are $110,000. What amount (if any) should Sony report as a liability at the end of the year
Business
1 answer:
Kazeer [188]3 years ago
8 0

Answer:

$763,000

Explanation:

Warranty costs = 3%

Total sales = $29.1million ($29,100,000)

actual warranty expenditures = $110,000

First we multiply warranty cost by total sale

$29100000 x 0.03

= $873,000

Then

Subtract $110,000 from $873,000

$873000 - $110000

= $763,000

Sony should report $763,000 as liability

You might be interested in
Group Working age population Discouraged workers Employed Unemployed # in Millions 215 5 138 According to the table, the labor f
patriot [66]

Answer:

A decrease in labor force participation rate

Explanation:

The workers which are discouraged can opt out of the labor market since there is no incentive for them work anymore. The workers choosing to go out of the labor market will decrease the overall labor force participation rate. The unemployment rate can also be affected but the main effect would be on labor force participation rate

4 0
3 years ago
How do price changes affect equilibrium?<br> (Gradpoint)
irina [24]

Answer:

By Serving As A Tool For A Distributing Goods And Services.

8 0
3 years ago
On an organization's board of directors, inside directors ____; outside directors _____. are supposed to be elected from outside
BigorU [14]
On an organization's board of directors, inside directors <span>may be members of the firm; outside directors </span><span>are supposed to be elected from outside the firm.</span>
The board of directors is responsible for keeping the organization’s vision, mission, and strategic planning goals. Duties of boards include: <span>choosing the CEO, approving major policies, making major decisions, overseeing performance<span>, and serving as external advocate.</span></span>
4 0
3 years ago
What is the risk posture for each particular system as it contributes to the overall risk posture of the organization
Nutka1998 [239]

Please find attached full question Answera and Explanation:

Risk posture or cybersecurity posture is the general status or overall defense of the cybersecurity program in place in an organization to guard against cyber attacks and data breaches. For a company to maintain reasonable cyber security posture as there is no fool proof cybersecurity posture, there is need for regular continuous assessment of risk exposures and potential loopholes across the company's digital infrastructure. There are different digital and sophisticated infrastructures utilized by am organizations and most if not all are well prone to cyber attacks. These infrastructures are used by employees for work e. g-email, went servers, phones, networking devices and cloud programs etc . Therefore each employee must be educated in the need to safeguard company data by looking out for traps set by cyber attackers such as phishing in email and many other loopholes. Vulnerability tests need to be performed at regular intervals and reports monitored and analyzed to protect against a potential source of cyber attack.

7 0
3 years ago
In May, Pasta Disasta, Inc. paid its suppliers $500 that it owed for the pizza pans purchased and received in April. Which accou
vladimir2022 [97]

Based on the information given the account that are affected is:

  • $500 decrease in liabilities
  • $500 decrease in assets.

<h3>Accounts that are affected</h3>

Assuming the company paid its suppliers the amount of  $500 that it owed for the pizza pans they purchased and received in the month of April. Hence, liabilities account will decrease by $500 while the assets account will decrease by $500.

Thus:

  • $500 decrease in liabilities
  • $500 decrease in assets

Inconclusion the account that are affected is:$500 decrease in liabilities, $500 decrease in assets.

Learn more about account affected here: brainly.com/question/14279491

8 0
2 years ago
Other questions:
  • Locus Company has total fixed costs of $117,000. Its product sells for $51 per unit and variable costs amount to $26 per unit. N
    15·1 answer
  • You are analyzing an office building to determine if it make sense to build it. the building and site improvements cost $145 and
    11·1 answer
  • What is the importance of the variation in statistics?
    12·1 answer
  • Printers Company pays a $25,000 annual membership fee to a trade association for paper wholesalers. The trade association estima
    15·1 answer
  • Law of Demand
    10·1 answer
  • Outline the differences between chain stores and departmental stores.​
    5·2 answers
  • When setting optimal prices, which of the following is a concern when utilizing a regression of observed sales on observed price
    6·1 answer
  • Aiden and Sophia are married and they have always filed Married Filing Jointly. Aiden died May 5, 2020 at the age of 58. Sophia,
    15·1 answer
  • The difference in income between the richest and poorest citizens is called a command economy. unemployment. private property. t
    9·2 answers
  • What conditions would affect how much people would use my business?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!