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Brut [27]
3 years ago
6

Parker Company’s balance reflected Estimated Warranty Payable of $2,000 credit at the end of 2018, the current year. During 2019

, the following year, Parker had sales of $200,000 and expects product warranties to cost the company 10% of sales. During 2019, Parker paid $17,000 for warranties. What is Parkers Estimated Warranty Payable balance at the end of 2019?
Business
1 answer:
musickatia [10]3 years ago
3 0

Answer:

$5,000

Explanation:

The computation of the estimated warranty payable is shown below:

= Credit balance + expected warranty based on sales - warranties paid

= $2,000 + $20,000 - $17,000

= $22,000 - $17,000

= $5,000

The expected warranty based on sales would be

= sales × estimated percentage

= $200,000 × 10%

= $20,000

Simply we added the credit balance and expected warranty and deduct the paid warranties so that the actual amount can come

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Answer:

(i) Base year prices

(ii) between two consecutive years

Explanation:

formula for GDP deflator is (real GDP)/(nominal GDP) x 100 which is the numerator real GDP where prices are valued at the current year adjusted to inflation or deflation and then the denominator where prices are valued at a base year where prices are valued at a nominal year which are not adjusted to any inflation or deflation.

The CPI ( consumer price index) is calculated by determining the rise or fall in price of a good or goods in two consecutive periods which in turn gives us the increase or decrease in price percentage.

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3 years ago
A portfolio analysis involves:________
ollegr [7]

Answer:

separating a company's products and services into different categories that represent its business portfolio.

Explanation:

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Masteriza [31]
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3 0
3 years ago
Becca and Bob own a car rental business. Becca contributes 75 percent of the capital but does only 20 percent of the work, while
ale4655 [162]

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3 years ago
Using the allowance method, is bad debt expense recognized in
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Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.

Learn more about bad debts here

brainly.com/question/24871617

#SPJ4

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