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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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Find the present worth in year 0 of $60,000 in year 3 and amounts increasing by 15% per year through year 10 at an interest rate
Kamila [148]

Answer:

Present worth is 398,577

Explanation:

First we need to grow the payment by 15% each year after year 4. Then we need to discount the amounts using the interest rate of 11% each year.

All the workings are done in the pdf file attached with this answer, please find it.

Download pdf
5 0
3 years ago
Which field deals with behavioral issues as well as technical issues surrounding the development, use, and impact of information
xz_007 [3.2K]

Information systems for management. focuses on the development, usage, and effect of information systems utilized inside an organization, as well as behavioral and technical concerns related to these topics.

A management information system (MIS) is a type of information system used in organizations for information coordination, control, analysis, and visualization as well as decision-making. People, procedures, and technology are all involved in the organizational setting of the study of management information systems.

What three different types of management information systems are there?

Operational-level systems, management-level systems, and strategic-level systems are the three primary kinds of information systems that serve various organizational levels.

To know more about Information systems for management.

brainly.com/question/14688347

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7 0
1 year ago
.. Will has a Personal Auto Policy. Which of the following cars would qualify for coverage as a "temporary substitute" under Wil
Leokris [45]

Answer:

Will rents a car while his car is in the shop.

Explanation:

If Will has his car in the workshop and has a Personal Auto Policy, then he can claim a temporary substitute while his car is being repaired.

A temporary subsititute is defined as an automobile that a person with an insurance policy uses in the interim when their vehicle is being repaired, has broken down, has suffered loss, or is being serviced.

Will borrowing a car while his own is in the shop is considered temporary substitution.

3 0
3 years ago
g . Suppose that, as a result of a decrease in the market supply of labor, the wage rate has risen 10%. After adjusting its empl
Julli [10]

Answer:

the firm's demand for labour is elastic. the total wage bill decreased even though wage rates have increased. this indicates that the firm's demand for labour is sensitive to wages. As a result of the rise in wages, the demand for labour by the firm fell more than the rise in price. This indicates that demand is elastic

Explanation:

5 0
2 years ago
The current value of a property is $60,000. For real estate tax purposes, the property is assessed at 30 percent of its current
Damm [24]

Answer:

Explanation:

Given:

Current value, C = $60000

Assessed value, A = 30 percent of its current value

= 30% × C

Equalisation factor, E = 1.25

The tax rate is $4 per $100 of assessed valuation.

Assessed value, A = 30/100 × 60000

= $18000

Total assessed valuation = assessed value × E

= $18000 × 1.25

= $22500

Tax rate of $4/$100 × assessed valuation

Tax amount = tax rate × assessed valuation

= ($4 × $22500)/$100

= $900

4 0
3 years ago
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