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
Elan Coil [88]
3 years ago
7

A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $185,000. The curr

ent period's entry to record the warranty expense is:
Business
1 answer:
jasenka [17]3 years ago
4 0

Answer:

Dr Warranty Expense 7,400

Cr Estimated Warranty Liability 7,400

Explanation:

Based on the information given we were told that the company estimated that the warranty expense will be 4% of sales in which the sales for the current period was the amount of $185,000. Therefore the current period's Journal entry to record the warranty expense is:

Dr Warranty Expense 7,400

Cr Estimated Warranty Liability 7,400

(185,000 x 0.04 = 7,400)

You might be interested in
SELECT ALL THAT APPLY
chubhunter [2.5K]

income tax

traffic tickets


8 0
3 years ago
Read 2 more answers
Joe​: ​"i think the key additional information you need to know in deciding whether the doctor should keep the medical practice
RoseWind [281]
<span>This is what Joe says: "Information is more important than the additional revenue and additional cost of being open 1 more​ hour."
He is a wise person</span>
8 0
3 years ago
The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t
Marianna [84]

In business, people often make choices. Opportunity Cost is the value of what must be foregone in order to undertake an activity.

<h3>What is opportunity cost?</h3>
  • The economists often refer to this type of cost as the amount or the value of the next highly rated alternative use of one's money or resource.

An example is when a person spend their time and money going to a shop, one cannot spend that time at cooking, and you even did not spend the money on other things.

Learn more about Opportunity Cost from

brainly.com/question/1549591

8 0
2 years ago
Purposely understaffing customs offices to cause time delays, requiring special licenses that take a long time to obtain, and re
crimeas [40]

Answer: B Administrative delays

Explanation:

Administrative delay means: any Governmental Entity’s failure to act within a reasonable time, in keeping with standard practices for such Governmental Entity, or within the time contemplated in the Interagency Cooperation Agreement, the Planning Cooperation Agreement, any of the Land Acquisition Agreements, the Tax Allocation Agreement, any Acquisition and Reimbursement Agreement.

7 0
3 years ago
Read 2 more answers
What other inspiring realizations helped Andrew Feld come up with the idea for his startup? List and rank them in order accordin
soldier1979 [14.2K]

The other inspiring realizations that helped Andrew Feld to come up with the idea for his startup, Fresh Patch, were as follows:

  • <u>Idea:</u> His pet gave him some idea that he could build a patch bathroom to enable his dog to ease whenever nature comes calling.  When he tried it out with the dog and saw the success, he engaged his need for income to start marketing the product to others.

  • <u>Necessity:</u>  Since he was unemployed with a pregnant wife, he realized that he could do something with his time.  This made him to try the bathroom for dogs idea that his pet needed.  He needed some income to cater for his family.

  • <u>A Big Vision:</u> The other realization is that the first year could be tough and will-breaking.  Then, he also realized that a big vision could be realized if one works hard at it.

Thus, these realizations greatly helped Andrew Feld for his startup, Fresh Patch.

Read more about inspiring ideas for business startups at brainly.com/question/11671311

6 0
3 years ago
Other questions:
  • The Jabba Corporation manufactures the "Snack Buster" which consists of a wooden snack chip bowl with an attached porcelain dip
    11·1 answer
  • How long before the date of a convention should committees normally be formed? A. Six weeks B. Three years C. Three months D. On
    5·1 answer
  • When Claire purchased her new cell phone, she was offered an opportunity to purchase a car charger and a cover together at a red
    9·2 answers
  • John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also en
    12·1 answer
  • If Joseph chooses combination of apples and oranges along his budget line where the marginal rate of substitution of apples in p
    9·1 answer
  • An import quota or tariff on French wine that raises the prices for wine will probably: Select one: a. hurt domestic wine drinke
    6·1 answer
  • A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid
    15·1 answer
  • Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break in
    9·1 answer
  • Pharoah Company borrowed $1470000 from U.S. Bank on January 1, 2019 in order to expand its mining capabilities. The 5-year note
    8·1 answer
  • Complete the following table by indicating whether each of the scenarios describes the concept of tying, resale price maintenanc
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!