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
The size and cut of a diamond allows people looking at a ring to roughly estimate its cost and make a judgment about the wearer'
Sholpan [36]

The answer is the Status symbol.

A status symbol is typically an object meant to symbolize the high social and financial position of its owner.

Status symbols frequently vary as a culture and its ideals evolve.

Different status symbols may also be dictated by one's line of work, and some uniform designs may be interpreted as status symbols.

Status symbols in capitalist society are frequently connected to material prosperity. Status symbols might alter depending on where they are used.

For instance, a physical scar may signify honor or bravery in cultures where warriors are revered, becoming a status symbol.

Hence, in the given scenario where the size and cut of a diamond allow people looking at a ring to roughly estimate its cost and make a judgment about the wearer's economic status. A diamond is a status symbol.

Learn more about capitalist society:

brainly.com/question/10441842

#SPJ4

5 0
2 years ago
"what must be demonstrated to prove that a company engaged in predatory pricing?"
Molodets [167]

Predatory pricing is a dangerous and doubtful pricing strategy where a product or amenity is fixed at a very small price, proposing to drive opponents out of the market, or make barriers to access for potential new opponents. The company expressively raised its prices after its competitors were forced out of the market. And the company purposely set its prices below its average variable costs. This can prove that a business is engaged in predatory pricing.

7 0
3 years ago
Read 2 more answers
PLS HELP!!!!! THANK U<br> Sample Work: Writing an Informative Essay: Prewriting BATTLING ADVERSITY
mart [117]
Dude above me imported a good file answer his
8 0
3 years ago
Read 2 more answers
According to McGregor which of the following characterizes the assumptions of a Theory X manager?
Korvikt [17]

Answer:

All of the above

Explanation:

This theory is one of the theories of work and motivation as it pertains to certain workers. The theory is by Douglas MacGregor

These are the assumptions

1.that many people hate anything work and would do anything they can to avoid working.

2.people are not ambitious. They would rather avoid responsibility

3. People have to be forced to work, so they must be directed.

7 0
3 years ago
Dave klein is a produce farmer in northern california. his major customers are grocery stores in the midwest. dave's product is
ss7ja [257]
Given that <span>Dave Klein is a produce farmer in Northern California. His major customers are grocery stores in the midwest. Dave's product is a perishable item and will only last for about 2 weeks after it has been picked, so Dave is concerned with getting his product to his customers quickly. he ships almost daily when his produce is in season. However, he also needs to be aware of the cost of shipping.

The form of shipping Dave will most likely use is truck.</span>
4 0
3 years ago
Other questions:
  • Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and
    10·1 answer
  • What does it mean to adopt a maturity matching approach to financing assets, including current assets? How would a more aggressi
    8·1 answer
  • Balt Company maintains a standard cost system; as such, all inventories, including materials, are carried on the books at standa
    6·1 answer
  • Managers must have the tools and resources necessary to "steer" the organization through future unknown conditions and often thr
    15·1 answer
  • What do batchmakers do?
    5·1 answer
  • The primary advantages of the average rate of return method are its ease of computation and the fact that a.rankings of proposal
    10·1 answer
  • Smashed Pumpkins Co. paid $88 in dividends and $526 in interest over the past year. The company increased retained earnings by $
    7·1 answer
  • Spring Airlines is a small budget airline that is based in China. The company has a strict rule against passengers bringing any
    12·1 answer
  • What remarketing audiences cannot be defined by default?.
    9·1 answer
  • Research demonstrates that companies with_______________________________ have higher returns on sales, investments, assets, and
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!