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
snow_lady [41]
2 years ago
5

A company has a selling price of $1,300 each for its printers. Each printer has a 2 year warranty that covers replacement of def

ective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $140 each. During November, the company sold 20,000 printers, and 300 printers were serviced under the warranty at a total cost of $40,000. The balance in the Estimated Warranty Liability account at November 1 was $24,000. What is the company's warranty expense for the month of November?
Business
1 answer:
riadik2000 [5.3K]2 years ago
3 0

Answer:

$56,000

Explanation:

The computation of the warranty expense for the month of November is shown below:

Warranty expense = Number of printers × Estimated percentage of defectives parts × Average cost per printer

= 20,000 printers × 2% × $140

= 400 × 1460

= $56,000

We simply multiplied the number of printers with the estimated percentage and the average printer cost so that the warranty expense could come

You might be interested in
All of the following statements about stock indexes are true EXCEPT
sesenic [268]

Answer:

C. stock indexes are unbiased and perfect indicators of market activity.

Explanation:

Stock indexes are a tool that is used to track a group of assets using standardised criteria.

Usually indexes monitors a group of securities. Indexes can be broad based or specialised.

Indexes are statistically derived benchmarks that securities are measured against. They are however not unbiased and perfect indicators of market activity.

This is because investor behaviour cannot be guaged statistically.

However indexes replicate the market activity in a certain segment of the stock market, serve as a benchmark to evaluate investment manager performance, and are based on criteria that define the market segment of interest.

6 0
3 years ago
What causes the economy to move from its short-run equilibrium to its long-run equilibrium? the government must increase spendin
V125BC [204]
<span>An economy moves from short-run equilibrium to its long run equilibrium as a result of the upward adjustment of minimal wages, prices, and perceptions to a new price level. If government spending increases, total demand will increase as well.</span>
4 0
3 years ago
Katherine, Alliah, and Paulina form a partnership. Katherine contributes $150,000. Alliah contributes $150,000, and Paulina cont
ryzh [129]

Answer:

$33,750

Explanation:

The computation of the amount of income which is credited to Katherine's capital account is shown below:

= (Katherine contribution ÷ total contribution) × partnership income

= ($150,000 ÷ $400,000) × $90,000

= $33,750

The total contribution equals to

= Katherine contribution + Alliah contribution + Paulina contribution

= $150,000 + $150,000 + $100,000

= $400,000

8 0
3 years ago
On June 8, Williams Company issued an $87,600, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is th
alex41 [277]
I think is 739 not sure tho
4 0
3 years ago
How would you describe Ghosn’s style of leadership?
boyakko [2]

Answer:

The leader for this situation doesn't have faith in close control of his group (ELS, 2010). Regardless of whether he is accountable for huge organizations that rely upon significant choices, Ghosn wants to permit his subordinates to set up their own timetables.

Explanation:

hope this helps, sry if it doesnt

6 0
2 years ago
Other questions:
  • Which of these factors would tend to lower overall property values most in a single-family residential neighborhood?
    8·1 answer
  • This is a nationwide program consisting of more than 30 college-level courses and exams offered at participating high schools, i
    13·1 answer
  • Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
    14·1 answer
  • Most companies lose money in their first few years of business. True False
    10·2 answers
  • Suppose a firm is considering the purchase of a machine which when used will increase its total revenues by $10,000 for the year
    15·1 answer
  • Suppose the demand for macaroni is inelastic, the supply of macaroni is elastic, the demand for cigarettes is inelastic, and the
    8·1 answer
  • how can good boilerplate tersm and conditions of contract still fail to protect an orgnaization against some risk
    6·1 answer
  • Suppose that Brazil imports semiconductors from the United States. The free market price is $30.00 per semiconductor. If the tar
    7·1 answer
  • According to the U.S. Bureau of Labor Statistics, there were 100,800 chefs/head cooks employed in the United States in 2010 and
    12·1 answer
  • Flick Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standar
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!