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frutty [35]
2 years ago
6

Ranch Company estimates warranty expense as 5% of sales. On January 1, warranties payable was $13,000. During the year Ranch pai

d $5,000 to meet its warranty obligations and recorded sales of $120,000. The December 31 liability for the warranty is
Business
1 answer:
Yuki888 [10]2 years ago
3 0

Answer:

$13,000

Explanation:

The computation of the december 31 liability for the warranty is shown below:

Given that

Warranty expense = 5% of sales

Warranty payable = $13,000

Paid amount = $5,000

Sales = $120,000

based on the above information

The warranty liability as on Dec 31 would be equivalent to the warranty payable i.e. $13,000

The same is to be considered

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2 years ago
Read 2 more answers
Nếu GDP = $1000, tiêu dùng = $600, thuế = $100, và chi tiêu chính phủ = $200, thì:
Digiron [165]

Answer:

Saving = $200

Investment = $100

Explanation:

Given;

Gross Domestic Production = $1000

Consumption = $600

Taxes = $100

Government spending = $200

Find:

Saving and investment

Computation:

Saving = Gross Domestic Production - Consumption - Government spending

Saving = 1,000 - 600 - 200

Saving = $200

Investment = Saving - Taxes

Investment = 200 - 100

Investment = $100

3 0
2 years ago
Bravo inc owns 20,000 of the 40,000 outstanding shares of bello, inc. common stock. During 2021, Bello earns 1,200,000 and pays
stealth61 [152]

Answer:

the  ending balance of the investment account is $870,000

Explanation:

The computation of the ending balance of the investment account is shown below:

= Beginning balane + [(earns - dividend) × (owns shares ÷total shares)]

= $750,000 + [($1,200,000 - $960,000) × (20,000 ÷ 40,000)]

= $750,000 + $120,000

= $870,000

Hence, the  ending balance of the investment account is $870,000

4 0
2 years ago
How do individuals benefit from having health insurance? Why is health insurance likely to become a bigger and more complex issu
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Explanation:

Health insurance could be described as insurance that covers the health bills of individuals when they are sick or have an accident.

Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Health insurance would likely be a problem in the future due to the cost. Health bills can be very expensive, especially when it involves illness that require lots of operations or much bills to pay. This has made organizations begin to withdraw the benefits of health insurance for their staff.

5 0
3 years ago
Define black hole.......​
larisa [96]

Answer:

hope this helps

Explanation:

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8 0
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