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
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

You might be interested in
In the context of business markets, _____ represents the fact that business buyers tend to be larger in size but fewer in number
tigry1 [53]

Answer:

concentrated demand

Explanation:

Business to business (B2B) salespeople have a very different job than regular salespeople, since every client matters and every client is VIP. B2B buyers know exactly what they want, and they will demand the best possible product at the least possible cost, specially if they are large corporations. The advantage of B2B sales is that one big sale can make a huge difference to your company and yourself. For example, companies that supply auto parts generally have only a few clients, since there are less than 10 car manufacturers in the US, but any sale involves millions of units.

7 0
3 years ago
The following information was available for Pete Company at December 31, 2013:
Leno4ka [110]

Answer:

8.2

Explanation:

See attached picture.

5 0
3 years ago
If a customer sells short 100 xyz at 79 and simultaneously writes 1 xyz jan 80 put at 5, the maximum gain potential is:_________
Ira Lisetskai [31]

If a customer sells short 100 xyz at 79 and simultaneously writes 1 xyz jan 80 put at 5, the maximum gain potential is: 400.

<h3>What is maximum gain potential/capital gain?</h3>

When an investor invests in or sells put option on stocks she owns, she is selecting a good approach to hedge against loss or bring additional funds in her account. Whenever a seller invests cover call options, this is the most frequent form.

Now according to the question-

  • A short stock with such a short puts is an income strategy with unlimited loss potential.
  • Although the customer will profit if the price falls, the customer signed an in-the-money put that would be exercised, requiring the client to acquire stock at 80 for a $100 loss here on stock shorted at 79.
  • However, the customer collected $500 in premiums, for a total gain of $400.
  • The break even point for a brief stock-short put is the short sale price plus the premium.
  • In this scenario, the break-even point is 84, and the maximum gain is four points, between 84 to 80.

Therefore, the maximum gain potential is 400.

To know more about the maximum gain/capital gain, here

brainly.com/question/1381751

#SPJ4

4 0
1 year ago
Toyota offers a hybrid version of its popular Highlander mid-sized SUV. The advertising for this car features the positive benef
Vinvika [58]
Your answer would be ( A ) one - sided message
3 0
2 years ago
Can ah budget include donations to charities
Mekhanik [1.2K]

Answer:

A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.

4 0
3 years ago
Other questions:
  • Which statement best describes a pure market economy ?
    14·2 answers
  • The amount of fica tax that employers must pay is twice the amount of the fica taxes withheld from their employees. true or fals
    7·1 answer
  • Check My Work (1 remaining) Fraud detection is an important element of minimizing losses from fraud, and it is important that fr
    15·1 answer
  • ​venus diner, a fast food restaurant, has installed two additional billing counters to reduce waiting time for customers. this h
    13·1 answer
  • Transactions processing systems monitor, collect, store, and process data generated from all business events. Select one: True F
    13·1 answer
  • What does the preamble to the Constitution envision?
    12·2 answers
  • Berry Good LLC registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice
    15·1 answer
  • P&amp;G sells cosmetics, laundry detergent, and products like Pringles to the ________ market by establishing strong brand image
    14·1 answer
  • A company has developed a new smart clock. If the clock is successful, the present value of the payoff (at the time the product
    15·1 answer
  • You have acquired a new CT scanner at a cost of $750,000. You expect to perform 7,000 procedures per year over the estimated 5-y
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!