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Juliette [100K]
3 years ago
14

Over the past four years, Hashwari Corporation reported sales revenue and warranty expense as follows.

Business
1 answer:
murzikaleks [220]3 years ago
4 0

Answer:

Missing word <em>"Average warranty to sales rate is 2.05%"</em>

<em>                 </em>Adjusted expense and Adjustment required

                                                 2014            2015             2016             2017

Sales revenue                   $5,000,000 $5,200,000 $5,382,000  $5,704,920

Average warranty to sales rate 2.05%      2.05%            2.05%         2.05%

Adjusted warranty expense $102,500  $106,600   $110,331      $116,951

Actual warranty expense       $105,200   $104,100     $118,500      $108,400

Adjustment required            -$2,700       $2,500      -$8,169          $8,551

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