The provision for warranty in the current year should be
303000 * 5% = 15150 where 4000 is a current expense so a total of 19150 should be reported.
A warranty clause is a provision in a contract that typically affords a promise specifying that something is real or will manifest. In contract law, this clause can have a couple of that means, and it has a tendency to be one of the most misunderstood.
A warranty is a contingent legal responsibility, so the celebration presenting it needs to report a liability and assurance price whilst it information the associated sale of goods or offerings. As the promoting birthday party incurs real assurance fees, it expenses them towards the legal responsibility account.
The warranty price account receives debited, and the warranty legal responsibility account gets credited. The value of the alternative components and merchandise despatched to customers is debited from the warranty legal responsibility account. And it is credited to the inventory account as actual warranty claims are obtained.
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The average variable cost is 2400 because if you multiple 200 times 12 you will get 2400
Yes you did it all correct
Answer:
Number of units to be sold= 6,093
Explanation:
Giving the following information:
Selling price= $120
Unitary variable cost= $52.8
Fixed cost= $396,480
Desired profit= $13,000
<u>To calculate the number of units to obtain the desired profit, we need to use the following formula:</u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (396,480 + 13,000) / (120 - 52.8)
Break-even point in units= 6,093.4 = 6,093
Answer:
If you dont pay your balance , Yes you have to pay interest on everything you buy on your card because that is money from the bank so you have to pay your balance for them to get there money back.
Explanation:
