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ElenaW [278]
3 years ago
12

Monthly sales are​ $530,000. Warranty costs are estimated at​ 3% of monthly sales. Warranties are honored with replacement produ

cts. No defective products are returned during the month. At the end of the​ month, the company should record a journal entry with a credit​ to:
A. Sales for $15,900
B. Warranty Expense for $15,900
C. Estimated Warranty Payable for $15,900
D. Inventory for $15,900
Business
1 answer:
notka56 [123]3 years ago
8 0

Answer:

C. Estimated Warranty Payable for $15,900

Explanation:

The journal entry is shown below:

Warranty expense $15,900

    To Estimated warranty liability $15,900

(Being the warranty expense is recorded)

The computation is shown below:

= Monthly sales × estimated given percentage

= $530,000 × 3%

= $15,900

We simply debited the warranty expense as it increases the expenditure and credited the liabilities as it also increases the liabilities account

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An asset has an average return of 10.94 percent and a standard deviation of 20.98 percent. What range of returns should you expe
valkas [14]

If the standard deviation is 20.98%. The range you should expect to see with a 95 percent probability is: -31.02 percent to +52.9 percent.

<h3>Expected range of return </h3>

Expected range of return = 10.94 percent ± 2(20.98 percent)

Expected range of return =[10.94 percent- 2(20.98 percent)]; [10.94 percent + 2(20.98 percent)]

Expected range of return =(10.94 percent- 41.96 percent); (10.94 percent + 41.96 percent

Expected range of return = -31.02 percent to +52.9 percent

Inconclusion the range of returns is: -31.02 percent to +52.9 percent.

Learn more about expected range of return here:brainly.com/question/25821437

8 0
2 years ago
Laura, a sales manager at Dexter Inc., claims that labor and management are rivals for most organizations. Brooke, the HR manage
Afina-wow [57]

Answer:

Dexter Inc.

The statement that best supports Brooke's perspective is:

Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams.

Explanation:

When labor and management act as rivals or adversaries, it does not benefit their organizations.  They should find common grounds for cooperation.  Organizations should involve their employees in more decision-making.  Despite their incongruent goals, unions and management should find win-win solutions.  Paying employees a living wage does not impoverish the organization.  On the contrary, everybody is greatly enriched.

3 0
3 years ago
26. Which of the following best describes an entrepreneur? A) a person who forms and operates a business B) a person who invests
scoundrel [369]

Answer:

A) a person who forms and operates a business

Explanation:

An entrepreneur is a person who forms and operates a business. An entrepreneur is one of the factors of production. Other factors include land, labour and capital.

An entrepreneur takes up the financial risk of a business.

An entrepreneur earns profit or loss.

A shareholder is a person who invests in an existing business

A bondholder is a person who lends capital to a new business

I hope my answer helps you.

3 0
3 years ago
You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.
cricket20 [7]

Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

6 0
3 years ago
Rachel recently started a new gift shop in town. When she is deciding how to price the new products in her shop, she measures th
valkas [14]

Answer:

The correct word for the blank space is: competitive.

Explanation:

Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:

  • Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm. </em>
  • <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set. </em>
  • Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be. </em>
  • Price skimming.<em> Involves pricing a product high at first and changing the price according to market fluctuations. </em>
  • Penetration pricing.<em> Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.</em>
7 0
3 years ago
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