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
larisa [96]
2 years ago
11

At the beginning of 2020, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp

ected to cost Sun Angel 3% of net sales in the first 12 months and 1% of net sales in the second 12 months. Net sales made under warranty in 2020 were $184,743,795. Fifteen percent of the units sold were returned in 2020 and repaired or replaced at a cost of $5,179,626. The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:
Business
1 answer:
Artemon [7]2 years ago
5 0

Answer:

$2,210,126

Explanation:

Calculation to determine what The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:

Estimated Warranty Liability=(1%+3%*$184,743,795)-$5,179,626

Estimated Warranty Liability=$7,389,752-$5,179,626

Estimated Warranty Liability=$2,210,126

Therefore The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:$2,210,126

You might be interested in
What characteristic is somewhat shared by perfect competition and
kakasveta [241]

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

8 0
2 years ago
Arnie made 800,000 after deducting expenses when he sold the helicopter
Maksim231197 [3]
I think the correct answer is c , hope I helped
6 0
3 years ago
Objective of management​
AnnZ [28]
Getting Maximum Results with Minimum Efforts.
8 0
3 years ago
Read 2 more answers
What happens if an economy operates at a short-run equilibrium output that exceeds its long-run capacity,
g100num [7]

Answer:

There would be an increase in the price of resources for production

Explanation:

When an economy decides to operate at a short-run equilibrium output the cost of obtaining resources for production of goods and services would increase. and this increase in price of resource will cause the short run aggregate supply curve ( SRAS )to shift to the left.

The short run aggregate supply is the total goods and service produced in an economy at different prices while some of the resources used for the production of the goods and services are fixed

8 0
2 years ago
Read 2 more answers
The demand for a product is inelastic with respond to price if:<br> a.consumers are
Step2247 [10]
Not all of the answer choices are here
5 0
3 years ago
Other questions:
  • 1.Which might NOT be an option for increasing your present income?
    6·1 answer
  • The number of persons coming through a blood bank until the first person with type A blood is a random variable Y with a geometr
    5·1 answer
  • Problem:Water flows from a bathroom tap at a rate of 2 gallons every 6 seconds. Questions At this rate,how many minutes will it
    12·1 answer
  • An increase in the number of buyers in a particular market for a good will result in a ___________________ for that good.
    14·1 answer
  • Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one more delivery van. He decides h
    6·1 answer
  • Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $1.25 at the end of the year. Its div
    9·1 answer
  • A multimillion-dollar u.s. project to construct a suspension bridge is in progress. true structures inc. in canada shares both p
    15·1 answer
  • Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc
    6·1 answer
  • Differentiate between import qouta and import duty?
    7·1 answer
  • Allowance for doubtful accounts is classified as a(n) ______ account and has a normal ______ balance.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!