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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

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A bed mart company is in the business of manufacturing beds and
vladimir1956 [14]

The maximum daily profit for the company is $860

<h3>What is an inequality</h3>

Inequality is an expression that shows the non equal comparison of two or more variables and numbers.

Let x represent the number of bed and y represent the number of pillow, hence:

4x + 2y ≤ 40    (1)

Also:

2x + 4y ≤ 32   (2)

From the graph, the solution is at:

(8, 4)

Profit = 80x + 55y = 80(8) + 55(4) = $860

The maximum daily profit for the company is $860

Find out more on inequality at: brainly.com/question/24372553

3 0
2 years ago
Preston has to make four phone calls to clients today. The call to Mr. Miller will take about an hour to complete, the call to M
MrRissso [65]

Answer:

Preston has to make four phone calls to clients today. The call to Mr. Miller will take about an hour to complete, the call to Ms. Winnecuit will take about five minutes to complete, the call to Mr. Drudge will take about thirty minutes and the call to Mrs. Freich will take about fifteen minutes to complete. If all the calls are equally important, who should Preston call first?

From the analogy above, in order to maximize the time frame. The call to lesser clients should be prioritized before others, this means that Preston should place a call to Ms Winnecuit which will last for five minutes follow by Mrs Freich which will last for fifteen minutes follow by Mr Drudge which will last for thirty minutes and lastly to Mr Miller which will last for about an hour.

Prioritization comes in play to time frame of each call, the lesser minutes calls will not take too much time to be completed while the call with highest time frame comes last as a result of the time involved.

Explanation:

6 0
3 years ago
Read 2 more answers
Joe sells his business to Shirley. During the negotiations, Joe negligently tells Shirley that the business has earned a profit
Dmitry [639]

Answer:

"Shirley did not actually rely on Joe's misstatement" is the correct answer.

Explanation:

  • Reliance means that the individual adopts a way to proceed due to various his/her confidence in a statement that she has established.
  • For lack of understanding to occur, a causal relationship may well have been formed between some of the claims as well as the determination of the authority concerned to implement the arrangement.
  • Because Shirley wasn't really conscious that someone had presented an argument, there would be no dependency. Therefore, she can't extrapolate a rescission upon this.

4 0
3 years ago
True or false: all investments eventually increase in value if held long enough.
ad-work [718]
All investments eventually increase in value if held long enough. False.
Securities fraud, also known as a stock fiddle and investment fraud, is a deluding practice in the stock or commodities markets that bring investors to have purchase or sale decisions on the basis of false information, frequently resulting in loses, in violation of ammunition constitution.
4 0
3 years ago
Baruk Industries has no cash and a debt obligation of $36 million that is now due. The market value of​ Baruk's assets is $ 81$8
Gre4nikov [31]

Answer and Explanation:

The given values are:

Debt obligation

= $36 million

Market value

= $81 ​million

Outstanding shares

= $10 million

(a)...

Net Assets of the firm will be:

= 81 - 36

= $45 \ million

Now, the current share price will be:

= \frac{45}{10} = $4.5 \ per \ share

(b)...

Number of shares to be issued to repay debt obligation will be:

= \frac{36}{4.5} = $8 \ million \ shares

(c)...

The total number of outstanding shares will be:

= 10+8

= $18 \ million

Now,

The Current share price will be:

= \frac{Net \ assets \ of \ the \ firm}{Total \ no \ of \ outstanding \ shares}

= \frac{81}{18}

= $4.5 \ per \ share

8 0
3 years ago
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