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Alina [70]
3 years ago
11

A company has a selling price of $1,950 each for its printers. Each printer has a 2 year warranty that covers replacement of def

ective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $153 each. During November, the company sold 33,000 printers, and 430 printers were serviced under the warranty at a total cost of $58,000. The balance in the Estimated Warranty Liability account at November 1 was $30,500. What is the company's warranty expense for the month of November?
Business
2 answers:
Mnenie [13.5K]3 years ago
7 0

Answer:

$100980

Explanation:

RoseWind [281]3 years ago
5 0

Answer

The company’s warranty expense for the month of November is:

$100,980

Explanation:

In this question, we are asked to calculate the company’s warranty expense for the month of November;

We proceed as follows;

Firstly, we identify the total number of printers sold by the company in the month of November. This is 33,000 printers according to the question

Now to calculate the warranty expense for the Month of November, we use the mathematical expression below;

Warranty expense = number of printers sold * percentage of printers to be returned * average cost of the printers

We identify that the percentage of printers returned is 2% while the average cost of the printers is $153. We plug these values alongside the number of printers sold into the equation.

Warranty expense for the month of November = 33,000 * 2% * 153 = $100,980

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It is D. There are 12 months in a year and she needs to save atleast 9,000. 
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7 0
3 years ago
Read 2 more answers
Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increa
Mrrafil [7]

Answer:

$99,000

Explanation:

According to the scenario, computation of the given data are as follows,

         Net income  = $55,000

Add- Depreciation expense = $70,000

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Add- accounts payable = $11,000

Add- Income tax payable = $13,000

Total = $99,000

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4 0
3 years ago
How would a low-cost price leader enforce its leadership through implied threats to a rival? provide at least one example of suc
GREYUIT [131]
<span>Low-cost price leaders normally employ such strategies as price-matching to direct more sales to them and away from rivals. This is the used by Wal-Mart as it redirects sales to it self from rivals like Aldi, best -buy and other retailer. Amazon employs this strategy as well by asking customers to report lower prices online.</span>
3 0
3 years ago
A firm has a current price of $40 a share, an expected growth rate of 11 percent and expected dividend per share (D1) of $2. Giv
Xelga [282]

Answer:

d. 16% - buy

Explanation:

R = (D1 / P0) + g

Where, R=Expected Return, P0 = Current Market Price = $40, D1=Expected Dividend=$, g = Expected Growth Rate = 11% = 0.11

Expected Return = R = ($2/$40) + 11%

R = 0.05 + 0.11

R = 0.16

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Expected Return is higher than the required return of 12%.  Hence, it should be bought (it is expected to give higher return than required)

7 0
3 years ago
Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory wa
Dimas [21]

Answer:

COGS= $598,020

Explanation:

Giving the following information:

Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use.

We need to deduct the inventory used for personal use.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 67,000 + 610,000 - 77,200 - 1,780

COGS= $598,020

3 0
3 years ago
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