subject
Business, 08.06.2021 15:50 ayoismeisalex

A company begins operations in Year 1 and offers a one-year warranty on all products sold. Total appliance sales in Year 1 are $1,600,000, and the company estimates future warranty costs in Year 2 to be 2% of current sales. Actual warranty costs in Year 2 are $25,000. Also in Year 2, the company has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in Year 2 to be 1.5%. Exercise 8-15B Part 4 4. What is the balance in Warranty Liability at the end of Year 1 and Year 2

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:00
2standard deviation a particular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?
Answers: 2
question
Business, 22.06.2019 07:40
Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?
Answers: 1
question
Business, 22.06.2019 17:30
Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.
Answers: 2
question
Business, 22.06.2019 20:30
Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
You know the right answer?
A company begins operations in Year 1 and offers a one-year warranty on all products sold. Total app...
Questions
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Social Studies, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Biology, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 05:01
question
Mathematics, 11.09.2020 06:01
question
History, 11.09.2020 06:01
question
History, 11.09.2020 06:01
question
Mathematics, 11.09.2020 06:01
question
English, 11.09.2020 06:01
question
Mathematics, 11.09.2020 06:01
question
Mathematics, 11.09.2020 06:01
Questions on the website: 13722363