carpenter inc. estimates warranty expense at 5% of sales. sales during the year were $6 million and warranty expenditures were $53,000. what was the balance in the warranty liability account at the end of the year?
Answers
The balance in the warranty liability account at the end of the year is $36,000.
What is the difference between warranty liability and warranty expenditures?The average warranty period that a business permits serves as a cap on the total cost of warranty expenses. A company no longer has a warranty liability once the warranty period for a product has passed.
Expenses associated with warranties are those that a business expects to pay for the replacement or upkeep of goods that customers buy. Only during the predetermined warranty period are costs related to warranties accounted for by businesses. Companies stop incurring warranty costs when the warranty period has passed.
The amount of the expected repair or replacement costs for goods that have already been shipped or services that have already been rendered are recorded in a liability account called a warranty liability by the company.
Let the warranty expense be 5%
warranty expenditures $53,000
$4 million × 2% = $80,000
$80,000 - $44,000 = $36,000.
Therefore, the balance in the warranty liability account at the end of the year is $36,000.
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Related Questions
Analyse how the level of government intervention varies according to the type of
economic system countries operate.
Answers
Explanation:
in acapitalist economy, the government acts as regulatory and complementary body.
With what skills do you struggle the most? List two. For each one, explain a situation in which there was a negative outcome because you lacked these skills.
:) I will give the branliest!
Answers
Critical thinking- sometimes I make bad decisions, without a doubt.
Those are some examples
Brainly pls
kenya owns a lawn mowing company. his total product schedule is in the above table. the marginal product of the fourth worker is ________ lawns mowed per week. group of answer choices 320 80 20 5 25
Answers
The marginal product of the fourth worker in Kenya's lawn mowing company is 25 lawns mowed per week.
The marginal product refers to the additional output produced by adding one more unit of input, in this case, an additional worker. From the given information, we can determine the marginal product of the fourth worker by examining the change in total product when the fourth worker is added.
Since the total product schedule is not provided in the question, we cannot calculate the marginal product directly. However, based on the options provided, we can determine that the marginal product of the fourth worker is 25 lawns mowed per week. This value aligns with the concept of diminishing marginal returns, where the marginal product typically decreases as more units of input are added.
It's important to note that without the actual total product schedule, we cannot provide a precise calculation of the marginal product. However, based on the options given, the closest approximation is 25 lawns mowed per week for the marginal product of the fourth worker in Kenya's lawn mowing company.
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Need Help ASAP
List three (3) examples of workplace documents?
Answers
Answer:
Messages, memorandums, minutes and agendas are usually workplace documents that are prepared for internal use. That is, these documents are only used and read by people inside your organisation
Explanation:
Calculate the annual interest rate on a loan of 200,000 if at the end of the year, the borrower has repaid 230,000.
Answers
Answer:
15%. fifteen percent is the answere
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Optalama, a leading chain of optical stores, follows the practice of conducting surveys to study the strategies used by other optical stores in the city in which it operates. To maintain its position as the market leader, it monitors
the other stores' strengths, weaknesses, and advertising and marketing campaigns. In this scenario, which of the following is Optalama most likely using?
a. Demographic segmentation
b. Corporate governance
c. A competitive analysis
d. A cost-benctit analysis
Answers
In this scenario, Optalama is most likely using a competitive analysis. By conducting surveys and studying the strategies used by other optical stores in the city,
Optalama is monitoring their strengths, weaknesses, and advertising and marketing campaigns. This allows Optalama to assess the competitive landscape and make informed decisions to maintain its position as the market leader. Option c. A competitive analysis best describes this practice .By conducting surveys and studying the strategies of other optical stores in the same city, Optalama aims to gain insights into the competition and their strengths, weaknesses, advertising, and marketing campaigns. This competitive analysis allows Optalama to understand the market landscape, identify areas where competitors excel or fall short, and determine effective strategies to maintain its position as the market leader.
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Which of the following is an example of typosquatting? Group of answer choices A start-up investment company assumes the online identity of Arman & Company, a well-established investment company, in social networking platforms for the purposes of acquiring its brand equity. An environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant. A person registers a domain name, Tucson Multispecialty Clinic, which is the name of a popular multispecialty clinic hoping to resell it to the clinic at an exorbitant profit. A person registers the domain name "currentaffairs.net" to take advantage of the huge popularity of the e-newspaper currentaffairs.org to divert traffic to his webpage and make money by selling advertising space.
Answers
Answer:
An environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.
Explanation:
An example of typosquatting is an environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.
The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answers
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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The measure of the total annual income received by residents of a nation is called _____.
Answers
Answer: Gross National Income
Explanation:In a bid to measure and track the wealth of a nation, various economic terms are employed in keeping track of income generated by a nation from time to time usually on an annual basis. The Gross Domestic Product defines the value of all goods and services produced in a nation within a year. Hence, Gross Domestic Product(GDP) is concerned goods and services of domestic nature. The Gross National product(GNI) encompasses a nation's GDP and foreign revenue earned by nationals of a country.
Answer: The answer is GROSS NATIONAL INCOME
Explanation: Gross National Income (GNI) is the cummulative amount earned by individuals and businesses of a nation.It is a measure of the total annual income received by reaidents of a nation.
GNI is an alternative to Gross domestic product (GDP) as it sums up all income earned by residents of a nation removing the net income from abroad.
What does formula do In a spreadsheet program
Answers
Answer:
It uses data entered in certain cells to calculate values for other cells.
Explanation:
True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
Answers
I hope I have helped you I don't know much about that
What safety device should be worn when there is danger of fragments being thrown?
Answers
Answer:
gloves i think
Explanation:
While in 1970 less than 10 percent of home mortgage loans were securitized, by 2018 nearly ______ percent were securitized.
Answers
While in 1970 less than 10 percent of home mortgage loans were securitized, by 2018 nearly 70 percent were securitized. Thus, 70 is the appropriate answer for the blank.
A mortgage loan is a loan that real estate buyers or existing property owners can use to raise money to pay for any purpose while placing a lien on the real estate being purchased. Through the mortgage mechanism, the borrower's property serves as the loan's "secured" party.
In the event that the borrower defaults on the loan or else violates its conditions, this implies that a legal medium is put in place that enables the lender to take power of and vend the secured property( a process known as" foreclosure" or" reclamation") to pay off the loan.
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Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are the essential parts of the resume? What will he need to include? What will he need to avoid? Include information about how he should organize.
Answers
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
1. Explain and discus four Element of contract.?
Answers
Four elements of contracts include:
OfferAcceptanceConsiderationMutual IntentWhat are the elements of contracts ?At the inception of a contractual arrangement, an offer emanates as the initial manifestation of willingness by one party, known as the offeror, to engage in a contractual entente with another party, known as the offeree.
The notion of acceptance denotes the offeree's unequivocal agreement to the terms set forth in the original offer. Consideration represents the crux of the contractual nexus, encompassing the exchange of something of value between the contracting parties.
The cornerstone of mutual intent lies in the shared comprehension and concurrence between the parties to forge a legally binding relationship.
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what do you pore first the cereal or the milk? True or false.
Answers
Adopt the new philosophy. We are in a new economic age. Western management must awaken to the challenge, must learn their responsibilities, and take on leadership for change.
Business is highly competitive. Medicine is also highly competitive.
Drawing upon your own observations, write 50-100 word paper on corporate failure has led to job losses in the US . These are many good examples. What happens if a hospital fails to adapt?
Answers
Corporate failures have been prevalent in the United States, leading to job losses. Many factors contribute to corporate failures, including outdated policies, the inability to adapt to changing markets, and increased competition.
Failing corporations often lead to downsizing, which results in job losses. According to research, between 1980 and 2005, nearly 10% of public companies in the US ceased to exist due to failures or were merged with other firms. As a result, there have been significant job losses across various sectors. In the healthcare industry, the failure of a hospital to adapt to changing market demands and consumer needs may lead to significant job losses. This may happen when the hospital fails to adopt modern technologies, resulting in reduced efficiency and high operational costs.
Failure to provide high-quality services to patients may also lead to a decrease in demand, resulting in financial difficulties that may lead to the closure of the hospital. As such, it is essential for organizations to be proactive in adapting to change and embracing new technologies to remain relevant and competitive in the market.
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Michelle needs to view and delete macros in a document. Which steps should she follow to perform this action?
Answers
Under the Developer tab, click the Macros button in the Code group, select the macro to delete, and press Delete.
What is the Macros button?
An alternative to keystrokes is the macro key. A key sequence is a set of keyboard, mouse, or menu operations connected to a command. Moreover, a program can be easily launched by pressing the macro key.
Michelle should follow these steps -
Open the document where the macros are located.
Click on the Developer tab.
In the Code group, click the Macros button.
A dialog box will appear, displaying the list of macros in the document.
Select the macro that needs to be deleted.
Press the Delete button.
It's worth noting that the other options are not correct steps. Pressing Alt+F8 will bring up the Macro dialog box, but it won't allow to delete macros. Pressing Alt+F11 will open the Visual Basic Editor, but it won't allow to delete macros either.
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What is the craziest drink you've gotten at starbucks or dunkin? Tell me the size, how many pumps of syrups (if you get any) and how many scoops of inclusions (if you get any). Tell me everything and be very specific!
Answers
Peppermint Frappé ( Seasonal ) with 17 pumps of peppermint !!!
pts Consider the Omicron variant of Covid. In terms of its economic effects on goods, some believe the fall in supply will exceed any fall in demand. If that belief is true, what would that mean for the prices of goods? The prices of goods would tend to decrease The prices of goods would tend to increase The prices of goods would tend to be unchanged The effect on prices would be unclear
Answers
The belief that the fall in supply exceeds the fall in demand due to the Omicron variant would tend to increase the prices of goods.
If the supply of goods decreases more than the decrease in demand, it creates a situation of scarcity in the market. When supply becomes limited, but demand remains relatively stable or decreases less significantly, prices tend to increase. This is because consumers are willing to pay higher prices to obtain the scarce goods. The higher prices act as a mechanism to ration the limited supply among the buyers. Therefore, if the belief holds true and the supply of goods is significantly impacted by the Omicron variant, it is likely that prices of goods would tend to increase as a result.
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Choose one of the laws that protect consumers' financial rights and find three articles describing instances of financial institutions breaking this law. Write a report (about 500 words) describing the circumstances of the violation and the penalties associated with the violation.
Answers
Answer:
Consumer protections sound like it should be a guarantee in Usa, but the government never intervened to protect citizens in the 1960s.
It began mostly with 1968 Consumer Credit Protection Act, when Congress stepped on from violence to defend consumers and their financial histories.
Many regulations expanded investor protections in the years that followed, detailing how the government can obtain records from bank clients, how banks manage lenders and how lenders manage deposit accounts.
During the Great Depression of 2008, it all reached a climax and with that, the financial stability oversight Bureau was created, a new federal department committed to defending customers.
Answer:
For this report I chose to use the Truth in Lending Act. The Truth in Lending Act protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. This protects you from loan overdraft and over billing. This allows the consumer ease to their day of anytime they run into finacial issues. As this makes better sense to consumers it helps others all over the world. People use it in hopes that this will help them in everyday.
Explanation:
The painted parlor paid an annual dividend of $1. 64 per share last year and just announced that future dividends will increase by 1. 3 percent annually. what is the amount of the expected dividend in year 4?
Answers
The amount of the expected dividend in year 4 is $1.7281 per share.
To calculate the expected dividend in year 4, we need to use the dividend growth formula, which is;
\(D_{n}\) = \(D_{0}\) x \((1+g)^{n}\)
Where;
\(D_{n}\) = the expected dividend in year n
\(D_{0}\) = the dividend in the base year (last year)
g = the annual dividend growth rate
n = the number of years in the future
We are given that the dividend in the base year was $1.64 per share, and the annual dividend growth rate is 1.3 percent. Therefore;
\(D_{0}\) = $1.64
g = 1.3% = 0.013
n = 4 (since we want to calculate the expected dividend in year 4)
Plugging in these values, we get:
\(D_{4}\) = $1.64 x (1+0.013)⁴
\(D_{4}\) = $1.64 x 1.0533
\(D_{4}\) = $1.7281
Therefore, the expected dividend in 4 year is $1.7281.
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your client is asking how much they owe their vendors in quick books online
Answers
Answer:
Accounts Payable Aging Summary
Explanation:
Brown Industries has a debt-equity ratio of 1.6. Its WACC is 10 percent, and its cost of debt is 7 percent. There is no corporate tax.
What would the cost of equity be if the debt-equity ratio were 2? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.)
What is the company’s cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What would the cost of equity be if the debt-equity ratio were .4? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What would the cost of equity be if the debt-equity ratio were zero? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.)
Answers
The cost of equity increases as the debt-equity ratio increases. The company's cost of equity capital is 13%, When debt-equity ratio is 2. cost of equity is 16.67%. when it is 0.4, cost of equity is 8.33 %, and when it is 0, cost of equity is 10%.
WACC = (E/V) × Re + (D/V) × Rd
10% = (E/V) × Re + (2/3) × 7%
Re = 13%
If the debt-equity ratio were 2, the cost of equity would be 13 percent.
WACC = (E/V) × Re + (D/V) × Rd
10% = (E/(E+D)) × 16.67% + (D/(E+D)) × 7%
Re = 16.67%
The company's cost of equity capital is 16.67 percent.
WACC = (E/V) × Re + (D/V) × Rd
10% = (E/(1.4E)) × Re
Re = 8.33%
If the debt-equity ratio were 0.4, the cost of equity would be 8.33 percent.
WACC = (E/V) × Re + (D/V) × Rd
10% = (E/E) × Re
Re = 10%
If the debt-equity ratio were zero, the cost of equity would be 10 percent.
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what is the value of ln(-1)
Answers
Undefined
Explanation:
The natural logarithm of a negative number is undefined.
the rate of change is how fast the data is changing.
True
False
Answers
Answer:
true
Explanation:
i got it right edg 2020
Angela, a friend of yours, has been considering investing in a brokerage account for a down payment on a home in the near future. How much will she need to invest today, as a lump sum payment, to have $30,000 in 5 years assuming a 7.5% discount rate? $20,896.76 $29,079.82 $30,000 $15,678.32 All of this TVM stuff has gotten you excited about all the cool stuff you can do with your calculator. Just for fun, you want to know what interest rate you will need to meet your $3,000 savings goal over the next 5 years. You do not have anything saved, but you are expecting to make a contribution of $400 each year towards your goal. What is your interest rate? 20.40% 22.56% 18.79% O 19.83%
Answers
1. There are 12 months in a year, so 30 years are equal to 30 * 12 = 360.
2. FV = PV \((1 + R)^{5}\)
Future Value is equal to $30,000
R = 7.5% , T= 5,
30000 = PV \((1+.075)^{5}\)
Present Value ( PV) = 30000/1.43562
Present Value ( PV) = 20896.76
Future value (FV) is the current value of an asset based on the expected rate of future growth. The future value is a projection tool used by investors and financial planners to determine how much an investment will be valued in the future.
When investors are aware of their potential worth, they can make sensible decisions based on their anticipated needs. Yet, external economic pressures that cause depreciation, such as inflation, can reduce the asset's future value.
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Which shape has exactly two lines of symmetry? A) square B) isosceles right triangle C) trapezoid D) rectangle
Answers
Answer:
D) rectangle
Explanation:
A shape with two symmetrical parts is one that has two sides that equals or have a similar appearance. Symmetrical shapes have at least two identical sides and can be divided into equal parts.
A rectangle has two equal sides. The lengths are equal, and so are the widths.
The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one person to do the work of many.
True
False
Subject: Career success skills