Kristin company sells computers with a 6-month warranty it

Assignment Help Accounting Basics

Reference no: EM13595628

Kristin Company sells computers with a 6-month warranty. It is estimated that 2% of all units sold will need repairs under warranty at an estimated cost of $200 per unit. During January, the company sold 100,000 computers at $1,750 each, and 1,500 computers were turned in for repairs during that same month. The total actual repairs costs amounted to $185,000 from the computer parts inventory. The balance in the Estimated Warranty Liability Account on January 1 was $15,000. What is the balance in the Estimated Warranty Liability Account at the end of January?

Reference no: EM13595628

Questions Cloud

A molecule having a molar mass of 1328 gmol crystallizes to : a molecule having a molar mass of 132.8 gmol crystallizes to a cubic solid where each edge of the unit cell is 686.0

Companys bonds payable has a balance of 1000000 and : companys bonds payable has a balance of 1000000 and discount on bonds payable has a balance of 12500. if the issuing

The spectrum of mercury contains a line at 4358 nm in the : question the spectrum of mercury contains a line at 435.8 nm in the blue region of visible light. what is the

What is the standard change in gibbs free energy of this : at 25 degc the equilibrium partial pressures for the following reaction were found to be pa 8.00 atm pb 5.40 atm pc

Kristin company sells computers with a 6-month warranty it : kristin company sells computers with a 6-month warranty. it is estimated that 2 of all units sold will need repairs

The mixture freezes at 627 degrees celcius the freezing : when 13.66 g of lactic acid c3h6o3 is mixed with 115 g of stearic acid the mixture freezes at 62.7 degrees celcius. the

For a particular reaction deltahdeg is 201 kj and s is 459 : for a particular reaction deltahdeg is 20.1 kj and deltas is 45.9 jk. assuming these values change very little with

Determine the limiting reagent when 5000ml of 00100m : potassium iodate reacts with potassium iodide and hydrochloric acid to produce iodine water and potassium chloride.

Only one of each of the following pairs of reactants : only one of each of the following pairs of reactants undergoes a reaction. complete and balance the equation for the

User Account

All Pages