What Warranty Claim

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What is the probability that none of these cars requires

Ask: What is the probability that none of these cars requires warranty service?

How do we answer these questions?

Electronics4u manufactures high-end whole home electronic systems. the company provides

Ask: Electronics4u manufactures high-end whole home electronic systems. the company provides a one-year warranty for all products sold. the company estimates that the warranty cost is $200 per unit sold and reported a liability for estimated warranty costs $6.5 million at the beginning of this year. if during the current year, the company sold 50,000 units for a total of $243 million and paid warranty claims of $7,500,000 on current and prior year sales, what amount of liability would the company report on its balance sheet at the end of the current year

Answer:

Electronics4U manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that the warranty cost is $200 per unit sold and reported a liability for estimated warranty costs $6.5 million at the beginning of this year. If during the current year, the company sold 50.000 units for a total of $243 million and paid warranty claims of $7,500,000 on current and prior year sales, what amount of liability would the company report on its balance sheet at the end of the current year? Show all work either through T-account or formula.

Explanation:

PA BRAINLESS PLSS

what is variations of warranty?​

Ask: what is variations of warranty?

Answer:

Four common types of warranties are the express warranty, implied warranty, extended warranty, and special warranty deed. An expressed warranty guarantees that a product will meet certain conditions of quality and performance. An implied warranty is a warranty that guarantees that the product will function as designed.

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Explanation:

I hope it helps you

what does it mean if the warranty seal is broken​

Ask: what does it mean if the warranty seal is broken​

_________Quistion____________

what does it mean if the warranty seal is broken

_________Answer_____________

the mean of warranty seal if it broken is manufacturer’s warranties and any extended warranties intact. … This warranty shall not apply if this product . . . is used with products not sold or licensed by [company name].

____________________________

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5. Which of the following is a characteristic of the

Ask: 5. Which of the following is a characteristic of the accrual
of warranty but not the sale of warranty?
a. Warranty liability
b. Warranty expense
c. Unearned warranty revenue
d. Warranty revenue​

Answer:

A or C

Explanation:

but the better answer is C

What is the benefits of product warranty?​

Ask: What is the benefits of product warranty?​

Answer:

Customer Satisfaction

Peace of Mind

Decrease total cost of ownership

Explanation:

Product warranties are beneficial to both the customers and the business owners because: They set expectations. Customers know what they’re getting into if they ever need to fix or return the products. They protect both parties.

The most important aspect of an extended warranty is peace of mind

good warranty will decrease total cost of ownership since it will eliminate or at least mitigate cost beyond maintenance and repairs related to normal wear and tear.

The following information is available for simon company after its

Ask: The following information is available for simon company after its first year of operations: income before taxes 250,000 federal income tax payable 104,000 deferred income tax (4,000) income tax expense 100,000 net income 150,000 simon estimated its annual warranty expense as a percentage of sales. the amount charged to warranty expense on its books was 95,000. assuming a 40% income tax rate, what amount was actually paid this year for warranty claims

Answer:

Explanation:

Answer:

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Which of the following is a characteristic of the accrual

Ask: Which of the following is a characteristic of the accrual of warranty but not the sale of warranty?

Answer:

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Explanation:

Which of the following is a characteristic of the accrual

Ask: Which of the following is a characteristic of the accrual warranty but not the sale of warranty?

Answer:

Unearned warranty revenue

Explanation:

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what is a warranty by the way?

Ask: what is a warranty by the way?

Answer:

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Explanation:

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Not only you can get the answer of what warranty claim, you could also find the answers of what is variations, what does it, Electronics4u manufactures high-end, 5. Which of, and What is the.