Jones company’s balance reflected estimated warranty payable of $1,000 credit at the end of 2018, the current year. during 2019, the following year, jones had sales of $100,000 and expects product warranties to cost the company 9% of sales. during 2019, jones paid $8,500 for warranties. what is jones estimated warranty payable balance at the end of 2019?
Solved
Show answers
More tips
- F Family and Home When and how to start introducing solid foods to your baby?...
- C Computers and Internet Keep Your Mouse Pad Clean: The Right Way to Clean It?...
- F Food and Cooking Homemade French Fries: The Ultimate Guide...
- F Food and Cooking Red Caviar: How to Choose the Best?...
- C Computers and Internet Clearing Cache: How to Speed Up Your Browser...
- S Style and Beauty How are artificial nails removed?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking Everything You Need to Know About Pasta...
Answers on questions: Business
- B Business At which restaurant are you more likely to receive excellent service (according to Online Reviews, where a rating of 5 or higher represents excellent service)...
- B Business Identify one recent change in the marketplace (purchasing habits or social, economic, and political events, for example) that you would like to explore....
- B Business Your investment club has only two stocks in its portfolio. $25,000 is invested in a stock with a beta of 0.7, and $35,000 is invested in a stock with a beta of 1.1. What is...
- B Business Darvelle previously worked in a traditional office building with private cubicles. He recently changed jobs to a tech start-up, and he is having trouble getting used to the...
- B Business odgkiss Mfg., Inc., is currently operating at only 96 percent of fixed asset capacity. Current sales are $860,000. Fixed assets are $510,000 and sales are projected to grow...
- B Business set is 10 years. The lease term is five years. The asset is expected to have a residual value of $2,200 at the end of 10 years. Using the straight-line method, what would Best...
- B Business A farmer is considering borrowing money from a bank. Given the following information: Initial loan amount is $52,000. The loan will be fully amortized in 3 years at 10% Marginal...
- B Business an overview of the potential agreement major regions and industries that would be positively affected tariffs or barriers to trade in place before the execution of this agreement...
- B Business Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you! What is a likely result of an increase in trade between nations? A. It will provide consumers...
- S Social Studies Sectionalism is loyalty to one region or section of a country. Prior to the Civil War, there was an increase in sectionalism in the United States as different parts of the...
Ответ:
$1,500 credit balance
Explanation:From the question above, Jones company had a warranty payable balance of $1,000 carried forward from 2018.
During the year 2019, total sales was $100,00 with 9% warranty cost on sales valued at $100,000 @ 9% = $9000.
During the year a total of $8,500 was paid out of the $9,000 leaving a balance of $500.
At the end of the year 2019, Jones company will have $1,500 payable warranty balance in its books.
Ответ:
b. 0.67
Explanation:
UCL = 1 + 0.10
= 1.10 inch
LCL = 1 - 0.10
= 0.9 inch
standard deviation = 0.005 inch
mean = 1 inch
Cpk
= min[(UCL - mean)/(3*standard deviation) , (mean - LCL)/(3*standard deviation))]
= min[(1.10 - 1)/(3*0.05) , (1 - 0.9)/(3*0.05))]
= min[0.67 , 0.67]
= 0.67
Therefore, Theprocess capability index (Cpk) if the long-run process mean is 1 inch is 0.67