andrwisawesome0
15.04.2020 •
Business
Talks-A-Lot, Inc. sells cell phones to customers and expects that 5% of phones sold will be returned for repair under its warranty program. The average repair cost is $76 per phone. For 2021, Talks-A-Lot has sold 680 cell phones and has repaired 6 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021?
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Ответ:
Warranty liability $2,128
Explanation:
680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability
6 phones were repaired during the year x $76 = $456
remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128
total outstanding warranty liability = $2,128
Since phone warranties last less than a year, the full amount should be recorded under current liabilities.
Ответ:
National employment is employment generated and given in different areas of a country by a national employer, corporation, group, industry, association or government of national unity. A critical aspect of the economic structure is national employment.
Regional employment is employment generated and supported in a regional area of a nation by a regional employer, corporation, group, industry, association, or regional unity government. A critical aspect of the economic structure is regional employment.
Explanation:
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