At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 9% of net sales. Net sales made under warranty in 2021 were $193 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $4.80 million. The amount of warranty expense on Angel's 2021 income statement is:
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Business, 22.06.2019 11:00
Acoase solution to a problem of externality ensures that a socially efficient outcome is to
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Business, 22.06.2019 12:10
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The...
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