A company has a selling price of $1,800 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $150 each. During November, the company sold 30,000 printers, and 400 printers were serviced under the warranty. What is the company's warranty expense for the month of November?
A. $26,000
B. $45,000
C. $55,000
D. $90,000
E. $60,000
Answer: D
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Answer the following statement(s) true (T) or false (F)
Entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do.