A company has a selling price of $1500 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 3% of all printers sold will be returned under the warranty at an average cost of $144 each. During November, the company sold 24,000 printers, and 340 printers were serviced under the warranty. What is the company's warranty expense for the month of November?
A. $47,000
B. $51,840
C. $48,960
D. $21,000
E. $103,680
Answer: E
You might also like to view...
In terms of trade areas, the owner of Bubba's Bar and Grille defines his ________ as the geographic area in which 70 percent of his customers live.
A. secondary trading area B. geographic market C. tertiary trading area D. fundamental market E. primary trading area
A company markets wild and crazy games for teens to play at parties. This is an example of a business market
Indicate whether the statement is true or false
The ________ view of management leads to tight control of employees at work.
A. collegial B. autocratic C. supportive D. custodial
All of the following are current assets except
A. office equipment. B. cash. C. prepaid insurance. D. accounts receivable. E. marketable securities.