During June, Blast sold 800 portable CD players for $50 each. Each CD player cost Blast $25 to purchase and carried a one-year warranty. If 10 percent typically need to be replaced over the warranty period, what amount should Blast debit Product Warranty Expense for in June?
A) $4,000
B) $400
C) $2,000
D) $1,000
C
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Windsor Enterprises, a subsidiary of Kennedy Company based in New York, reported the following information at the end of its first year of operations (all in British pounds): assets--338,000; expenses--360,000; liabilities--101,000; capital stock--80;000, revenues--517,000 . Relevant exchange rates are as follows: On date subsidiary stock was purchased ................ $2.05 Average rate for the
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