Business, 07.11.2019 23:31 EggWithWheels
Ez wheels corporation manufactures kick scooters. the company offers a one-year warranty on all scooters. during 2017, the company recorded net sales of $1,900 million. historically, about 4% of all sales are returned under warranty and the cost of repairing and or replacing goods under warranty is about 30% of retail value. assume that at the start of the year ez wheels’ balance sheet included an accrued warranty liability of $16.3 million and at the end of the year, the accrued warranty liability balance was $12.4 million.
how much did ez wheels pay during the year to repair and or replace scooters under warranty?
select one:
a. 12.4 million
b. 22.8 million
c. 76.0 million
d. 26.7 million
e. none of the above
Answers: 2
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Business, 22.06.2019 15:30
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Answers: 3
Ez wheels corporation manufactures kick scooters. the company offers a one-year warranty on all scoo...
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