subject
Business, 19.02.2021 03:50 bellalemieux

Nutramint Inc. had a balance of $175,000 in its warranty liability account as of December 31, 2018. In 2019, Nutramint's warranty expenditures were $125,000. Its warranty expense is calculated as 1% of sales, and Sales in 2019 were $10 million. What was the balance in the warranty liability account as of December 31, 2019

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 14:50
Morris borrowed $9,000 from a credit union at 13% simple interest for 42 months. what were his money installment payments?
Answers: 3
question
Business, 21.06.2019 19:20
What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t
Answers: 3
question
Business, 21.06.2019 20:20
If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.
Answers: 3
question
Business, 22.06.2019 15:30
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
Answers: 3
You know the right answer?
Nutramint Inc. had a balance of $175,000 in its warranty liability account as of December 31, 2018....
Questions
question
Social Studies, 21.09.2019 21:30
question
Social Studies, 21.09.2019 21:30