Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on july 15,2024, thompson electronics sells 8,000

On July 15,2024, Thompson Electronics sells 8,000 smartphones at an average price of $700 each....

70.2K

Verified Solution

Question

Accounting

On July 15,2024, Thompson Electronics sells 8,000 smartphones at an average price of $700 each. The product includes a one-year warranty on parts. Historical data suggests that 3% of the smartphones sold will require warranty repairs, with an average repair cost of $150 per unit. How much should Thompson Electronics estimate for warranty costs to accrue for this sale?
Responses
$36,000
$36,000
$12,500
$12,500
$100
$100
$3,125

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In the cross between two individuals heterozygous for two different traits, it is expected that...

Biology
Q

5 A capacitor of capacitance C is charged up 90 V and then connected to...

Physics
Q

Sketch an angle 8 in standard position such that has the least possible positive measure...

Basic Math
Q

me demand for a certain portable USB battery charger is given by D p 4p...

Basic Math
Q

A pharmaceutical company wants to test the effectiveness of a new allergy drug. The company...

Basic Math
Q

For the following trajectory find the speed associated with the trajectory and then find the...

Calculus
Q

What is the quotient of x3 3x2 5x 3 x 1 Ox 2x 3 Ox...

Algebra
Q

Let's assume you borrowed $4000 from Wells Fargo Bank on July...

Accounting
Q

1. Sales budget: 2. Cash receipts budget: Required information [The following information applies to the...

Accounting
Q

Los dos enfoques utilizados para el costeo de subproductos son: Opcin multiple Enfoque...

Accounting
Q

The Novak Division operates as a profit center. It reports the following for the year...

Accounting
Q

Which of the following questions are addressed by financial managers? How should a product be...

Finance