Carpenter Inc

question 130

Multiple Choice

Carpenter Inc. had a balance of $80,000 in its quality-assurance warranty liability account as of December 31, 2017. In 2018, Carpenter's warranty expenditures were $445,000. Its warranty expense is calculated as 1% of sales. Sales in 2018 were $40 million. What was the balance in the warranty liability account as of December 31, 2018?

• A) $35,000.
• B) $425,000.
• C) $125,000.
• D) $480,000.

Discover the significance of collaborative participation in generating and refining solutions in team meetings.

Grasp the concept of electronic and silent brainstorming techniques for inclusive idea generation.

Understand the necessity of action-taking and information-sharing meetings for organizational problem-solving.

Understand various social influence techniques and their applications.

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Definitions:

Environmental Forces

External factors that impact an organization's ability to operate, including economic, political, legal, technological, and cultural elements.

Uncontrollable Factors

External elements that influence business operations and success, over which the company has no control, such as economic conditions, social trends, and natural disasters.

Marketing Mix

A mix of elements that a company can manage to sway customer buying behavior, consisting of product, price, place, and promotion.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale.