Franconia Sales Offers Warranties on All Their Electronic Goods $$\begin{array} { | l | r | r | } \hline \text { Estimated warranty payable } & 7,500 & \\\hline \text { Cash } & & 7,500 \\\hline\end{array}$$

question 137

Multiple Choice

Franconia Sales offers warranties on all their electronic goods.Warranty expense is estimated at 2% of sales revenue.In 2013,Franconia had $500,000 of sales.In the same year,Franconia paid out $7,500 of warranty payments.
-Which of the following is the entry needed to record the estimated warranty expense?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Estimated warranty payable } & 7,500 & \\
• \hline \text { Cash } & & 7,500 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Warranty expense } & 7,500 & \\
• \hline \text { Estimated warranty payable } & & 7,500 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Warranty expense } & 10,000 & \\
• \hline \text { Estimated warranty payable } & & 10,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Warranty expense } & 10,000 & \\
• \hline \text { Sales revenue } & & 10,000 \\
• \hline
• \end{array}\]

Understand how testosterone concentrations are regulated by negative feedback mechanisms.

Identify reproductive structures and match them with their descriptions or functions.

Explain the process and location of spermatogenesis.

Understand the process and location of oogenesis.

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Definitions:

Free Trade

A policy to eliminate discrimination against imports and exports, allowing goods to move freely across borders without tariffs, quotas, or other restrictions.

Quantity Demanded

The specific amount of a good or service that consumers are willing to buy at a given price, holding other factors constant.

United States

A country located in North America, consisting of 50 states and a federal district, known for its significant influence on world economics, politics, and culture.

Excess Demand

A market condition in which the quantity demanded of a product exceeds the quantity supplied at a given price.