Ace Appliances Sells Dishwashers with a 3-Year Warranty

question 29

Multiple Choice

Ace Appliances sells dishwashers with a 3-year warranty.In 2013,there are $90,000 of sales revenues for dishwashers.The company estimates warranty expense at 3% of revenues.What is the 2013 warranty expense?

• A) $2,700
• B) $800
• C) $0
• D) $3,000

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Definitions:

Basic Demographic

Fundamental population characteristics such as age, sex, and race used in analysis and policy development.

World Population

The total number of humans currently living on Earth, a figure that is continually monitored and projected.

Urban Sprawl

A derogatory term for the expansion of urban or suburban boundaries, associated with irresponsible or poorly planned development.

Conflict Theory

A paradigm that sees social conflict as the basis of society and social change, and that emphasizes a materialist view of society, a critical view of the status quo, and a dynamic model of historical change.