Bike World Offers Warranties on All Their Bikes

question 9

Multiple Choice

Bike World offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2013, the Estimated Warranty Payable account had a credit balance of $1,200. During the year, Bike World had $295,000 of sales, and had to pay out $5,300 in warranty payments. At the end of the year, what is the closing balance in the Estimated Warranty Payable accounts?

• A)$6,225
• B)$6,500
• C)$9,125
• D)$10,325

Identify the importance of treatment accessibility and the advent of modern therapy methods.

Understand the effectiveness of psychotherapy across different cultures and its adaptability to cultural values.

Acknowledge the relevance of treatment choice based on the nature of the problem and the evidence on therapeutic outcomes.

Understand the concept of nonverbal communication and its gender differences.

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Definitions:

Department Manager

An individual who is in charge of a specific department within a company, overseeing its operations, budget, and staff.

Human Resources

The department within an organization that is responsible for managing employment-related functions such as hiring, training, benefits, and compliance with labor laws.

Pay Scales

Pay scales refer to the structured system that determines the salary range for different positions or levels of responsibility within an organization.

Department Manager

A person in charge of overseeing the operations, personnel, and budget of a specific department within an organization.