On October 10,2013,Printfast Company Sells a Commercial Printer for $2,350

question 117

Multiple Choice

On October 10,2013,Printfast Company sells a commercial printer for $2,350 with a one-year warranty that covers parts.Warranty expense is projected to be 4% of sales.On February 28,2014,the printer requires repairs.The cost of the parts for the repair is $80 and Printfast pays their technician $150 to perform the repair.
-What warranty expense is recorded for this printer during 2014?

• A)$14.00.
• B)$84.80.
• C)$94.00.
• D)$0,there is no expense in 2014.
• E)$230.00.

---

Definitions:

Management Structure

The organizational framework defining the hierarchy of authority, roles, and responsibilities within a company.

Company's Mission

A statement that outlines the goals and values of a company, guiding its direction and decision-making processes.

Prospective Employer

An organization or individual that may potentially hire someone for a job position.

Potential Employer

An organization or individual considering hiring someone for a job position.