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

question 160

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 is the warranty liability for this printer at the at the end of 2014?

• A)$14.00.
• B)$84.80.
• C)$94.00.
• D)$0,there is no liability at the end of 2014.
• E)$230.00.

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Definitions:

Effective Management Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve the desired objective efficiently.

Participation And Involvement

The act of taking part or becoming actively engaged in a particular activity, process, or decision-making, typically aiming for a collective goal.

Personal Development

The process of improving oneself through such activities as enhancing employment skills, increasing consciousness, and building wealth.

Management By Objectives

A performance management framework where managers and employees work together to identify and set measurable goals to guide work activities.