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.

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Definitions:

Painting Department

The painting department within a manufacturing or production setting is the section responsible for applying paint and coatings to products as part of the finishing process.

Solver

In mathematics and computing, a solver is an algorithm or program that finds the solution to a problem or equation.

Number of Hours

A quantitative measure indicating the total amount of time expressed in hours.

Monthly Profit

The financial gain or loss realized from business operations and transactions over the course of a month.