A Company Sells Computers at a Selling Price of $1,800

question 25

Multiple Choice

A company sells computers at a selling price of $1,800 each.Each computer has a 2 year warranty that covers replacement of defective parts.It is estimated that 2% of all computers sold will be returned under the warranty with an average cost of $150 each.During November,the company sold 30,000 computers and 400 computers were serviced under the warranty during November at a total cost of $55,000.The balance in the Estimated Warranty Liability account at November 1 was $29,000.What is the company's warranty expense for the month of November?

• A)$26,000
• B)$45,000
• C)$55,000
• D)$60,000
• E)$90,000

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Definitions:

Human Resources Information Systems

Integrated systems used to gather, store, and analyze information regarding an organization’s human resources.

Career Paths

Lines of advancement in an occupational field within an organization.

Job Requirements

The specific qualifications, skills, and experiences required to be eligible for a particular job position.

Public Employment Agencies

Government-run organizations that help match job seekers with employers, often providing additional resources like career counseling and training programs.