Buy Best Company Sells Personal Computers for $2,300 Each

question 98

Essay

Buy Best Company sells personal computers for $2,300 each.The price includes a two-year warranty.During 2015,the company sells 600 computers.On the basis of past experience,the warranty costs are estimated to be $150 per computer.The actual warranty costs paid by Buy Best during 2015 were $45,000.Prepare general journal entries to record the estimated warranty expense and the warranty payments during 2015.

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Definitions:

Transactional Leader

focuses on the exchanges that occur between leaders and their followers, emphasizing the completion of tasks and adherence to organizational policies.

Gandhi

An influential leader and the preeminent figure of the Indian independence movement, known for his philosophy of non-violent resistance.

Styles Of Leadership

Different approaches and methods by which people lead others, including autocratic, democratic, and laissez-faire styles.

Assessment Instrument

A tool or method used to evaluate, measure, or appraise a particular characteristic, ability, or quality in individuals or groups.