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7. The Pink Cadillac car dealership provides warranty work on all vehicles sold. The entityʼs past
experience has indicated the following:
-60% of cars sold in a year have zero defects
-25% of cars sold in a year have normal defects
-15% of cars sold in a year have significant defects.
It is estimated that a vehicle with normal defects will incur $3,000 in costs and a vehicle with
significant defects will incur $12,000 in costs.
During the current year, PC sold 80 vehicles and incurred $70,000 in actual costs. With an
opening balance of $40,000 in the warranty provision account, what would be the balance at
the end of the current year and how much warranty expense would be recognized during the
current year?
a) $174,000 and $204,000
b) $174,000 and $70,000
c) $204,000 and $204,000
d) $174,000 and $174,000
What else can I help you with?
When scientists cannot obtain on exact numbers they often rely on?
estimate
How do you do multiplication for several numbers without a calculator?
Multiply two at a time.I often try to factor the numbers and group the factors as I have learned a few of the first powers of several of the low primes.I also use rough estimates to check that my answer is in the right "ballpark" often the estimates are "good enough" I also sometimes use my phone calculator...
How do you find interval estimate?
There are different types of interval estimates. Given a rounded value for some measure, the interval estimate, based on rounding, is the interval from the minimum value that would be rounded up to the given value to the maximum value that would be rounded down to the given value. For example, given 4.5 with rounding to the tenths, the minimum of the interval is 4.45 and the maximum is 4.55 so that the interval estimate is (4.45, 4.55). Statistical interval estimates for a random variable (RV) are probabilistic. For example, given some probability measure (for example 95% or 5% significance level), the interval estimate for a random variable is any interval such that the probability of the true value being inside that interval is 95%. Often the interval is symmetrical about the mean value of the RV that is being estimated, but this need not be the case - particularly if the RV is near an extreme of the distribution.
If a year is often estimated as 52 weeks By how many days is that estimate off?
1
When would scientist use estimate numbers?
Very often. Many physical constants cannot be determined exactly, only approximated. For calculations estimates are used for important mathematical constants, such as pi and e. I would hazard a guess that no continuous physical measure is known accurately - unless by definition. It may be known to a very high degree of accuracy but measurement errors, random errors and, if nothing else, quantum effects will probably prevent perfect knowledge. Second, total accuracy is often unnecessary. People on Answers.com often give answers to many decimal places - usually way beyond what can be justified. If you have the radius of a circle accurate to 3 siginificant figures and want to calculate the circumference, there is absolutely no point in using a value of pi that is accurate to a greater degree. Use the appropriate estimate and save yourself a lot of bother.
What is extended warranty?
In regard to a motor vehicle.All vehicles come equipped with a standard factory warranty. However, these often are limited by time and mileage. An vehicle protection plan is often times referred to as an extended auto warranty by a consumer, in which affords the consumer the ability to extend coverage past the the original factory warranty of the vehicle. Often times an extended auto warranty can also compliment a factory warranty by providing additional features and benefits like trip interruption and roadside assistance during the original warranty. An extended warranty always has a fee and is never free like a standard factory warranty; however can provide the assurance similar to the car warranty the vehicle had when new.
How often do children need to use blood cord?
There are no good estimates of how often a child will need a transplant of his own cells. Estimates range from 1 in 1,000 to 1 in 200,000
How often will I have to repurchase rechargable batteries, or do they come with a warranty for when they stop holding a charge?
Rechargable batteries should last for over a year. Often they only come with a non-defective warranty.
What is a point of reference from which measurement or estimates may be made?
A point of reference from which measurements or estimates may be made is often called a benchmark
What is the warranty on a new Logitech gaming headset?
The standard warranty on a new Logitech gaming headset is 2 years. This is more then the regular 1 year warranty often given for similar computer peripherals.
Do RAM and memory upgrades normally come with a warranty?
Most manufacturers offer a warranty between 30 days and one year. The retailer will often offer an extra warranty, though this usually costs extra.
What do you call the building up of great arsenals of weapons often at the expense of the poor?
an arsenal
Why are Indian people often called First Nation?
Political Correctness at the expense of actualcorrectness.
Buy a Car Warranty?
form_title=Buy a Car Warranty form_header=Unexpected repairs lead to unexpected and often high bills. Help plan ahead by buying a car warranty. Describe what you want covered under the warranty:=_ What is the price range you expect to spend per month?="" How long do you want the warranty to last?=_
Define maintenance and other operating expenses?
Operating Expenses are expenses that are incurred while running a business. Maintenance Expense could be considered anything from the cost of maintaining a company vehicle to repairs made on a building or some other type of "maintenance" that is require by the business in order to function at 100%. Many expenses have their own account such as, Utilities Expense, Rent Expense, Insurance Expense, Interest Expense, Supply Expense, just to name a few. Other expense may not have a specific account in which to be recorded, such as Travel Expense, Food Expense (perhaps to entertain a possible client), these expense are often listed under "Other Expenses".
What is the meaning of a generic warranty?
A generic warranty is often a warranty placed on a product or service that is standard within the industry in which it is offered or produced. You will find many companies have generic warranties on their products when they manufacture many different types of products.
What is the cost of replacing a flywheel on a Dodge Caravan labor?
The cost of labor to replace a flywheel on a Dodge Caravan typically ranges from $300 to $600, depending on the mechanic's hourly rate and the complexity of the job. This estimate usually includes 4 to 8 hours of labor, as accessing the flywheel often requires removing the transmission. Additional costs for parts and fluids should also be considered, which can add several hundred dollars to the total expense. Always check with local shops for the most accurate estimates.
