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29-01-2020
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On September 1, Home Store sells a mower (that costs $250) for $550 cash with a one-year warranty that covers parts. Warranty expense is estimated at 7% of sales.

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aishatoluwaloju aishatoluwaloju

30-01-2020

Answer:

$38.50

Explanation:

Warranty expense is on the sales value so the cost is to be disregarded.

7% of $550 = $38.50

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