Fox co. sells a product with a sales price of $10,000 with a 2-year warranty that is estimated to cost fox $250 for each product in the year of sale and $750 in the following year. fox sold 80 product units in their first year of operation and 100 in their second year, and paid $20,000 in the first year and $130,000 in the second year for warranty claims. what is fox’s warranty expense during their second year of operation?

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?