13. Lulzbot.com sells 6,000 units of its product for $500 each. The selling price includes a one-year warranty on parts. It is expected that 3% of the units will be defective and that repair costs will average $50 per unit. In the year of sale, warranty contracts are honored on 120 units for a total cost of $6,000. What amount should Lulzbot.com accrue on December 31 for estimated warranty costs? (Points : 1)

$9,000 $6,000 $3,000 $45,000

Question 14.14. If a corporation issued $3,000,000 in bonds, which pay 5% annual interest, what is the annual net cash, cost of this borrowing if the income tax rate is 30%? (Points : 1)

$3,000,000 $45,000 $150,000 $105,000

Question 15.15. Mackenzie Insurance Company collected a premium of $15,000 for a 1-year insurance policy on May 1. What amount should Mackenzie report as a current liability for Unearned Insurance Revenue at December 31? (Points : 1)

$0. $5,000. $10,000. $15,000.

17. Koppernaes Company has total proceeds (before segregation of sales taxes) from sales of $9,540. If the sales tax is 6%, the amount to be credited to the account Sales Revenue is: (Points : 1)

$9,540. $8,968. $10,112. $9,000.