7. The option to buy extended warranties is commonplace with most electronics purchases. Does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for some consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table below. Purchased Warranty? Yes No Total Digital Camera 30 42 72 Laptop Computer 145 203 348 Total 175 245 420 a. What is the probability that a consumer purchases an extended warranty? b. What is the probability that a consumer purchases an extended warranty given that he/she has purchased a digital camera? Chapter 10-Problems 3 02:00:46 On November 10, 2020, Singh Electronics began to buy and resell scanners for $58 each Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 days. When a scanner is returned, the company simply throws it away and mats a new one from inventory to the customer. The company's cost for a new scanner is only $38 Singh estimates warranty costs based on 16% of the number of units sold. The following transactions occurred in 2020 and 2021 (ignore GST and PST) Required: 2000 15 Sold 2,540 scammers for $145,000 cash 10 Recopsired warranty expense for November with an adjusting entry. Repleted 180 scanners that are returned under the warranty 15 Sald 5,500. 29 Replaced a scanners that were returned under the warrenty. 31 Berngnized warranty expense for December with an adjusting entry. 2021 14 Sold 279 saners, 20 Replaced 6 scanners that were returned under the warranty 31 fecognized warranty expense for January with an adjusting entry. 1. How much warranty expense should be reported for November and December 20207 Warranty Expense 15,200 November $ Help Save & Exit Submit