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Question Completion Status: QUESTION 14 10 points LaTrez manufactures and sells direct to consumer expresso machines. The machines come with a one year warranty and
Question Completion Status: QUESTION 14 10 points LaTrez manufactures and sells direct to consumer expresso machines. The machines come with a one year warranty and are sold for $1,500 each. LaTrezalso seils 3 year extended warranties for $300 per machine. In 2020, La Trez sold 12.000 eXpresso machines and 4.000 extended warranties. La Trez expects warranty repair costs for the espresso machines to be 3 in 2021. 1% in year 2022, 3in year 2023, and in your 2024. Assume all of the expresso machines and extended warranties were sold on December 31, 2020 a. What journal entryfies) does LaTrez record on December 31, 2020 related to these transactions? b. What is La Trer's expected income before taxes from these transactions in 2024? For the toolbar, press ALT+F10 (PC) or ALT+FN+10 (Mac) BIUS Paragraph Arial 14px 2 I WORDS POWERED BY TINY See and Sub Sound Submit to and submit Click Save all to all Question Completion Status: QUESTION 14 10 points LaTrez manufactures and sells direct to consumer expresso machines. The machines come with a one year warranty and are sold for $1,500 each. LaTrezalso seils 3 year extended warranties for $300 per machine. In 2020, La Trez sold 12.000 eXpresso machines and 4.000 extended warranties. La Trez expects warranty repair costs for the espresso machines to be 3 in 2021. 1% in year 2022, 3in year 2023, and in your 2024. Assume all of the expresso machines and extended warranties were sold on December 31, 2020 a. What journal entryfies) does LaTrez record on December 31, 2020 related to these transactions? b. What is La Trer's expected income before taxes from these transactions in 2024? For the toolbar, press ALT+F10 (PC) or ALT+FN+10 (Mac) BIUS Paragraph Arial 14px 2 I WORDS POWERED BY TINY See and Sub Sound Submit to and submit Click Save all to all
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