Make equation warranty easily

Aug 6th, 2022
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How to make equation warranty

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welcome to moomoomath and science in this video lets work on solving word problems like this says mr b bought several gift cards for his friends each gift card is valued at 18 he spent 90 dollars altogether how many gift cards did he buy what you can do theres a couple ways you can go about solving this and this works pretty well first you need to identify the variable which is the missing information in other words what are they asking for then you identify what operation is happening to the variable now there are a couple words that kind of give you clues and ill show you these okay for addition you can youll sometimes see more than altogether total sum all in and for subtraction youll see less difference less than falling or spent and then for multiplication move this up youll see double triple times per each or a product of and for division separate groups and then per in each and yes per and each are used on both of them you just have to read the content so lets apply thes

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To estimate the warranty expense for a company, we need to know three main things: Number of units sold during a particular accounting period. Percentage of the sold products that will probably need a repair or a replacement based on previous experiences. Average cost of repairing or replacing products under warranty.
=EDATE(A6,12) We can use the EDATE function to calculate expiration dates by months. EDATE returns the same date and months ahead or before. This will show the expiration dates in column C.
By my calculations, a product with a 1 year warranty will be covered for 1 year. 1=1. Or 1 year=12 months=365 days=8760 hours. One with a 90 day warranty will be covered for 90 days.
To estimate the warranty expense for a company, we need to know three main things: Number of units sold during a particular accounting period. Percentage of the sold products that will probably need a repair or a replacement based on previous experiences. Average cost of repairing or replacing products under warranty.
To calculate the warranty expense, first figure out how many products will need repair or replacement: Total number of units sold X Percentage of units that are defective. Units needing repair or replacement X cost per unit to repair or replace. 14 water bottles x $4 per water bottle = $56 cost of inventory.
If the items expiration date is n years in the future, you also use the formula EDATE(startdate,month). For instance, the start date is 3/1/2020, the warranty period is 1 year (12 months), use the formula:=EDATE(C6,12).
To estimate the warranty expense for a company, we need to know three main things: Number of units sold during a particular accounting period. Percentage of the sold products that will probably need a repair or a replacement based on previous experiences. Average cost of repairing or replacing products under warranty.
To calculate years of service using DATEDIF: Click the cell where you want the years of service to appear. Type: =DATEDIF( Click the cell containing the start date, then type a comma. Click the cell containing the end date, type a comma, then type: y) Press Enter and the years of service will calculate.
Accrue the warranty expense with a debit to the warranty expense account and a credit to the warranty liability account. As actual warranty claims are received, debit the warranty liability account and credit the inventory account for the cost of the replacement parts and products sent to customers.
This is How to Calculate Warranty Liability Costs Number Of Units (or Service Contracts Sold) Produced Per Period. Cost Per Unit. Expected Number of Warranty Claims in a Period. Use decimal notation for percentage, i.e., 2% is .02. Cost Per Warranty Claim.

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