Synergy Appliances sells dishwashers with a four-year warranty. In 2017, sales revenue for dishwashers is $97,000. The company estimates warranty expense at 4.5% of revenues. What is the total estimated warranty payable of Synergy Appliances in 2017?
A) $4,365.00
B) $1,091.25
C) $1,597.59
D) $3,423.53
A .Sales Revenue $97,000.00
Warranty Expense 4.5%
Estimated Warranty Payable ($97,000 x 4.5%) $4,365.00
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