Parker company’s balance reflected estimated warranty payable of $2,000 credit at the end of 2018, the current year. during 2019, the following year, parker had sales of $200,000 and expects product warranties to cost the company 10% of sales. during 2019, parker paid $17,000 for warranties. what is parkers estimated warranty payable balance at the end of 2019?

$5,000

Explanation:

The computation of the estimated warranty payable is shown below:

= Credit balance + expected warranty based on sales - warranties paid

= $2,000 + $20,000 - $17,000

= $22,000 - $17,000

= $5,000

The expected warranty based on sales would be

= sales × estimated percentage

= $200,000 × 10%

= $20,000

Simply we added the credit balance and expected warranty and deduct the paid warranties so that the actual amount can come

answer: it is a cellular phone

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.