"sony introduces a new compact music player to compete with apple’s ipod that carries a two-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to be approximately 2% of sales. by the end of the first year of selling the product, total sales are $30 million, and actual warranty expenditures are $200,000. what amount (if any) should sony report as a liability at the end of the year?"
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Category: science |
Author: Giiwedin Frigyes
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