"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?" Get the answer
Category: science | Author: Giiwedin Frigyes