During year 1, fox co. introduced a new product carrying a two-year warranty against defects. the estimated warranty costs related to dollar sales are 2% within 12 months following the sale and 4% in the second 12 months following the sale. sales and actual warranty expenditures for the years ended december 31, year 1 and year 2, are as follows: actual sales - warranty expenditures year 1 - $ 150,000 - $ 2,250 year 2 - 250,000 - 7,500 $ 400,000 - $ 9,750 what amount should fox report as estimated warranty liability in its december 31, year 2, balance sheet? a. $ 2,500
b. $ 4,250
c. $11,250
d. $14,250

If you miss two payments on a credit card what is generally the penalty

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.