You open an account that earns 12% interest and start saving $1,000 at the end of this year. You have the option increase your saving by 5% each year, or keep your contribution constant each year. If you do not increase your savings by 5%, how much less will you have in your account after 19 years than if you increased your contributions

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?