Suppose in 1998 a player named Michael Jordan was paid $31,000,000 in that year (1998 dollars). In 2018, another player named Lebron James was paid about $35,000,000 in that year (2018 dollars). If the CPI in 1998 was 163 and the CPI in 2018 is 250.5, how does Lebron’s salary compare with Jordan’s in terms of purchasing power?

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?