Prepare an offer and respond to my discussion. Then I want you to review at least two other students’ offers in the class and determine if their posting is actually an offer or a negotiation to make an offer and make a comment as to why you believe it is an offer or an invitation to negotiate. Don’t be afraid if you are not sure what an offer is when doing the first assignment. We will cover "offers" in further detail in chapter 12. This assignment is to get you to think what is an offer? After we discuss chapter 12, you may want to go back to the offer discussion and reread some of the postings to see if you still think they are offers or invitations to negotiate.

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?