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Business, 02.07.2019 01:10 cristian691023

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 3% of sales. sales were $9 million and actual warranty expenditures were $38,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

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