DRIVERS ED (PLEASE HELP!!) 1a. What would be a hazard that would increase your risk in this situation?

1b. what is something you could do to minimize that risk?

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 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?