Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. his roommate takes half as long to do each task. how should the roommates allocate the work? a. mark should do more cooking based on his comparative advantage b. mark should do more of the washing based on his comparative advantage c. mark should do more of the washing based on his absolute advantage d. there are no gains from trade in this situation

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?