Daniel just graduated from college. he earned a degree but don't feel prepared for any line of work. he went to the school's placement o fce and took a batter y of tests to see where his streng ths and weaknesses might lie. to some extent, he was surprised by the results. he knew he was strong in technica l skills, but he didn't rea lize his people skills were suspect. his advisor suggested that he get a job that will develop his wea ker skills, because that 's where he will grow the most. good advice?

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?