The executive summary component of a business plan is to describe
a. where the funds to start and operate your business will come from, when you expect to see pront, and
how much profit you expect to see
b. the size of the market, how your business will fit into the market, and how your business will stand out
from other businesses in the market
the big picture behind your business, what your business has to offer the consumer, and why your
business will be successful
d. how your business will be organized and what type of management or department structure your
business will have

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?