he CEO is very disappointed with these numbers and would like to see higher sales and a net income of $975,000 in 2022. Assume that in 2022, operating costs (excluding depreciation and amortization) will remain 75% of sales. Also assume that depreciation and amortization and interest expenses will remain constant at 2021 levels. (The tax rate, which is 25%, will remain the same. Note that while the tax rate remains constant, the taxes paid will change.) What level of sales in 2022 would generate $975,000 in net income

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?