Talks-a-lot, inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warranty program. the average repair cost is $71 per phone. for 2021, talks-a-lot has sold 550 cell phones and has repaired 11 of them as of december 31, 2021. what amount of warranty liability should be reported at december 31, 2021?

The shift from s to s' in the market for peaches could be caused by a(n) a. decrease in the price of pears. b. increase in the price of peaches. c. decrease in the labor costs of the workers who pick peaches. d. increase in income.

Gibson's bodywork does automotive collision work. an insurance agency has determined that the standard time to replace a fender is 2.5 hours (i. e., "standard output" 0.4

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)