In a competitive price-searcher market, the firms will a. have to accept the market price for their product, and the entry barriers into the market will be low. b. be able to choose their price, and the entry barriers into the market will be low. c. have to accept the market price for their product, and the entry barriers into the market will be high. d. be able to choose their price, and the entry barriers into the market will be high.

Taking commercial paper means the holder acts honestly

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?

George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the duties of a: