Analyzing and computing accrued warranty liability and expense canton company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, canton estimates that 3% of units sold each period will require repair at an average cost of $160 per unit. during the current period, canton sold 100,000 units and repaired 2,400 of those units. (a) how much warranty expense must canton report in its current period income statement? (b) what warranty liability related to current period sales will canton report on its current period-end balance sheet?

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?