The members of a certain business run the risk of losing their personal property should the enterprise fail. This is because they 1.have unlimited liability
2. have limited liability
3.are members of the board of directors
4.own ordinary shares

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Match each economic concept with the scenarios that illustrates it

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?