Lola works at actiontech’s headquarters where she leads a team of eight people. the team is focused on providing technical support and customer service for actiontech’s new line of wearable computing gear for runners. it is lola’s sole responsibility to set team goals, assign tasks and monitor the performance of team members. lola reports to her manager on team progress, outcomes and performance metrics. lola’s team structure is:

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?