Business, 18.09.2019 01:00 devinlj07

Bonita manufactures high-end whole home electronic systems. the company provides a one-year warranty for all products sold. the company estimates that the warranty cost is $290 per unit sold and reported a liability for estimated warranty costs $10.6 million at the beginning of this year. if during the current year, the company sold 59000 units for a total of $326 million and paid warranty claims of $1209 on current and prior year sales, what amount of liability would the company report on its balance sheet at the end of the current year?

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