The labor force participation rate is the percentage of the working-age population in the labor force. suppose an economy is given by: population = 213 million working-age population = 120 million labor force = 93 million the number of people employed = 85 million the number of people unemployed = 8 million the labor force participation rate for this economy is nothing%

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?