Imagine that you are a sales representative for mettler toledo's range of inline product inspection equipment. your company offers a wide range of models but the steps in the selling process will you narrow down which models you will suggest to a particular customer.
a. leads qualification
b. negotiation stage
c. proposal writing
d. needs assessment
e. product screening process

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?