At January 1, 2019, the Accrued Warranty Payable is $ 1 comma 100. During 2019, the company recorded Warranty Expense of $ 19 comma 100. During 2019, the company replaced defective products in accordance with product warranties at a cost of $ 12 comma 800. What is the Accrued Warranty Payable at December 31, 2019?

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?