Entrepreneurship has become the new way of doing business in our world. with economies in decline and organizations downsizing and the lack of opportunities that satisfy, entrepreneurship has been born. entrepreneurship involves (points : 5)
bringing in compelling ideas.
small businesses achieve more.
providing the platform for launching companies that grow to be quite large.
all of the above

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?