The town of Cortland is planning to hold July 4th fireworks for its residents. There are two types of residents in the town - group A (10,000 in number) who's value for the fireworks in $10 (or $100,000 in total); group B (also 10,000 in number) who's value for the fireworks is $20 (or $200,000 in total). If the cost of fireworks for the town is $150,000, is it efficient for the town to undertake it for its residents? Pick the correct response.

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?