Veronica’s dress shop marked down a pair of shoes 15% if the customer purchased them with a dress or pantsuit. the shoes’ sale price was $59.00. how much would the shoes cost if purchased alone?

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?