Tom girard, director of retail operations, indicates that he is able to keep "hands-on" with the staff, and he is always aware of how individual employees have performed and what skills they need to work on. this suggests that girard practices

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?