Question: Calculate the warranty expense for 2017 using the following information: 2017 sales $ 500,000 The sales have a 2 year warranty with an estimate of

Calculate the warranty expense for 2017 using the following information:
2017 sales $ 500,000 The sales have a 2 year warranty with an estimate of returns in year 1 of 3% and in year 2 of 7%.

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