safe computer inc. started its business in 2023 and sells equipment with a 2-year warranty.prior experience indicates that costs for warranty repairs average 4% in the first year and 2% in the second year. sales were 400000and 300000 in fiscal 2023 and 2024 respectively. it paid 5000 for materials and labour to make warranty-related rapirs in 2023. what shoud be the balace of warranty payable in 2023?

Answer rating: 100% (QA)

Apologies for the oversight Given Sales in 2023 40000... View the full answer