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7. Best Electronics recently reported the following warranty liability information for it's FY 2018 annual report: 2017 2018 Accrued Warranty Liability 4,000 3,692 Net Sales
7. Best Electronics recently reported the following warranty liability information for it's FY 2018 annual report: 2017 2018 Accrued Warranty Liability 4,000 3,692 Net Sales 229,234 275,500 They accrue 2% of net sales for their warranty liability each year. What amount of warranty claims did they fulfill for customer during 2018? 6 points
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