Use the Following Information for Questions Below
Radio Hut Inc

question 52

Multiple Choice

Use the following information for questions below
Radio Hut Inc.offers a two-year assurance warranty against failure of its products.The estimated liability is 1.5% in the year of sale and 3% in the second year.Sales and actual warranty expense for 2020 and 2021 were:
$$\begin{array} { l c c } & \text { Sales } & \text { Actual Warranty Costs Incurred During Year } \\2020 & \$ 3,500,000 & \$ 110,000 \\2021 & \$ 3,900,000 & \$ 195,000\end{array}$$
-The warranty expense for 2021 was

• A)$157,500.
• B)$175,500.
• C)$195,000.
• D)$305,000.

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Definitions:

Biological Aging

The process of becoming older in a deleterious sense, characterized by the gradual deterioration of physiological functions and increased susceptibility to diseases.

Marital Relationships

The dynamic and interaction between spouses or partners legally recognized as married, including their emotional and physical bond.

Cohabitation

Being in a romantic and sexual relationship with someone without going through the process of getting married.

Intimate Relationships

Deeply personal and close connections between individuals, characterized by affection, love, trust, and mutual respect.