Use the Following Information for Questions 37-39

question 21

Multiple Choice

Use the following information for questions 37-39.
Jems & Jewels Inc. offers a two-year warranty against failure of its products. The estimated liability is 4% of sales in the year of sale and 6% in the second year. Sales for 2016 and 2017 were: $2,500,000 and $2,800,000, respectively. They incurred no warranty costs in 2016 but in 2017 they spent $175,000 on repairs related to the warranties from 2016 and 2017.
-The warranty liability as at the year-end 2016 was

• A) $0.
• B) $100,000.
• C) $150,000.
• D) $250,000.

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Definitions:

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, often measured for diagnosis since it is related to the force and rate of the heartbeat and the diameter and elasticity of the arterial walls.

Hostile Attribution Bias

The propensity to interpret others' behaviors as having malicious intent, even when it's not justified.

Obstructionism

The deliberate delaying or prevention of the progress of initiatives, often through procedural means.

Overt Aggression

Visible or directly expressed forms of hostility or violence towards others.