During 2015,Blevert Co

question 7

Multiple Choice

During 2015,Blevert Co.introduced a new line of machines that carry a three-year warranty against manufacturer's defects.Based on industry experience,warranty costs are estimated at 1% of sales in the year of sale,3% in the year after sale,and 5% in the second year after sale.Sales and actual warranty expenditures for the first three-year period were as follows: What amount should Blevert report as a liability at December 31,2017?

• A)$11,000
• B)$20,000
• C)$125,000
• D)$224,000

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Definitions:

Counselling

The discussion of a problem with an employee, with the general objective of helping that employee resolve the issue or cope with the situation in order for them to become more effective.

Positive Discipline

A management strategy that focuses on encouraging good behavior in employees through positive reinforcement rather than punishment.

Punishment

A method used to discipline or correct undesirable behavior, typically by enforcing a penalty or negative consequence.

Employee Relations Practices

Practices that aim to maintain positive relationships between an organization and its employees, focusing on open communication, conflict resolution, and fair treatment.