Answer:
C. Estimated Warranty Payable for $15,900
Explanation:
The journal entry is shown below:
Warranty expense $15,900
To Estimated warranty liability $15,900
(Being the warranty expense is recorded)
The computation is shown below:
= Monthly sales × estimated given percentage
= $530,000 × 3%
= $15,900
We simply debited the warranty expense as it increases the expenditure and credited the liabilities as it also increases the liabilities account
b. the demand curve for Just Right cereal shifts to the right
<h3>What causes the demand curve to shift to the right?</h3>
When a factor other than price affects demand, the demand curve will shift. It happens when the price doesn't change but the demand for goods and services does.
If the determinant raises demand, the curve moves to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service. The incomes of consumers will increase as the economy is flourishing. Despite the fact that prices haven't increased, people will purchase more of everything.
Learn more about the demand curve here:
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Answer:
The answer is "Option II and III"
Explanation:
In the given choices only two option (II and III ) were correct, which can be described as follows:
- Marginal inventory can be decided to buy, in multiple-times-excess amounts.
-
It is the same debt, which tends to increase its whilst and it also equivalent to share, if the large amounts of equity were discharged.
