Answer:
Estimated Warranty Liability December 31, 2020
Debit Credit
Beginning balance $0
Actual Warranty Expenditure $12,000 Estimated total cost of $48,000
Warranty $800,000*6%
Ending Balance $36,000
$48,000 $48,000
Estimated Warranty Liability December 31, 2020
Debit Credit
2021 Servicing Expense $35,000 Beginning balance $36,000
Ending Balance $61,000 Estimated total cost of $60,000
Warranty $1,000,000*6%
$96,000 $96,000
So, the company should report an estimated warranty liability of $61,000 at Dec 31, 2021
Answer:
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Market will be less efficient than it would be without the price ceiling.
Health care sector of the economy was among the top five splendors in 2016.
All enterprises involved in the provision and coordination of medical and associated goods and services are included in the healthcare industry.
This industry has some substantial benefits in the United States, but it is also plagued by a number of variables that pose potential economic concerns.
The healthcare sector in the United States provides for a disproportionate percentage of spending in relation to health results, raising concerns about politically motivated industry change.
The healthcare industry is one of the largest and most complicated in the American economy, accounting for 18% of GDP in 2020. In 2016, health-care spending in the United States climbed by 4.3 percent to $3.3 trillion, or $10,348 per person.
Therefore, the answer is healthcare sector.
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Answer:
D). Bertollini will advertise, but YumYum will not advertise
Explanation:
Base on the scenario been described in the question between the two company which is Bertollini and YumYum, after both company have done the research, they discovered the advantage to either advertise or not, in the case of YumYum, it could not after after the research because it discovered that it product does not have any staying power in the future this will make them not to advertise
While in the case of Bertollini, after doing a market survey or research, it discovered that it product is very good and consumers who purchase the product will continue to buy over an issuing year, so it will advertise.