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Strike441 [17]
3 years ago
7

A company sold $12,000 worth of bicycles with an extended warranty. it estimates that 2% of these sales will result in warranty

work. the current period's entry to record the warranty expense is:
Business
1 answer:
Otrada [13]3 years ago
7 0
I think the answer for your question you have to divide then you get 6,000
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Suppose the market price increase. Which statement is correct?
vladimir2022 [97]

Answer:

C

Explanation:

If the market price of a good increases, quantity demanded decreases and quantity supplied increases. This is in line with the law of demand and supply respectively.

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

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3 years ago
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1.A negotiable instrument can function as a substitute for cash.- TRUE

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5 0
2 years ago
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Kryger [21]

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5 0
3 years ago
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When there is an increasing opportunity cost of producing a good, the Production Possibilities Frontier (PPF) will be bowed out to represent that as more of the good is being produced, more of another good is being given up to do so.

For the island of Atlantis therefore, as they produce more of potatoes, they are giving up being able to produce whatever more and more of other goods they produce which is therefore leading to a PPF that is bowed outward.

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True I think okay don't judge me:(
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