Answer:
Both curves shifts rightwards.
Explanation:
When there is an improvement in the technological process then this will to increase the production level of the goods. Technological advancement increases the potential of an economy which in turn increases the supply of goods at the same price level. Improvement in the technological process increases the economy's productivity.
This will shift the short run aggregate supply curve and long run aggregate supply curve rightwards.
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Explanation:
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The given scenario is a good example of overuse of a car.
<h3>What is Overusing?</h3>
This refers to the situation where a person makes use of a thing or product, beyond its normal use and causes it to breakdown or wear and tear.
Hence, we can see that in the given scenario, a car has a great mileage which means it has been driven a lot and as a result of this, the tires wear out and needs replacement and this is an example of overuse.
Read more about overuse here:
brainly.com/question/1146907
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The correct answer is soft money.
Soft money is the unregulated money given to the political party and not to a candidate meant for party building. The money can originate from an individual, corporations or political action committee. Hard money on the other hand is regulated money (political donations) by law through the federal election commission. McCain-Feingold act was an act that amended the federal government election campaign act in 1974, which regulates the funding and financing of political parties.
Answer:
1) Warranty expense = $550
2) Warranty liability = $550
3) Warranty liability = $435
Explanation:
As per the data given in the question,
1.) Warranty expense = 5% of dollar sales
= 5% × $11,000
= $550
2.) On year end Dec-31st balance of liability will be same as expense incurred as there is no repair in year 1.
So, Estimated Warranty liability = Warranty expense
Estimated Warranty liability = $550
3.) Beginning balance = $550
Repair cost = $115
End balance of year = Beginning balance - Repair cost
= $550 - $115
warranty liability = $435
