Memorex should: iv. record a refund liability in the year of the sale.
<h3>What is a right-of-return privilege?</h3>
A right-of-return privilege can be defined as a special right, advantage or entitlement that is accorded to a customer, which avails them an opportunity to return a product they have purchased.
Since Memorex Disks offers its customers right-of-return privileges, it is expected that it should record a refund liability in the year of the sale i.e recording an allowance for sales returns in the year the sale was made.
Read more on right-of-return privilege here: brainly.com/question/17165436
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Answer:
Explanation:
1. There can be a run out of something ex. The water cycle we could run out of water if evaporation stops happening
2. Something wont happen ex. In a shoe factory if no one is boxing the shoes the shoes don’t get boxed.
Hope this helps
1. non photorealistic rendering
2. siftables
3. spherical audio
4. blu ray
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