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
#SPJ1
Answer: False
Explanation:Decision tree is the tree like structured flowchart which is used for the evaluation of the possible outcomes or result of the particular problem. It usually has two or more branches as the the result node . Decision tree are applicable to many problems for solving it. So, decision trees is not only applicable on certainty problems but also on other problems as well. Therefore the given statement is false.