Answer:
an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.
Explanation:
HAHAHA
Answer: See explanation
Explanation:
Number of units sold = 76000
Percentage repair= 2%
Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520
Actual defective units = 490 + 350 + 210 = 1050
Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470
Repair cost = $50
Warranty expense = 470 × $50 = $23500
The journal entry will then be:
31 December:
Debit: Product warranty expense = $23500
Credit: Estimated liability for product warranty = $23500
Answer: False.
Explanation:
The survey information gathered from the customers is a form of getting feedback from the consumers of Tech Geek products/services, which is a form of input that enables the company improve on their products/services.
Numerous number of consumers or buyers protects a firm from being forced to sell its products at an unfairly low price. This is one of the important reasons that a firm can sell its product at a good price. If the competition increases, then the firm has to beat the competition to get the required price, otherwise it might have to lower its price to hold on to its consumers.
Answer:
The correct answer is "Patent infringement"
Explanation:
Patent infringement is when somebody uses or sells a patented item without the approvement of the patent holder. The permission is guaranteed in the form of a license. The patent holder may receive a compensation from the impostor for the unauthorized use.
