Explanation:
Formal; A formal information system is based on
the organization represented by the organization chart.
Informal; The informal information system is
employee based system designed
to meet personal and vocational needs
and to help in solution of work-related problems.
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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Click the insert tab, it'll show a pop up window. Go to the location of where your picture may be. Double click on the photo, and it will be inserted into the word document.
The answer is 1.7 billion
