A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $218,000. The current period's entry to record the warranty expense is:. a. Debit Warranty Expense 58,720 credit Sales $8,720
b. Debit Warranty Expense 58,720 credit Estimated Warranty Liability $8.720
c. Debt Estimated Warranty Libility 18720 credit Warranty Expense $3.520
d. Debit Estimated Warranty Libidity 1720 credit cash $8.720
e. No entry is recorded until the items are returned for warranty repairs

answer; proclamation of 1763;

answertaxable income;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.