Reference groups are the anchor points that consumers use to evaluate their own beliefs and attitudes

Iggy Sales, Inc offers warranties on all its electronic goods

Warranty expense is estimated at 3.5% of sales revenue. In 2017, Iggy had sales of $333,000. In the same year, Iggy replaced defective goods with merchandise inventory costing $8,750. Prepare the journal entry to record the replacement of defective goods. What will be an ideal response

What is a free enterprise system?

a) business b) capitalism c) competition d) economics