perez co. sells automotive supplies and warranties them for a three-month period. perez sold $10,000 of supplies during the month and anticipates that warranty repairs for these sales will total $250. the adjusting entry that perez will make to record the warranty expense will include which of the following? (check all that apply.)multiple select to cashdebit to estimated warranty liabilitycredit to estimated warranty liabilitycredit to cashcredit to warranty expensedebit to warranty expense
Answers
The first two alternatives is fully correct. To record the warranty expense for the automotive supplies sold by Perez Co., the adjusting entry will include: a. Expense debit to Warranty Expenses b. Liability credit to Estimated Warranty Liability
The journal entry for this transaction would be:
Warranty Expense (Debit) - $250
Estimated Warranty Liability (Credit) - $250
This entry records the estimated warranty expense of $250, which is anticipated for the $10,000 worth of supplies sold during the month. It also establishes a liability, as Perez Co. is obligated to honor the warranties for the three-month period. The warranty expense represents the cost that the company expects to incur for any repairs or replacements under the warranty. The estimated warranty liability reflects the company's obligation to fulfill warranty claims during the specified period. By recording this adjusting entry, Perez Co. ensures that its financial statements accurately reflect the company's expenses and liabilities related to the warranties. The first two alternatives is fully correct.
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Related Questions
what describes why the national income tax created by the sixteenth amendment is related to the progressive movement?
Answers
The majority of progressive initiatives were programs that demanded significant financial resources. The growing list of Progressive projects was partially financed by the introduction of the income tax.
How does income tax work?
Income tax is a sort of tax that the federal government levies on the money that people and businesses make during a fiscal year. Most states have an income tax that increases over time. Consequently, the majority of states have a graduated income tax. The growing list of Progressive projects was partially financed by the introduction of the income tax.
Income taxes are the beginning of profit for governments. They are used to fund public duties, pay management responsibilities, and support merchandise for settlers. In addition to the general administration, many states and local jurisdictions still demand that wage tax due.
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Match the financial statement with its description. To match them, click the Description and then click the Financial Report Name
Answers
Answer:
a-3 / b-2 / c-4 / d-1
Explanation:
Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.
The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.
Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.
is a process designed to provide reasonable assurance regarding the reliability of financial reporting.
Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.
Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations
Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.
are reports prepared by a company's management to present the financial performance and position at a point in time.
Financial statements refer to how company communicates their finance. The financial statement that reflects a company’s profitability is hereby given below.
Financial statements in sheetsThe various accounting activities that precedes financial statements are hereby matched below:
A. Statement of retained earnings or owner's equity
Include information of owner's retained earnings and dividends.
B. Income statement - Revenues
Shows revenues and expenses over a period of time.
C. Statement of cash flow
shows money moving in and out, categorized by operations, investing and finance
D. Balance Sheet
A snapshot of a company's assets, liabilities and equity at a specific moment in time.
Therefore, the answers are Statement of retained earnings or owner's equity, Income statement - Revenues, Statement of cash flow, Balance Sheet respectively.
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Hello guys I'm Filipino
Answers
Answer: Nice, today is my birthday :D
Explanation:
I’m mexican :)
Answer:
hlo iam a proud nepali
you filipino
According to the BCG growthdashmarket share matrix, ________ are SBUs with a dominant market share in a low-growth-potential market.
A.question marks
B.cash cows
C.camels
D.dogs
E.stars
Answers
According to the BCG growth-market share matrix, cash cows are SBUs with a dominant market share in a low-growth-potential market. Cash cows are products or services that have reached their maturity stage and have a steady and predictable demand.
They generate high profits and cash flow, which can be used to invest in other products or services with higher growth potential. Cash cows require minimal investment to maintain their market share and profitability. However, if the market declines, they may become dogs. It is essential for businesses to manage their cash cows effectively to maintain their profitability while investing in new products or services with high growth potential.
According to the BCG growth-market share matrix, cash cows (option B) are SBUs with a dominant market share in a low-growth-potential market. These businesses generate strong cash flow due to their market dominance but have limited growth opportunities.
They are typically used to fund other SBUs within the organization, such as stars or question marks.
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a financial lease that meets purchase criteria should be treated on the books of the organization as
Answers
A lease is classed as a finance lease through a lessee and as a sales-kind hire through a lessor if possession of the underlying asset transfers to the lessee through the quit of the lease term.
This criterion is likewise met if the lessee is needed to pay a nominal rate for the felony switch of possession. Record as an asset withinside the stability sheet and as an responsibility to pay destiny rentals. Rental bills have to be apportioned among the financial lease and a discount withinside the responsibility. Accounting Treatment of Finance Lease document the property as a non – present day asset withinside the lessee's statement (Present cost of hire bills, or Fair cost whichever is lower) document the legal responsibility for the hire bills (Lease legal responsibility and Interest) payable to the lessor.
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A lease is classed as a finance lease through a lessee and as a sales-kind hire through a lessor if possession of the underlying asset transfers to the lessee through the quit of the lease term.
This criterion is likewise met if the lessee is needed to pay a nominal rate for the felony switch of possession. Record as an asset withinside the stability sheet and as an responsibility to pay destiny rentals. Rental bills have to be apportioned among the financial lease and a discount withinside the responsibility. Accounting Treatment of Finance Lease document the property as a non – present day asset withinside the lessee's statement (Present cost of hire bills, or Fair cost whichever is lower) document the legal responsibility for the hire bills (Lease legal responsibility and Interest) payable to the lessor.
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Bruce is trying to decide which Human Services career he wants to pursue. He is just finishing high school and does not want to do much postsecondary education. Which career pathways should Bruce look into? Personal Care Services and Early Childhood Development Early Childhood Development and Family and Community Services Family and Community Services and Personal Care Services Consumer Services and Counseling and Mental Health Services
Answers
Answer:
Your answer shall be A.
sorry if im wrongExplanation:
Answer:
A
Explanation:
Which stage of the money laundering process occurs when funds gained from criminal activity enter the financial institution?.
Answers
Integration is the stage of the money laundering process occurs when funds gained from criminal activity enter the financial institution.
What is money laundering?Money laundering is the illegal way of financial transaction which is gained illegally. The procedure of money laundering can be divided into three steps. First, the money ends up in the hands of the launderer as a result of criminal activities.
Thus, it is integration.
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The price increase is a result of fewer Christmas tree farms harvesting trees in response to consumers purchasing more artificial trees.
The effect of the price increase on the Christmas tree industry will be as follows
In the long run, the industry supply curve shifts to the left.
In the short run, the tree farms exit the Christmas tree business and grow other lucrative plants.
In the short run, the increase in price leads to profits for tree farms.
In the long run, as tree farms sell fewer trees, they make losses and exit the industry.
Answers
The effects of the price increase on the Christmas tree industry described in the statement are as follows. Therefore, it's important to note that the specific dynamics of the Christmas tree industry.
1. In the long run, the industry supply curve shifts to the left: With fewer Christmas tree farms harvesting trees in response to increased consumer preference for artificial trees, the overall supply of real Christmas trees decreases. This shift in the supply curve represents a long-run adjustment as the industry adapts to changing market conditions.
2. In the short run, the tree farms exit the Christmas tree business and grow other lucrative plants: In response to the price increase and declining demand for real Christmas trees, some tree farms may choose to exit the Christmas tree business altogether. They may opt to utilize their resources and land to grow other more profitable plants or crops.
3. In the short run, the increase in price leads to profits for tree farms: Initially, in the short run, the increase in price for real Christmas trees can result in higher profits for the remaining tree farms. As the supply of real Christmas trees decreases and demand remains steady or increases, tree farms that continue to operate can benefit from the higher prices.
4. In the long run, as tree farms sell fewer trees, they make losses and exit the industry: Over time, as consumers continue to purchase more artificial trees and the demand for real Christmas trees further declines, the remaining tree farms may face diminishing profits or even losses. This can lead to more tree farms exiting the industry as it becomes economically unviable for them to continue operating.
It's important to note that the specific dynamics of the Christmas tree industry may vary based on various factors such as market conditions, consumer preferences, and the adaptability of tree farms to diversify their operations.
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please help with this question :0
Answers
Answer:
darling, soes it have a read?
Explanation:
How's everyone's day? explain please
Answers
Answer:
You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.
Answer:
I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.
Explanation:
consider the following demand and supply schedules for coffee. what is the price when the market is in equilibrium?
Answers
In summary, the price when the market for coffee is in equilibrium can be determined by analyzing the demand and supply schedules and identifying the point where they intersect. This equilibrium price represents the market-clearing price, and it ensures that there is no excess demand or excess supply in the market.
To determine the price when the market for coffee is in equilibrium, we need to find the point where the demand and supply schedules intersect. The demand schedule shows the quantity of coffee that consumers are willing and able to purchase at different prices, while the supply schedule shows the quantity of coffee that producers are willing and able to sell at different prices. Assuming that the demand schedule is downward sloping and the supply schedule is upward sloping, the equilibrium price is the point where the quantity of coffee demanded equals the quantity of coffee supplied. This means that there is no excess demand or excess supply in the market, and the price is stable. Therefore, the price of coffee when the market is in equilibrium can be found by identifying the price at which the quantity of coffee demanded equals the quantity of coffee supplied. This price represents the market-clearing price, and it is the price at which the market is in balance.
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The managers of Tanika Enterprises are considering how well alternative plans may meet its high-priority goals, as well as identifying the cost of each initiative and its likely investment return. Tanika Enterprises is in the __________ stage of the planning process.
Answers
Based on what Tanika is doing at this stage, we know that they are in the Evaluating goals and Plans stage.
What happens in the Evaluating goals stage?Plans made to help the company meet its objectives are scrutinized for feasibility. It is at this stage that evidence for a plan's success is built up.Tanika Enterprises are deciding which plans will work best for their high-priority goals which means that they are scrutinizing plans. This is therefore the evaluating goals and plans stage.
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So I want to say that I want to be a police or an FBI but also want to be a business woman what do I do or what do I need to know?
Answers
Multiple Choice
Financial statements are formal records of a company's financial activitie
O True
O False
Answers
Suppose a customer at a restaurant is deciding whether or not to order dessert. Marginal thinking means that the customer should compare: Group of answer choices the additional benefit from the dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the total cost of the meal and dessert. the marginal benefit from the meal with the marginal cost of the dessert. PreviousNext
Answers
Answer:
the additional benefit from the dessert with the additional cost of the dessert.
Explanation:
According to economics, everyone should act by comparing the marginal benefits obtained by purchasing a good or service vs the marginal cost of obtaining this good or service.
In this case, the customer places a certain value on the utility received from consuming dessert, and if that value is equal or higher to the cost of the dessert, then the consumer will order and eat it. If the perceived value of the benefits received form consuming the dessert are lower than the cost of the dessert, then the consumer will not order it.
If the account is interest bearing, how would you account for the interest when you reconcile your account?
1. subtract the interest from your running balance
2. add the interest to your running balance
3. forget about it since it is probably a small amount
4. keep a separate entry for interest
Answers
Answer:
the answer is 1 I do in fact think
The account for the interest when you reconcile your account is subtract the interest from your running balance Option(1) is correct. Stores have filled unequivocally as of late, despite the fact that there has been no development in interest-bearing protections.
What is Interest Bearing?An interest-bearing record is a kind of financial balance that pays the client an interest rate in return for them storing their cash at the bank.
The return and interest rate offered will change by bank and rely upon the record agreements. They can likewise change over the long run. There are various reasons you ought to open an interest-bearing record.
Not exclusively will you bring in cash from your reserve funds, yet you can keep it where you will not be enticed to spend it. It's dependably really smart to set aside cash and keeping one or even a few records that procure you interest is a shockingly better thought.
Families contribute around two-fifths of their monetary resources in interest-bearing resources. These resources are prevalently held straightforwardly in stores and furthermore through superannuation and other venture reserves.
Therefore Option(1) is correct.
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What is the relationship between interest rates and aggregate spending?
A. when interest rates increase, aggregate spending also increases
B. when interest rates increase, aggregate spending decreases
C. they do not have any relation
D. both the factors are affected favorably by any external factor
E. both the factors are affected adversely by any external factor
Answers
The demand for company x's product is given by qx=15-3px 4py. suppose good x sells for $3.00 per unit and good y sells for $1.50 per unit.
Answers
a. The cross-price elasticity of demand between goods X and Y is indeterminate. b. The classification of goods X and Y are complements. c. The own price elasticity of demand for good X is -1, indicating unitary elasticity. The whole calculation is shown in the attached image below.
Elasticity of demand is a measure of how sensitive the quantity demanded of a good or service is to changes in its price or other factors. It quantifies the responsiveness of demand to changes in various variables. The elasticity of demand is calculated as the percentage change in quantity demanded divided by the percentage change in price (or another relevant factor).
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The complete question might be:
The demand for company X's product is given by Qx = 12 - 3Px + 4Py. Suppose good X sells for $3.00 per unit and good Y sells for $1.50 per unit. a. Calculate the cross-price elasticity of demand between goods X and Y at the given prices. b. Are goods X and Y substitutes or complements? c. What is the own price elasticity of demand at these prices?
11.In which of the following Transfer methods are Active Records transferred to inactive status at the end of a stated period of time?
A. Perpetual transfer
B. Non perpetual transfer
C. Periodic transfer
D. Non Periodic transfer
E Other:............. type a answer
Answers
The transfer method in which Active Records are transferred to inactive status at the end of a stated period of time is referred to as Periodic Transfer.
Periodic transfer is the transfer method where Active Records are systematically moved to inactive status after a predetermined period. This approach is commonly used to manage records that have reached a specific age or are no longer actively used but still need to be retained for legal or regulatory purposes.
In a periodic transfer system, records are typically classified based on their retention schedule or predetermined criteria. Once the specified time period has elapsed, the records are transitioned from the active status to an inactive or archival state.
This transfer process ensures that the active records are regularly reviewed and purged from the active file system, reducing clutter and improving the overall efficiency of record management.
By implementing periodic transfers, organizations can maintain a streamlined and organized record-keeping system, ensuring that relevant records are readily accessible while inactive records are securely stored.
Additionally, this method helps organizations comply with legal and regulatory requirements regarding record retention, enabling them to demonstrate accountability and adhere to data privacy guidelines.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
A machine at a manufacturing company is programmed to fill shampoo bottles such that the amount of shampoo in each bottle is normally distributed with mean 0.60 liter and standard deviation 0.04 liter. let the random variable a represent the amount of shampoo, in liters, that is inserted into a bottle by the filling machine.
Answers
The probability that a randomly selected bottle of shampoo will be underfilled is 0.0062.
What is the meaning of Probability?
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 as well as 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, the probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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PLEASE HELP
Match each profession with its usual work environment.
1. Solar photovoltaic installer
2. Ironworker
3. Construction manager
4. Cement mason
A.Roof of a building
B.Outdoors at great heights
C.Outdoor job site
D.Field office
Answers
Answer:
1.) Solar photovoltaic installer - a. roof of a building
2.) Ironworker - b. outdoors at great heights
3.) Construction manager - d. field office
4.) Cement Mason - c. outdoor job site
Explanation:
please correct me if I'm wrong
Linda is managing a complex project. She creates a high-level project Work Breakdown Structure (WBS) and plans to use Progressive Elaboration during the project lifecycle to further decompose the work packages. What type of planning technique is this? a) Bottom-Up Approach b) Top-Down Approach c) Scope Creep d) Delphi Technique
Answers
Progressive elaboration is a top-down approach in project management. Linda is managing a complex project. To create a high-level project Work Breakdown Structure (WBS), she uses the top-down approach to project planning. Linda plans to use Progressive Elaboration during the project lifecycle to further decompose the work packages.
Progressive elaboration in project management : Progressive elaboration is an iterative planning approach that focuses on maintaining flexibility and consistency throughout the project management cycle. In project management, it is essential to have a comprehensive understanding of the work breakdown structure of a project. The Work Breakdown Structure (WBS) is a deliverable-oriented hierarchical decomposition of the work necessary to accomplish the project's objectives. It establishes the project's framework and scope, which enables the creation of an effective project plan.
Progressive elaboration allows project managers to make decisions, updates and improvements based on project progress, changes, and risks. Project managers use the top-down approach to planning projects. A high-level project Work Breakdown Structure (WBS) is created before further decomposing the work packages. Progressive elaboration helps project managers to identify and manage risks, create realistic project schedules and costs, and continuously align the project to meet the organizational goals.
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The Federal Reserve has a number of goals including low unemployment, price stability and sustainable economic growth. What does the Fed use to reach these goals
Answers
To attain its monetary policy goals, the Federal Reserve uses the following tools:
Reserve requirementsDiscount rateOpen market operations. What is the Federal Reserve?The Federal Reserve is the central bank of the United States.
The Federal Reserve (Fed) has the responsibility of managing the monetary policy of the government by ensuring a monetary supply that meets the government's targets.
Through the open market operation, the Fed buys and sells bonds and regulates the money supply.
Thus, to attain its goals of low unemployment, price stability, and sustainable economic growth, the Federal Reserve uses the following tools:
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what types of services are offered by 2022 altima’s available nissanconnect® services powered by siriusxm®?
Answers
The types of services offered by the 2022 car is known as Convenience, Safety and Security.
The car's nissan-connect is a special features which allows the driver or car-user to remotely access the vehicle functions from the mobile device or smart-watch.
Hence, the section of navigation, entertainment and security are remotely control through the device specifically produced for the car.
In conclusion, the types of services offered by the 2022 car is known as Convenience, Safety and Security.
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Social media has been very active in terms of spreading the word about practically anything and everything. As a budding entrepreneur, how can you take advantage of this trend to churn out potential opportunities? List down potential business that you see.
Answers
Answer:
Social media represents the largest available market for any business, simply because of the sheer amount of people that are connected to these platforms.
Businesses can create pages on social media to reach their potential customers, or even buy ad space in the platforms, in order to obtain more effective results.
Potential businesses are just about anything, from the sale of perishable goods like fresh produce, to durable goods like cars or houses, to the sale of professional services like lawyer services or accounting services.
Tayco Corporation has just paid dividends of $3 per share. The earnings per share for the company was $4. If you believe that the appropriate discount rate is 15 percent and the long-term growth rate in dividends is 6 percent, and earnings is 6 percent, then the firm's P/E ratio is
Answers
Answer:
the price earning ratio is 8.33
Explanation:
The computation of the price earning ratio is shown below:
P/E Ratio is
= share price ÷ Earning Per share
where,
The price of a share is
= 3 × 106
= $3.18
And, the earning per share is
= $4 × (1.06) ÷ (0.15 - 1.06)
So, the price earning ratio is
= (3 × (1.06) ÷ 4(1.06)÷ (0.15 -0.06))
= 8.33
Hence, the price earning ratio is 8.33
ABC Inc. expects to have earnings per share of $6 in the coming year. Rather than reinvest these earnings and grow, the firm plans to pay out all its earnings as a dividend (payout rate of 100% ) and could maintain this level of dividends forever in the future. With these expectations of no growth, ABC 's current share price is $60. Suppose ABC Inc could cut its dividend payout rate to 55% for the foreseeable future and use the retained earnings to open new stores. The return on its investment in these stores is expected to be 12%. Assuming its equity cost of capital remains unchanged, what will be the stock price under this policy? $71.74 $78.72 $64.29 None of the above $67.24
Answers
The stock price under the policy of cutting the dividend payout rate to 55% and using retained earnings to open new stores will be $64.29.
To calculate the stock price under the new policy, we need to consider the perpetuity of dividends from the retained earnings and the growth rate of these dividends. Currently, the firm has a payout rate of 100%, meaning all earnings are distributed as dividends, and there is no expected growth in dividends.
Under the new policy with a dividend payout rate of 55%, the firm will retain 45% of its earnings to open new stores with an expected return of 12%. The cost of equity capital remains unchanged.
The perpetuity formula for the dividend payments from the retained earnings can be expressed as follows: Dividends = Retained Earnings x Payout Rate / Cost of Equity Capital.
Using this formula, we can calculate the new dividends per share after the policy change:
Dividends = ($6 x 0.55) / 0.12 ≈ $2.75.
With a payout rate of 55%, the dividends are expected to grow at a constant rate, which we can calculate using the Gordon Growth Model: Growth Rate = Retention Ratio x Return on Investment = (1 - Payout Rate) x Return on Investment.
Substituting the values, Growth Rate = (1 - 0.55) x 0.12 = 0.054.
Now, we can calculate the stock price using the Gordon Growth Model: Stock Price = Dividends / (Cost of Equity Capital - Growth Rate).
Substituting the values, Stock Price ≈ $2.75 / (0.12 - 0.054) ≈ $64.29.
Therefore, the stock price under the new policy would be approximately $64.29.
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Chrome,Edge,Safari,and Firefox are all
Answers
Answer:
Web-browsers
Explanation:
Answer:
Search engines
Explanation:
spring break has jack traveling to the beach. before departing on his journey, he takes some sleep-inducing cold medication. he breaks his leg after falling asleep behind the wheel and colliding with a tree on the highway. which of the following is the hazard in this context? jack. broken leg. knowing how to drive. spring break. taking the medicine
Answers
Answer: im pretty sure its jack
Explanation: