Monthly sales are $530,000. warranty costs are estimated at 3% of monthly sales, warranties are honored with replacement products. no defective products are returned during the month. at the end of the month, the company should record a journal entry with a credit to:
a. sales for $15,900.
b. warranty expense for $15,900.
c. estimated warranty payable for $15,900.
d. inventory for $15,900.

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration