Which statement about supply curves is correct? A. Supply curves assume that all other variables are held constant
B. The supply curve is formed by connecting points that represent possible combinations of price and quantity purchased by consumers
C. The supply curve can tell you how many items a buyer will purchase
D. A supply curve can be formed for tangible goods but not for services

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?