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If virtual reality headsets are considered substitutes for game consoles,an increase in the price of virtual reality headsets would,all else equal,
Quick Assets
Liquid assets immediately available to meet current liabilities, including cash, marketable securities, and accounts receivable.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value due to changes in interest rates.
Product Warranty Expense
Costs associated with the repair or replacement of defective products during the warranty period.
Product Warranty Payable
A liability account that represents the amount a company expects to pay to repair or replace products under warranty.
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