Answer:
The reason for a civil law suit can be almost any harm or wrongful act done to an individual or business, by another person or business entity. For example, a breach of most contracts can be considered as the reason for a civil law suit. Also, car accidents and misfortunes take a big share in civil law suits.
If a defendant loses in a civil law suit, he usually pays in dollars, as reimbursement for the harm done. Rarely, this results in actual time in prison (behind bars).
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Usually, when harm or potential misunderstanding includes someone you know or work with, the first step is to try to settle things without court. Legal costs can become overwhelming, especially if the problem could be solved beforehand.
Also, the social and relationship aspect is extremely important. If you take a case to the court (especially if the reason is minor and could be potentially settled without the aid of legal entities), the relationship between you and the defendant will always have a hostile notion to it. That is a factor to take into consideration if the defendant is an acquaintance or co-worker.
Answer:
<u>Advertiser</u>
Explanation:
Advertising refers to promoting a product or a service with an objective to enhance it's sales and identify the prospective buyers of a product.
Advertisement medium may include , print media advertisements such as journals, newspapers, catalogs, posters, magazines, etc.
Advertising may also utilize visual space and audio means such as advertisements on radios, televisions, internet, etc.
The process begins with the advertiser who is usually the seller, refers to a person or an organization desirous of selling it's products. The seller decides the method of advertisement as per the kind of products he/she deals in and the cost he/she is willing to bear, since advertisements can be very costly.
The advertiser can be simply defined as the payer for the advertisement.
Answer:
revenues to be overstated.
Explanation:
The sale recorded is not recognized completely at the end of the year and it been recorded in the revenue account. No adjustment has been performed at the year end to settle this accounting issue. The unearned revenue at the end of year which require the services to be performed in future overstating the revenue and understating the liabilities.
The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
<h3>What is the cost of goods sold?</h3>
The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.
In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.
<h3>Data and Calculations:</h3>
Beginning inventory = $1,000
Purchases = $7,000
Ending inventory = $3,000
Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)
Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
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Answer:
The correct answer is $27,440.
Explanation:
According to the scenario, computation of the given data are as follow:-
Term 2/10, n/eom shows 2% percent discount
Discount on sale = $28,000 × 2÷100= $560
(a). We can calculate the account receivable turnover by using following formula:-
Cash refund owed to customer = Amount due on sale - Sales discount
By putting the value, we get
= $28,000 - $560
= $27,440
The amount of the refund owed to the customer is $27,440.
(b). This is same as part (a).
So the amount of the refund owed to the customer is $27,440.
