Answer:
a. Accrual accounting
Explanation:
Accounting method in which the revenue and expenses are recorded in the month in which its activities occurred regardless of cash is received or paid. Cash-basis accounting is referred to the recognition of revenue and expenses when the cash relating to the activities received or paid. So If we want to recognize revenue during the period in which the related sales activity occurred, we will use accrual accounting method.
Answer:
"A"
Explanation:
Strict product liability is a law established to protect the interest of consumers , where a producer or seller of a product is liable for a defective product , even if the plaintiff demonstrated a degree of negligence.
Under this rule , any person who produces a defective goods is liable if the good should find its way into the market and causes damages to consumer .
In the question , the only point that proves that the good originated from Breakfast foods is the it profits from the sale of its waffle irons.
The answer is b I’m pretty sure
This can be solve by solving first the net profit of the
salon and compare it with money if he works at another salon.
Net profit = gross profit – expenses
Net profit = $150,000 – ($10,000 + $60,000 + $50,000)
Net profit = $30,000
$50,000 - $30,000 = $20,000
The owner could earn more if he work at the other salon
<span> </span>
<span>The
function of money that illustrates this is, “</span>Measure of worth”.
Because we can measure and compare
the value of goods and services with money and it is the common standard to measure
the values. Money is performing a function as medium of exchange when money is used as a midway
to exchange the goods and services.
