Answer:
Unilateral contract
Explanation:
An unilateral contract is a contract that can only be enforced when the performing party performs the action that he agreed upon. It is only when this actions is completed, that the offering party is obliged to make a payment.
In this case, your boss has offered $75 if you clean the pool. This is an unilateral contract because your boss is only obliged to pay that money once you finished cleaning the pool. If you never clean the pool, you simply will not receive the $75.
Answer:
The correct option is A
Explanation:
Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.
Transaction costs can be of different types which are:
- search costs
- monitoring costs
- Bargaining costs
- transfer costs etc.
The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
<h3>What is a common denominator?</h3>
This refers to the feature that is shared by all members, item, quantity of a subject matter.
Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
Read more about common denominator
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Answer:
d. balance sheet: assets understated, equity understated income statement: revenues understated
Explanation:
The journal entry would be
Account receivable Dr $450
To sales revenue $450
(Being sales revenue is recorded)
Here the account receivable is debited as it increased the assets and credited the sales revenue as it also increased the revenue also the equity would be increased
Therefore if this entry is not recorded so the revenue, net income, assets and equity all are overstated
hence, the correct option is d.
