Answer:
vertical marketing system
Explanation:
Based on the scenario being described within the question it can be said that this scenario represents the first phase of a vertical marketing system. This is a cooperative system of business, in which members work together in order to correctly promote efficient manufacturing and product delivery to the customers, to meet customer needs.
Answer:
b. $8.3 million
Explanation:
A 2013 court verdict then ordered DePuy to pay plaintiffs <u>$8.3 million</u> in damages.
A Los Angeles´s court have ordered Johnson & Johnson´s DePuy orthopedic department to pay more than $338000 for medical cost and $8 million for pain and suffering to plaintiff Loren Kransky. As the company has recalled artificial metal hips which was found defective but DePuy did not took any action against fraud or malice. No punitive damage will be paid to the victim.
Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.
Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.
Based on the above definition, <u>only option C does not align with the matching principle</u><u> </u>because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means <em>cash basis of accounting</em> is being applied.
A. Arrive early.
Explanation:
Dependable: Trustworthy and reliable.
B. Arriving with snacks doesn’t get you anywhere.
C. Arriving late isn’t even up for debate.
D. A day off is a day off for a reason, go home pal.