The law suit that The customers are going to give here is based on the product liability.
<h3>What is a product liability?</h3>
This is a suit that is made against a company due to the fact that they allowed a defective good to be bought by a consumer.
The company is being sued due to the fact that the customers are injured fron the defective bicycle.
Read more on product liability here: brainly.com/question/25754997
Answer: Prior period adjustment resulting from the correction of an error.
Explanation:
The Cash basis method is not acceptable under both IFRS and U.S. GAAP accounting principles and these are the principles followed by the majority of the world so Lore Co. was using the cash basis in violation of both conventions which means that their accounting records before the change are considered wrong and full of errors.
In changing to the acceptable principles, they are correcting that error and need to adjust prior periods for that error as well.
Answer:technological environment, economic and legal environment, competitive environment
Explanation:
The correct answer is personal income.
A country’s personal income is the amount of income received by all of the country’s people in a given time period.
Answer: d. both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.
Explanation:
Iris will want Joss's services but they will be unable to afford them as Iris is only willing to pay $500 whereas Joss wants $1,200 for the job.
The same goes for Daphne who is only willing to pay $800.
Both of them will therefore want to hire Joss but will be unable to.
Joss could however charge both of them their willingness to pay and then sum the cash up and give them both the research whilst still making a profit.
