If Sam had followed the guidelines in the college catalog,
then there will be a valid contract that will be established as the school is
likely to bound itself in honoring its obligations that are set forth in the
college catalog. The correct answer is likely b.
Answer:
Explanation:
Given
and 
Required
Show that they are equivalent
To do this, we simply convert both fractions to either decimal or improper fraction
Using improper fraction
After converting both to improper fraction, we have:
<em>Hence, both are equivalent</em>
Answer:
d. Revenue recognition
Explanation:
The principle of revenue recognition occurs when the revenue is recognized or earned whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here implies that the customer receives the product but the payment was made afterward.
Since the given scenario reflects the violation of the revenue recognition principle.
