B) A unilateral contract.
<h3><u>What exactly is a unilateral contract?</u></h3>
In contrast to the more typical bilateral contract, a unilateral contract is a sort of agreement where one party (also known as the offeror) makes an offer to another individual, business, or the general public. The offeree must carry out the act or provide the service specified in the agreement in order to get what the offeror promised.
While there are no promises made in a unilateral contract, there are fixed agreements and commitments between two parties in a bilateral contract. Instead, the offeror asks the offeree to fulfill a request, execute an act, or render a service.
<h3><u>What do you need to understand about unilateral contracts?</u></h3>
Although only one party is making a pledge in a unilateral agreement, it is nonetheless legally binding.
A task must be completed in order to accept a unilateral contract.
The unilateral agreement's act is not required to be carried out by the offeree.
Learn more about unilateral contracts with the help of the given link:
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Answer: The matching principle <u>"d. states that the revenues and related expenses should be reported in the same period".</u>
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Explanation: The application of this principle is a consequence of double entry; In the specific case of the Correspondence Principle we refer to the relationship that exists between an income and expense at the time of registering a transaction. It can be summarized in the following statement:
For every income there is an expense and for every expense there is an income.
Answer:
a. 5 years
b. Yes they will because the payback period is 5 years.
Explanation:
a. Payback period
First calculate the annual cash inflow:
= Net income + Depreciation
= 66,500 + 28,500
= $95,000
The investment cost was $475,000
Payback period = Investment cost / Annual cash inflow
= 475,000 / 95,000
= 5 years
b. The company will purchase the games because they have a payback period of 5 years.
- Limit the cards you open: limiting the card you open reduce you from using your credit card for to many purchases
- Never carry a balance: make paying with cash your first method of payment
