Answer:
Beautiful Clocks
It should be a large Golden (50th Year) Anniversary Ornamental Clock with gold-tinted background.
Explanation:
This type of clock will be handy for those who want to celebrate their friends' 50th birthdays and other anniversaries. It will also immortalize the Beautiful Clock Company as an entity that lives with the time. This clock will be exciting to its affluent clientele, who are always in celebration moods.
Answer: Strict product liability
Explanation:
Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.
Based on the different types of laws that exists, The procedural law covers the ways of enforcing the rights of people.
<h3>What is the Procedural law?</h3>
This is a type of law that is concerned with seeking for redress to the wrongs that may have been done and also helps to enforce the rights of people.
The importance is that it is what establishes the operations and the ways that courts conduct themselves.
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Answer:
No effect
Explanation:
As with opening of petty cash fund, there is an exchange in the form of asset.
The free cash is now divided in two parts, cash and petty cash.
Both are assets and the closing balance of cash in balance sheet is aggregate of free cash and petty cash.
Therefore, there is no impact in the total assets as now free cash is petty cash which is later added to free cash.
Pablo Management has five part-time employees, each of whom earns $250 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4 New Year's Day. (January 1) was an unpaid holiday.
1. December 31 Wages expense (debit) 1250
Wages Payable (credit) 1250
2. January 4 Wages expense (debit) 3750
wages payable (debit) 1250
Cash (credit) 5000
<h3>What are Wages?</h3>
A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame. The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
A person's pay is the sum of money that is routinely given to them in exchange for the labour that they perform. He now makes more money.
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