Answer:
c. is liable for a defective product.
Explanation:
The manufacturer can be held liable for a liability in a product which results into any form of injury or damage to the customer.
A defect refers to a kind of imperfection or fault in a product due to which such a product performs below par as per it's mentioned specifications.
In the given case, the customer bought in line skates and went out for skating. The wheels came off (which reflects a manufacturing defect), owing to which she fell and suffered a broken leg.
The injury is an outcome of product manufacturing defect for which the manufacturer shall be liable.
The answer is; identifying ethical and unethical situations.
<em>Hope this helped! :)</em>
Answer:
False
Explanation:
False because the income, expenses accounts are closed to profit and loss account or income summary.
they are closed by transferring the credit balances in revenue a/c and debit balnace in expenses a/c to clearing account income summary.
The assets and liabilities , common stock, equity account are not closed.
Answer:
Ans. The annuity that will be equivalent to the publisher´s advance would be $26.40 per year, for 9 years at 7% interest rate.
Explanation:
Hi, first, let´s bring that $500 to be paid in 9 years to present value, we need to use the following formula.

Where: r is our discount rate (7%) and n the periods from now when she will receive that $500 amount. This should look like this.

Ok, so the equivalent amount of money today of those $500 in nine years is $271.97, but the author wants $100 today so the remaining amount has to be used to find the equal annual payments to be made in order to be equivalent to re remaining balance ($171.97). We now need to use the following equation.

And we solve for "A" like this




Therefore, the equivalent amount of money of $500 in 9 years is $100 today and $26.40 every year, at the end of the year, for nine years.
Best of luck.
Answer:
Revenue that has been earned by the end of December is $ 140,000
Explanation:
When entity uses the accrual method of accounting, the transaction is recorded as and when it occurs.
The subscription revenue received relates to services to be rendered over 12 months. Therefore the Revenue is recognised as magazines are issued over - time.
<em>From the first issue June to end of December , there exists 7 issues of magazines.</em>
Revenue to be recognised = $240,000 × 7/12
= $ 140,000