Answer:
Deception
Explanation:
False advertisement is the use of false, misleading, or unproven information to advertise products to consumers. For Example, one type of false advertising is to claim that a product has a health benefit or contains vitamins or minerals in their product whereas actually it does not. This is called "Deception".
Deceptive advertising, also known as false advertising, The use of confusing, misleading, and untrue statements when promoting a product.
If the product representation creates a misleading impression in the mind such as to the price, value or the quality of any goods and services then the behavior is likely to breach the law.
Advertising law will protect consumers from deceptive advertising through the enforcement of specific legislation.
Answer:
an understatement of assets and an understatement of revenues.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
Hence, failure to prepare an adjusting entry at the end of a period to record an accrued revenue would cause an understatement of assets and an understatement of revenues.
Answer:
120%
Explanation:
Given net sales;
Year 1996 = $690000
Year 1997 = $730000
Year 1998 = $828000
With 1996 as the base year, it means the percentage of any year can be computed by dividing the net sales for that year with the net sales for 1996 and expressing the results as a percentage.
1998 sales as a percentage of the base represents
= $828000/$690000
= 1.2
Expressed as a percentage, this is 120%.
Ivan's marginal benefit if he decides to stay open for six hours instead of five hours is $20. The marginal benefit can be solved by subtracting the total revenue of the equivalent hours.
$550 (6 hours) - $530 (5 hours) = $20
