The approval in which Greg's agrees to buy Hal's sports store on condition that he is approved by first state bank for the financing is condition precedent. The condition precedent is a condition that is required in order something else to occur<span> and must come to pass before a specific contract is considered.</span>
Answer:
Report a prior period adjustment decreasing retained earnings by $1,040,000
Explanation:
Report a prior period adjustment decreasing retained earnings by $1,040,000
Dr Retained earnings $1,040,000
Dr Deferred tax liability $560,000
(35%×$1,600,000)
Cr Estimated warranty liability $1,600,000
Therefore As a result of this change, the firm would Report a prior period adjustment decreasing retained earnings by $1,040,000
<span>This is known as job specialization. Josh cannot do all of the work himself, so he hires others to perform specific tasks for him. He should hire people with specialized skillsets, so that they will be most suited to the jobs he needs them to perform, such as waiters for serving customers and chefs for preparing dishes.</span>
Answer: Intensive distribution
Explanation:
Here, in this particular case Frito-Lay is trying to accomplish the <em>Intensive Distribution</em>. Intensive distribution is referred to as the marketing strategy under which an organization tends to sell their respective commodity through their several outlets or store as, in order to have the individuals and their respective customers confront the commodity virtually almost everywhere.
