C. expected profit margins
the mission statement provides information about the company as to who, why and how they plan to operate
It should be Option B since entrepreneurs main aim is usually profit making.
The best answer to the question is (D) copyright law.
Copyright law is defined as <u>exclusive rights that a creator has for his or her creations, which encompasses literary and artistic works, such as ones mentioned in the question: musical compositions, movies, web content, etc. </u>
The other options are unsuitable since <em>patent protection</em> is for inventions, <em>trademark theory</em> is for companies and their products, while<em> free-market case law </em>does not refer to an actual set of laws.
<h2>Only trusted programmers will be allowed to make changes to the project.</h2>
Explanation:
Let us understand first what a "closed source project is". It is quiet opposite to open source. What an open source will have?
- FOSS -Free and open source
- Source will be available to everybody
- User can make changes to the existing code and even release new software
- He can make changes in the software for his own personal use too
- There will be community to collaborate
So all the above will not be there for "Closed source". So the code is not free and it is confidential. Only trusted programmers can work on it.
Answer:
The answer is B. Overstate net income by $38,000.
Explanation:
Accrued expense is an expense that has been enjoyed or incurred but has been paid for. Examples of an accrued expense are unpaid wages/salary, unpaid electricity bill etc.
Usually, the adjusting entry for accrued expense is to debit the expense and debit increases expense while credit decreases it. Since there is no adjusting entry, that means no expense is being recognized on the income statement for this transaction. Hence, the net income increases (overstated). because ordinarily expense reduces net income.
