Answer:
D) $25,000
Explanation:
Accrual basis is a method of recording accounting transactions for revenue when earned (rather than when the cash is received) and expenses matched with revenues when incurred (rather than at the time when expenses are paid).
In the year, Grace Company earned revenues: $60,000
Expense incurred: $35,000
Prepaid $8,000 that will be expense next year.
Net Income = Earned revenues - Expense incurred = $60,000-$35,000 = $25,000
Answer: (E) Satisficing
Explanation:
The satisficing is one of the type of satisfactory model that helps in understanding the various types circumstances that helps in creating the various types of decisions.
The satisficing is the process of performing the various types of strategies for achieving the desirable result and it basically explain the various types of behaviors of the decision process.
According to the given question, Gloria is using the satisficing model for the purpose of providing the satisfaction by choosing the best alternative.
Therefore, satisficing is the correct answer.
Unless the question is incomplete, then there is tax on the fruit which is where the other 8 cents is coming from. There is tax on some food items, but not all, so there could be a surcharge of some short that the quick market charges.
Answer:
352,000
Explanation:
add up all the numbers, then you divide by 3
