Use the Fact Situation in Q3 to Answer the Related

question 71

Multiple Choice

Use the fact situation in Q3 to answer the related question that follows. John's action in pushing Mary constitutes

• A)the tort of assault.
• B)the tort of battery.
• C)the tort of negligence.
• D)the tort of injurious falsehood.
• E)the tort of trespass.

Understand and calculate the contribution margin for product mix optimization.

Assess the financial viability of accepting special orders or further processing decisions.

Apply the total cost and sales price methods to pricing decisions.

Understand the concept of incremental analysis and its application in making business decisions.

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Definitions:

Original Entry

The initial recording of a financial transaction in the accounting records or journal.

General Journal

A basic accounting record where all types of transactions are initially recorded before being posted to specific accounts in the general ledger.

General Ledger

A complete record of all financial transactions over the life of a company.

Debit Balances

Accounts on the left-hand side of a double-entry bookkeeping system that typically signify assets or expenses.