Consider the Following Events for Sophia Incorporated:
April 5 $\quad$

question 47

Multiple Choice

Consider the following events for Sophia Incorporated:
April 5 $\quad$ Sophia purchases volleyballs for $\$ 200$ on account.
April 6 $\quad$ Sophia advertises a sand volleyball camp for $\$ 20$ a person.
April 12 $\quad$ Thirty people sign up for the camp paying a total of $\$ 600$ .
April 21 $\quad$ Sophia hosts the sand volleyball camp.
April 23 $\quad$ Sophia pays for the volleyballs purchased on April 5.
Under cash-basis accounting,what is the appropriate day to record the expenses related to the sand volleyball camp?

• A)April 5.
• B)April 12.
• C)April 21.
• D)April 23.

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Definitions:

Energy Efficiency

Refers to using less energy to provide the same service or achieve the same level of function.

Goods

Physical items that satisfy human wants and provide utility, which can be bought, sold, and used.

Renewable Natural Resource

A resource that can be replenished naturally over time, such as solar energy, wind, and biomass.

Aquifers

Underground layers of water-bearing permeable rock, rock fractures, or unconsolidated materials from which groundwater can be extracted.