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

question 124

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 revenues related to the sand volleyball camp?

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

Identify the conditions under which a promise of employment may be legally enforced.

Understand the concept of a firm offer and its significance in contract law.

Understand the role of self-assessment in personal and professional development.

Recognize and apply strategies for effective goal-setting.

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Definitions:

Liquid Natural Gas

A form of natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.

Natural Gas Transportation

The process of moving natural gas from its production site to the end user, typically involving pipelines or liquified natural gas carriers.

Oil Shale

A type of rock that contains significant amounts of organic material in the form of kerogen, which can be converted into synthetic oil through heating.

Net Useful Energy

The amount of energy available for use after subtracting the energy lost during generation, transmission, and conversion.