The following information pertains to Gone Company: May 1 Customer ordered an installation service to be done by GoneCompany on May 15. May 2 Customer paid cash for the installation job to be done on May 15. May 8 The Gone Company purchased installation supplies on account for the job. May 15 The installation job was started and completed. May 20 Amount owed for supplies purchased on May 8 is paid. Assuming that Gone Company uses accrual-basis accounting, when would the company record the expense related to the supplies?

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?