The beautyshop, a manufacturer of skin care products, uses only plant-based materials for its cosmetic products. it supports several environmental protection movements and movements defending human rights. this accounts for the company's efforts to build good will and corporate social responsibility. this exemplifies the concept. a. sustainable marketing b. consumerism c. consumer business d. strategic planning

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.