Product organisation is the grouping of sales and production efforts of a business as per the line of products and services of the business. This kind of organisation is chosen by businesses when they have some different product lines and they require special expertise for marketing and distributing them.
Answer: a. At the end of Year One, the company's liabilities are understated.
Explanation:
Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.
In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.
In a within-groups design, there are two types of this design which are:
- The repeated-measures design
- The concurrent-measures design
<h3>What is within-groups design?</h3>
A within-groups design is known to be a kind of an experimental design that is one where each participant is said to often experiences the total levels of the independent variable.
Note that there are two types of this design which is the repeated-measures design whose role is to measure or one where participants are said to be opened to a lot of levels of the independent variable and they are known to be tested on the dependent variable after every exposure.
The second is said to be the concurrent-measures design and this is one where participants are said to communicate with the different levels of the independent variable in a simultaneous way..
Hence, In a within-groups design, there are two types of this design which are:
- The repeated-measures design
- The concurrent-measures design
Learn more about concurrent-measures design from
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Answer:
$383,565
Explanation:
For the computation of accounts receivable balance first we need to find out the number of days which is shown below:-
Number of a day = Sales ÷ Number of days in a year
= $4,000,000 ÷ 365
= $10,959
Now
Accounts receivable balance
= Days × Number of day
s
= 35 × $10,959
= $383,565
Therefore for computing the accounts receivable balance we simply applied the above formula.
Here we assume the number of days in a year is 365
Answer:
C) $4,500.
Explanation:
The interest expense for one year is $6,000 (100,000 * 6%). The Accrual Principle of Accounting requires entities to record expenses in a period in which they are incurred and not when paid. So, we have to record the interest accrued for nine months that is from April to December.
⇒ Interest Expense at Year End = (6,000 / 12) * 9 = $4,500.