<h2>Estimated losses on the overall contract are recognized before the contract is completed. </h2>
Explanation:
Revenue recognition cannot be done prior to the completion of contract.
But the asset can be created. Only after the contract gets completed the revenue recognition can be realized.
For a long-term project, the revenue can be recognized based on the percentage of completion.
Revenue recognition keeps financial transactions aligned.
Option A: valid
Option B Invalid, because expenses are also recognized
Option C: This process is acceptable.
Option D: Gains and profits are calculated in this type of method
The answer to the given question above would be option C. The reason why research <span>and development is an integral part of the designing and producing process of an aerospace product is that, the </span><span>aerospace industry is constantly pushing the limits of technology. Hope this answers your question.</span>
The strategic alliance between GM and Lyft allows GM to hedge against uncertainty by giving GM access to the market of the future, increasing its market innovation.
Through this strategic alliance, GM demonstrates innovation in its processes by investing in a car rental market, as there is an expectation that in the future there will be a drastic reduction in private cars.
<h3 /><h3>What is a strategic alliance?</h3>
Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.
Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.
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<span>The answer is ordinal data or scales. The ordinal type
allows for rank order by which data can be sorted, but still
does not allow for relative degree of difference between them.
The items in this scale are ordered, ranging from least to most satisfied. This
is what differentiates ordinal from nominal scales. Unlike nominal scales,
ordinal scales permit comparisons of the degree to which two subjects have the
dependent variable. For instance, our satisfaction ordering makes it expressive
to state that one person is more satisfied than another with their microwave
ovens. Such statement replicates the first person's use of a verbal label that
comes later in the list than the label chosen by the second person.</span>
A master budget is such a budget where the fixed costs cannot change from one month to another; and monthly budgets are derived by dividing the master budget by 12.
<h3>What is a master budget?</h3>
The method of budgeting, which involves the total or aggregation of small or sub-budgets, which is backed by a financial plan, is known as the preparation of a master budget.
Hence, option C and D hold true regarding master budget.
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