Market research.
The firm often goes into uncharted Territories for themselves and takes heavy risks in places unknown to them.
For example, McDonald’s Setting up operations in India made its menu suit the Indian taste pallet and was able to carve out a market shape.
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Answer:
The adjusting entry needed on December 31 is:
Debit Unearned Rent revenue $10,800
Credit Rent Revenue $10,800
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.
The tenant paid five months' rent in advance on October 1. From October 1 to December 31, Vista View Company had rented warehouse space to a tenant for 3 months.
The adjusting entry needed on December 31 is:
Debit Unearned Rent revenue $10,800 ($3,600 x 3 = $10,800)
Credit Rent Revenue $10,800
Answer:
The correct answer is letter "A": Standards of field work.
Explanation:
The Generally Accepted Auditing Standards or GAAS are the rules auditors follow when analyzing the financial statements of a company. The GAAS has three (3) main categories: <em>general standards, standards of fieldwork, </em>and <em>standards of reporting</em>. The body in charge of reviewing the GASS is the Auditing Standards Board (ASB).
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of profitability pricing objectives, a relationship between the benefits provided by a certain operation or thing and the investment or effort that has been made; when it comes to financial performance; it is usually expressed in percentages.
Answer:
C
Explanation:
A.private investment decreasesB.it has no immediate effect on the economy.C.the government can stimulate the economy when income is unusually low.D.the public does not voice concern about the national budget
A deficit occurs when government spending exceeds income either because it spends more than it earns or taxes are too low
A balanced budget is when government spending equals income
benefits of a budget deficit
- it allows the government to carry out stabilization policies
- it allows the government spread discretionary tax overtime
