Answer:
All of them are correct.
Explanation:
Materials are processed to distribute to costumers, that's a fact. Also supply, production and distribution are part of a total, bigger system, and particularly they have their own departments, because each process is complex enough to require a hole system itself.
Answer:
boundary spanning
Explanation:
Boundary spanning -
The term boundary spanning was given by Tushman in late 1950's .
It is the term used to describe an individual in the innovation system , whoes role is to link the internal work of the organization with the external work .
From the statement of the question , the example is for the term boundary spanning .
Answer:
Land in the consolidated balance sheet 650,000
Explanation:
In the consolidated balance sheet, the land of the controlled firm will be at fair value. But, the parent land will be kept at cost as there wasn't a transaction with a third party to validate the market value. Because of this and according to the conservatism principles about assets valuation the aldn must be at cost.
Land:
Princeton 150,000 book value
Sheffiled 500,000 market value
Total 650,000
Answer:
c)accrual basis accounting
Explanation:
Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.
In accrual basis accounting:
Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).
The cost of sales in the statement of comprehensive income must be matched with the sales. Income and ‘matching’ expenses must be reported in the same financial period. In other words, when the revenue is recognised from sale then the cost must also be recognised in the similar accounting period.
Other expenses should be charged in the period to which they relate, not the period in which they are paid for.
So based on the above discussion, the answer is c)accrual basis accounting
Answer: Reference price
Explanation:
According to the question, the manufacturer suggested retail prices (MSRP) is basically used as the the reference price as it is refers to the price where the buyer willing to pay the price for the products and the services in the market.
It is also known as the competitor pricing and the reference pricing is mainly used by the high volume buyers.
The reference price make easily accessing the quality of the products and its actual price to the customers in the market for avoid any type of confusion.
Therefore, Reference price is the correct answer.
