Answer:
The answer is:
Disagree
The matching principle is violated
Explanation:
The order of a customer worth $40, 000 was received at year end. However, the merchandise will only ship in the year following the fiscal year. When goods are shipped, revenue is recognised on shipping the goods or receipt of the goods by the customer. According to the information provided, merchandise will only be shipped in 2021, therefore the customer will only receive the goods in 2021. Given this information, recognising revenue in the current period would be an incorrect treatment of the transaction and contravene the matching principle. This principle indicates that revenue and the costs associated with the revenue should be recognised in the same period.
The sale should not be recognised in 2020 because the goods' delivery and the costs incurred in delivering those goods will only be incurred in 2021. No indicated payment, cash or otherwise, was received in lieu of this transaction. Recognising this sale in the income statement and the associated asset in the statement of financial position could be misconstrued as an attempted enhancement of Pastel Inc.'s financial position for the 2020 fiscal year end.
Answer:
a) b.20,000
b) b.20,000
Explanation:
a) Number of common stocks issued = 200,000/10
= 20,000
So, 5000 stocks remain with company.
Number of common stocks outstanding = 20000
b) b. 20,000
Sales, profits, orders, and sales ratios are all objective measures
that can be used to evaluate sales. Involves the planning, direction and
control of personal selling activities, including recruitment, selection,
training, motivation, compensation and evaluation of members of the sales
force.
Answer:
B. are part of a firm's marketing strategy.
Explanation:
Segmentation, targeting, and positioning are important steps that must be followed in order to create a Marketing Plan. The idea behind these concepts is to define a market segment and create and strategy to connect the good or services provided with the clients.
Do you mean a bank account or a literal bank?
