Answer:
true
Explanation:
GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.
Answer: (E) Meaningful, believable, and distinctive
Explanation:
The advertising appeal is one of the type of communication process in which the the various types of organizations and the companies using this business strategy for promoting their brands and the products in the market.
The main objective of the advertising appeal is to creating awareness and inform customers or users about the new brands, various types of products and the services in the market.
According to the given question, there are mainly three type of characteristics of the advertising appeal that are as follows:
- Meaningful
- Distinctive
- Believable
The main aim of the meaningful characteristic is to make the product more interesting to the customers by highlighting its various types of meaningful advantages. Distinctive makes the product unique from all the products available in the market and believable appeal ensure the customer about the accurate delivery of the products.
Therefore, Option (E) is correct answer.
Answer:
Sunk cost
Explanation:
-Incremental cost is the total cost of producing an additional unit.
-Sunk cost is a cost that has already been paid and that it is not possible to get it back.
-Out-of-pocket cost is a cost that requires a direct payment in the actual period.
-Opportunity cost is the cost of not receiving a benefit when you choose an alernative over another one.
-Period cost is a cost that is not associated with the production of goods.
According to this, the answer is that the $14 per unit is a sunk cost because the company has already spent that manufacturing the products and it is not able to recover that money.
Answer and Explanation:
The complementary goods are those goods which are used together while on the other hand the substitute goods are those goods that are used in place of one another
Based on this, the classification is as follows
1. Complementary goods
2. Substitute goods
3. Substitute goods
The above represents the classifications
Answer:
The correct answer is B
Explanation:
The journal entry which is to be recorded for the service revenue at the end of May is as follows:
Unearned Revenue A/c..............Dr $5,333
Service RevenueA/c...........Cr $5,333.
Working Note:
Revenue = Total amount × Number of months / Total months
where
Amount is $8,000
Number of months means at the end of May which is a 2nd month
Total months is 3 months (April, May and June)
= $8,000 × 2 / 3
= $5,333
