The answer is a.
It is true that the effect of the Internet has been to increase a company's bargaining power vis-à-vis its suppliers. Internet<span> services increase the bargaining power a company by helping to find better offers in an easier way and gather the required information to develop much better strategies.</span>
Answer:
true
Explanation:
CVP analysis IS that all costs can be classified as either variable or fixed.
Answer:
This illustrates the principle that;
c.people face trade-offs.
Explanation:
Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;
1. Trade-off
A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.
Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.
Answer:
$3,000
Explanation:
Under the accrual accounting basis, revenue is recognized once the conditions for recognition have been met. This is when the goods have been transferred or the service has been rendered.
Similarly for cost, it is recognized once it is incurred and not necessarily when cash is paid.
Sales of $4600 on account - This will be recognized as revenue
Collected $2200 for services to be performed in 2019 - This is deferred revenue as the service is yet to be rendered.
Paid $1600 cash in salaries - This expense has been incurred.
Purchased airline tickets for $230 in December for a trip to take place in 2019 - This is a prepayment and not yet an expense in p/l.
Net income = sales - expense
= $4600 - $1600
= $3,000
Waterway’s 2018 net income using accrual accounting-basis after accrual is $3,000.
Answer: A. More savings
Explanation:
Delayed gratification, or deferred gratification, describes the process that the subject undergoes when the subject resists the temptation of an immediate reward in preference for a later reward. Generally, delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later.
