Answer:
it is a family of ethical theories that promotes actions that maximize happiness and well being for individuals
The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>
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The revenue recognition principle is a feature of accrual accounting which requires that revenues are recognized on the income statement, in that time period when they are earned and realized, not necessarily when the cash is received.
The principle is important because it enables a business to show profit and loss accurately, since the revenue is recorded when it is earned, not when it is received. Usage of this principle also helps with financial projections, which allows the businesses to project future ventures more accurately.
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Answer:
it is an area of functioning over which someone has legal authority to perform
Answer:
The conditions described, the results wanted and the solutions taken in real time. All those elements and desires can be achieved with Internet of things (IoT).
Explanation:
With IoT we can create a system of interrelated computing, mechanical, digital machines or objects identified in a unique way, those elements will be capable of transfer information over a specific network without human-computer interaction or human to human interaction. In this way and for this particular case with IoT we will be capable of create smart transportation models capable of reroute based on local traffic conditions and further events.
Answer:
Seasonal discount
Explanation:
A seasonal discount is a discount that has been put on the goods out of the season so when people purchase it they get a huge discount. In this discount, the prices of a product get reduce the people who can purchase the same thing at a low price. This is also called a seasonal promotion. In this discount procedure, people get a discount on brands and varieties. In the fashion industry, the retailers offer a discount on summer clothes when summers nearby end and offer winter clothes when winters are at the end.
