Answer:
D) Expected purchase price of each product.
Explanation:
According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.
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Answer:
E. materiality concept
Explanation:
The materiality concept refers to a concept in which it impacts the decisions of the user if there is any small impact. In other words, any small impact could change the user decisions with respect to the financial statement i.e. relevant and useful
Therefore according to the given situation, the Option E is correct
And all the other options are incorrect
Answer:
A. -
Explanation:
First Mover Advantage (FMA) is a marketing or business strategy where the advantage is gained by the initial significant occupant of a market segment.
Capricorn creative inc. being the first to identify the potential in Brazil and make investments is now benefiting from brand loyalty amongst others. By being the first mover/initial they gained competitive advantage in what looks like a monopoly-like status.
It is important to note that not all first movers tho are rewarded. This occurs mostly if the first mover doesn't capitalize on its advantage. In this situation it then becomes first-mover disadvantage.
The statement above is TRUE.
A company which produce a product that is consumed immediately usually have direct contact with customers. And in this kind of situation, the relationship between the customers and the company officials tend to be informal. The company tend to be flexible in their relationship with customers and the structure of such companies tends to be decentralized. Also, the company services tend to be dispersed and horizontal communication usually have preeminence over other type of communication.<span />
Answer:
Total revenue: $46 million
First year costs: $12 million
Estimated first year costs(EFYC): $28 million
Cost to date for the projec (CTD): $12 million
Given this information, the first thing to do is to calculate the percentage % of completion. The formula is stated below.
Percentage of completion ( CTD / EFYC )
CTD / TEC = (12000000/28000000)
CTD / TEC = (42,85%)
Then multiply the Percentage of completion * Total Revenue
42.85%*46.000.000 to obtain the revenue for period 2.
The loss that the company must present in their statements for year 1 is: Loss for period 1 =$12.000.000
