<u>Solution and Explanation:</u>
• The Significant dangers and awards of responsibility for products have been moved to the purchaser.
• The dealer holds neither proceeding with the administrative contribution to the degree generally connected with the possession nor powerful authority over the products sold.
• The measure of the income can be dependably estimated.
• It is plausible that the monetary advantages related to the exchange will stream to the vender.
• The cost brought about or to be acquired in regard to the exchange can be estimated dependably. In such conditions, any thought previously got for the offer of merchandise is perceived as an obligation. So therefore, receipt of $1000 received by Tesla as a reservation payment from a customer is recorded as short term liability in its books.
Entry shall be as follows:-
Bank/Cash A/c Dr. $1000
To Advances from Customers $1000
It should be reported as an ordinary<span> gain</span> because the truck is considered as ordinary <span>asset used in the ordinary course of business. The truck was used as service calls apparently used in the normal operation of the company thus the gain on the sale of this asset should be considered </span>as an<span> ordinary gain.</span>
Answer:
The correct answer is operational goal
Explanation:
An operational or operational objective is a short-term goal whose achievement moves an organization towards the achievement of strategic or long-term objectives. In business, operational objectives define a clear, often measurable, result of a commercial operation or process typically expected to be achieved within a single calendar or fiscal year. The business term is normally used in the context of strategic management and operational planning. Operational objectives may be gradual steps or measures towards the achievement of an operational objective.
An operational objective is also called a tactical objective in some contexts, especially when it comes to military operations or tactical public safety planning.
Answer:
D) Tourists would end up receiving great deals for helicopter tours.
Explanation:
A prisoner's dilemma is a paradox formulated by Merrill Flood and Melvin Dresher. It refers to a situation where two competing individuals (or businesses) should cooperate in order to obtain the best possible results, but they do not cooperate because they lack incentive to do so.
When competing individuals do not cooperate with each other, other people will benefit. In this case since Rich and Sheri will not cooperate with each other, their customers will benefit. In order to win more clients, Rich may start to lower the price of his tours, and eventually that will force Sheri to lower her prices in order to not lose clients. At the end, their customers will benefit because they will pay lower prices.
