Answer:
An Accrued Receivable transaction
Explanation:
Before the receipt of cash recording a revenue is the example of accrued receivable because product is sold or services are already been performed on which basis transaction is occurred and recorded. So, the receivable is recorded against the revenue entry.
The journal Entry for this transaction will be as follow
DR. Account receivable xxx
CR. Revenue xxx
Answer:
Options 1 - 4 are True but 5 is FALSE
Explanation:
All options given are indicators of economic growth and strong economic performance
When considering the economic prospects of a country, it can be said that: 1. the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover <em>because the last-mover has the chance to learn from the mistakes of the first-mover and perfect on them</em>
2. countries which do not have property rights protection tend to achieve greater economic growth rates because<em> </em><em><u>prosperity and property rights are inextricably linked</u></em><em>. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers</em>
3. the economic system and property rights regime are reasonably good predictors of economic prospects of a country because <em>widely accepted explanation is that </em><u><em>well-enforced property rights provide incentives for individuals to participate in economic activities, such as investment</em></u><em>, innovation and trade, which lead to a more efficient market.</em>
4. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth because as stated in 3 above <u><em>ill-enforced property rights does not provide incentives for individuals to participate in economic activities, such as investment</em></u><em>, innovation and trade, which lead to a more efficient market.</em>
5.countries with command economies tend to achieve greater economic growth rates than free market economies.
<em>This is FALSE because one of the Command economy disadvantages include lack of competition and lack of efficiency.
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The answer to the question above is a term called global digital divide.
Global digital divide refers to the global inequalities that occurred in the adoption of computing and information resources and opportunities that can be received from these resources between developing and well-developed countries.
An example of this would be internet speeds, which can vastly differ from one country to another – even the lowest package available in the U.S.A, for example, can be faster than the mid-tier package offered in Cambodia.
Answer: to average the squared forecast errors.
Explanation: Mean Squared Error MSE is used to measure accuracy and uses the average of squared errors. The errors are calculated by comparing the predicted figures with the actual numbers. The MSE is a positive value and when it produces a value close to zero, it indicates a better estimate quality than larger numbers.
MSE is calculated by subtracting the actual observation from the predicted value. This gives us the error. The errors are then squared, added up and their mean/average calculated.