Answer:
A. True
Explanation:
This two principles i.e matching principle and the revenue recognition principle are interrelated to each other
The matching principle is that the principle in which the expenses of a particular period and the revenues incurred of a particular year should be matched.
Whereas the revenue recognition principle stated that whenever the revenue is earned it should be recorded whether cash is received or not
So for recording the adjusting entries, these two principles are required
Answer with its Explanation:
The target costing is a costing technique that helps to reduce the cost of the company operations by setting cost targets for the operations. The first step under target costing is to set a selling price for the product and the second step is to set the target profit margin. Now at this position we are able to derive the target cost by taking the difference of profit margin and the selling price of the product. At this stage the actions and reforms required to achieve this target cost are determined and implemented in the current operating activities. The best part of the target costing is that it says that the pricing though matters but the main aspect of a product success is its cost controls. If the company is able to control the cost of the product then it can control the movement of prices in the market. So target costing specially focuses and stresses upon cost control procedures.
As Target costing is all about cost controlling and can be applied to any sector. In Ghana, target costing will help to control the cost of the services that the banking sector renders to its customers. This reduction in services cost can be achieved by automation, installation of new softwares, Investing in automated teller machines, etc. By gaining efficiencies, the banking sector will substantially reduce its cost thus achieving its target cost.
By achieving the target cost the bank will have to sell at the same rate as the bank had invested its time and money in efficiency gaining activities. There are a lot of activities and products that can be automated and that can help to achieve the target cost. For example, promoting internet banking will reduce the cost of ATM management, paper cost, management time, additional branch opening or extension of building, etc. We can see how easily internet banking will assist the banking sector to achieve its target costs.
Answer: promotion mix
Explanation:
The promotion mix refers to the blend of several promotional tools used by the business to create, maintain and increase the demand for goods and services. The fourth element of the 4 P’s of marketing mix is the promotion; that focuses on creating the awareness and persuading the customers to initiate the purchase. The several tools that facilitate the promotion objective of a firm are collectively known as the promotion mic .The mix is the integration of Advertising, Personal Selling, Sales Promotion, Public Relations and Direct Marketing.
In marketing, the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. It has been identified as a subset of the marketing mix.It is believed that there is an optimal way of allocating budgets for the different elements within the promotional mix to achieve best marketing results, and the challenge for marketers is to find the right mix of them
Limited bits may cause some rounding of the mantissa is true a few double variable
<h2>What is a double variable?</h2>
A double type variable may be a 64-bit floating data type
The double may be a fundamental data type built into the compiler and used to define numeric variables holding numbers with decimal points. C, C++, C# and lots of other programming languages recognize the double as a type
Why we use double data type?
Double is more precise than float and may store 64 bits, double of the amount of bits float can store. Double is more precise and for storing large numbers, we prefer double float. for instance , to store the annual salary of the CEO of a corporation , double are going to be a more accurate choice.
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