Answer and explanation:
Implementation of projects is important to strategic planning and the project manager because it finds out how successful a project could be according to the goals set to accomplish the objective. In the process, it unveils issues and challenges that were not anticipated that can be solved in time, providing the desired or a better version of the output wanted.
Answer: $22,000
Explanation:
The total revenue to be recognized by Italian Fine Dinning Inc. is the standalone selling price for the franchise services which is $88,000.
As this contract is for a four year period, Italian Fine Dinning Inc will have to recognize the above revenue over a period of 4 years.
Revenue in December 2020 will therefore:
= 88,000 / 4
= $22,000
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
What I would do is to allow employees to select the vendors and products to sell. However, for this action to be successful, I would establish clear criteria to be followed by employees so they can select from that criteria what the can and can't offer.
I think a certain degree of autonomy is important for the employee to be better involved in the selling of products. It is like taking into consideration its skill and abilities and let them use them in the workplace. But as I wrote above, employees have to have some parameters in which they can decide the best option. Those parameters will be approved by top management.
Answer:
Revenue
Explanation:
In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.
It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.
