Short term goals are more immediate than long term goals
The answer in the space provided is vertical dimension of a
firm’s structure. This is a structure in which a manager is being relied on or
the one who is responsible of executing a command in means of having to control
the employees and the task that they should do.
<span>If these are the missing choices:
</span>A : the Securities and Exchange Commission, income principle
<span>B : GAAP, revenue recognition principle
C : GAAP, expense recognition principle
D : the IRS, tax principle </span><span>
My answer is: </span><span>B : GAAP, revenue recognition principle
</span><span>
The cash-basis is not in accordance with GAAP, and mahogany is in violation of the REVENUE RECOGNITION PRINCIPLE.
GAAP refers to Generally Accepted Accounting Principle.
It is stated that income must be recognized when it is earned not when cash is received. Because the company is using cash-basis, they will only report income earned on July 12 when they received the money not when they earned it which is before their fiscal year ending June 30.
They should recognized receivables from customers before closing the books for the fiscal year. </span>
The answer is interest. whenever you take a car loan from a bank or a financial institution, you always have to pay interest on the amount borrowed or the principal amount. the interest is how the financial institution or bank will earn through lending money
<span>Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is place, the utility created by having the offerings available where consumers need it, on Amazon.com!
Amazon creates one central place for customers to find almost everything they could ever need or want. This keeps their customer base happy, committed and spending on Amazon.com daily. Why shop elsewhere when you can use Amazon.com as a 'one stop shop'? Amazon has built a very loyal customer base by providing options and great customer service. </span>
