Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result. The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).
Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.
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The average interest rates on savings account today compared to inflation shows that inflation is higher.
<h3>How are savings interest rates and inflation related?</h3>
The current interest rates on savings accounts in the U.S. on average is about 0.08%.
Inflation on the other hand, is 9.1%. This shows that inflation massively outstrips the average savings interest rates.
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Answer:
Entries are given
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
DEBIT CREDIT
April 01
Account Receivable $3,800
Sales $3,800
Apr - 01
Cost of Goods Sold $2,280
Merchandise $2,280
Apr - 04
Sales Return $460
Account Receivable $460
Apr - 04
Merchandise $276
Cost of Goods Sold $276
Apr - 08
Account Receivable $1,400
Sales $1,400
Apr - 08
Cost of Goods Sold $980
Merchandise $980
Apr - 11
Cash $3,340
Account Receivable $3,340
Answer:
percentage-of-sales approach
Explanation:
As the volume of business revenue increases, the percentage of advertising investment over revenue may decrease. The US Small Business Administration recommends between 7% and 8% if sales are less than $ 5 million a year and the net margin is between 10% and 12%.
It seems logical to determine the cost of what we invest in selling, in relation to the sales we are having, for example, the oil companies allocate a penny for each liter of gasoline they sell.
The logic is maintained if we consider that we will never get out of what the company can really afford, our relationship with CFOs will be one of love at first sight, we look great in presentations to management and promote stability.
Of course it does have bad points, and the first is that its approach is wrong because marketing and communication are not necessarily linked to sales.
Answer:
Creating a data warehouse
Explanation:
Customer relationship management or CRM aims at creating and maintaining good customer relationships, providing better customer satisfaction so as to increase sales.
CRM focuses upon providing good customer support and customer feedback.
The primary step, in Customer Relationship management is creating a data warehouse. Data warehouse refers to a database from where extraction of customer details gets convenient.
Such database can be used for data analysis and reveals customer habits and past purchase trends.
