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k0ka [10]
3 years ago
9

Which accounting principle states that a company should record revenues when they provide goods and services to customers?

Business
1 answer:
EastWind [94]3 years ago
5 0
Revenue Recognition Principle

An accounting principle that states that a company should record revenues when they provide goods and services to customers.
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A stability strategy is a grand strategy that involves little or no significant organizational change. For example, Love Forever
zloy xaker [14]

Answer:

The correct answer is True.

Explanation:

A stability strategy seeks to remain as long as possible in the maturity phase (or stability) of the company, reaping the fruits of the investments made. A survival strategy seeks to survive in a hostile environment, while retaining its market share.

In general, stability and survival strategies are defensive strategies, that is, strategies that seek to maintain the competitive position achieved by the company. This fact does not mean that the company cannot grow; in fact, on many occasions, to maintain market share growth is necessary (sustainable growth). In other cases, these strategies involve a decrease (organizational downsizing, outsourcing or outsourcing of activities).

These strategies are designed for the level of corporate strategy, although they can also be adopted for competitive or business strategies, as they allow the analysis for each business or activity to which the company is engaged.

4 0
3 years ago
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Select two skills and two personal values that you feel you have to offer in the workplace. Discuss the importance of these skil
klemol [59]
For me the two personal values its to bring Sarcastic Humor to the work place and Value to make hard descisions. Why are these things inportant? Well because If you bring comedy it boosts moral in the office and the ability to make hard desicions is useful to get a higher postion in your job.
6 0
3 years ago
The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
A food product is pulled from the consumer market after preliminary testing, before data conclusively proves that it causes panc
raketka [301]

Answer:

The precautionary principle

Explanation:

7 0
3 years ago
Sunland Company paid dividends of $4800. As a result of this event, the Dividends account was increased by $4800. Dividends acco
Kaylis [27]

Answer:

Dividends account was decreased by $4800.

Explanation:

When dividends are declared, a temporary account called dividends is created. It is a contra equity account that decreases retained earnings account and has a debit balance (although it is included under stockholders' equity). Once the dividends are paid, this account is cancelled.  

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