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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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I would say thats a business operations need!

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Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the b
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What amount should be recorded as Bad Debt Expense for the current year?
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Estimated Percentage Uncollectible: 3%
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Up to 120 days past due:
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4 0
2 years ago
Cho biết hàm cầu đối với một loại hàng hóa nhất định là ( USD / đơn vị sản phẩm ) P = -0,21. Q ^ ( 2 ) -0,84.Q+ 50 Thặng dư của
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5 0
3 years ago
Evaluating your payoffs as gains or losses relative to an arbitrary baseline distorts your decisions and is a problem associated
7nadin3 [17]

The study of an agent's or individual's decisions is known as decision theory. The official decision-making process concludes with evaluation. Evaluating the consequences may assist the decision-maker in learning lessons that will help her make better decisions in the future.

  • Loss aversion is the correct answer because the general notion of the "loss-aversion" theory is that if an individual is provided with two equal alternatives, one of which is presented in terms of prospective profits and the other in terms of potential losses, the former option will be chosen.

  • Loss aversion is a cognitive bias or psychological phenomenon that explains why the agony of losing is twice as powerful psychologically as the pleasure of winning.

Therefore, representativeness, cognitive bias, and overconfidence are not factors relative to an arbitrary decision distortion. So, Loss aversion is the correct response to the question.

For more information regarding arbitrary baseline, refer to the link:

brainly.com/question/11224360

5 0
2 years ago
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mafiozo [28]

Answer:

d) Neither A nor B

Explanation:

Poverty refers to a financial state wherein an individual is unable to meet the most basic needs for survival such as food clothing and shelter.

Absolute poverty refers to a state wherein the income of a household is below a certain threshold level which makes it hard to meet the basic necessities of life such as food, shelter, water and sanitation.

The concept of relative poverty makes a comparison i.e relatively to others. When one is relatively poorer than others. The person in such a scenario may be able to meet his ends but relative to other households income, shall be termed as poor.

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