Answer:
A.) Revenue Recognition
B.) Full disclosure
C.) Expense Recognition
D.) Historical Cost
Explanation:
Revenue Recognition principle maintains theta revenue is entered into the income statement onev it is earned or incurred without necessarily waiting till cash is paid.
Expense Recognition is usually related to when assets are being converted into expenses such that cost of asset is apportioned over the useful years of the asset.
Full Disclosure maintains the release or disclosure of information related ongoing business operations such as pending lawsuit during the disclosure of business financial statement.
Historical Cost: This involves value recorded on the balance sheet that portrays the original amount paid to acquire an asset at the time of purchase
Transparent, involved, & Empathetic
Transparent – The employees feel a sense of trust in a transparent culture, since they can express their thoughts.
Involved – in helps us employees who have the same shared interest since we are offered a lot of on the job learning and training programs
Empathetic – Our develops need to understand how the users are interacting with our software so can they can improve the product we are selling. When our managers recognize the concerns, they are most effective in that instance.
Answer:
To reach full employment (reduce inflationary gap), government spending must fall by $8 million.
Explanation:
Multiplier = 1 / (1 - mpc) = 1 / (1 - 0.8) = 5
Output gap = Current GDP - Potential GDP = $100 - $60 = $40 million
Amount of change in government expenditure needed = Output gap / mpc = $40 / 5 = $8 million
Since the Potential GDP is less than the Current GDP, this implies that the government spending must fall by $8 million to reach full employment.
Therefore, to reach full employment (reduce inflationary gap), government spending must fall by $8 million.
<span>National Electronics needs to lower their price because of the double inventory. Big Buy Electronics, on the other hand, needs to lower their price, too, to compete at the market. If the company will not do this, they will get lower sales at that given time. </span>
