<span>According to the feasibility analysis framework, an entrepreneur who has a vision of a multi-unit company will be satisfied with an attractive niche if it would serve as a point of entry for long-term potential.</span>
Answer:
$4,365
Explanation:
The computation of the total estimated warranty payable is shown below:
= Sales revenue × estimated warranty expense percentage
= $97,000 × 4.5%
= $4,365
By multiplying the sales revenue with the estimated warranty expense percentage we can get the total estimated warranty payable and the same is shown in the above computation part
Answer and Explanation:
The number of topics for merger and acquisition:
⇒ It's ASC 805
The specific topic amount for related party revelations:
⇒ It's ASC 850
The subject, subtopic, as well as section amount for initial internal-use software assessment:
⇒ It's ASC 350–40–30
"Intangibles – Goodwill as well as Other – Internal – utilization Software – Initial Calculation".
Again for corresponding calculation of asset retirement responsibilities, the subject, specific topic as well as segment quantity:
⇒ It's ASC 410–20–35 FASB
The subject, specific topic, as well as segment quantity for stock recompense identification:
⇒ ASC 718-10–25 FASB
Answer:
Yes
Explanation:
Yes, as long as Joe is able to recover the money that he has spent on advertising and still increase his profit, then he should advertise. In this scenario, he wants to spend a fixed $1000 monthly on ads. If these ads generate an increase monthly sales of $3,000 as expected, then this means that Joe's restaurant will increase their total profits by $2,000 after recovering what they spent on the ads. This is what ads are for.
The four general accounting principles from the provided options are going concern principle, time period principle, full disclosure principle and revenue recognition principle.
<h3>What are accounting principles?</h3>
Accounting principles are the rules and guidelines which guide the accounting users in preparing and finalizing the accounting reports.
The principles of accounting are as follows:
- Going concern principle is a concept that treat a business firm to have an indefinite life.
- Time period principle states that the activities performed by an entity should be bifurcated into various periods.
- Full disclosure principle signifies that each and every material information must be reported in the accounting statements and none of the information should be hide out.
- Revenue Recognition principle is the one where an income is recorded when it is actually earned and the expense is recorded when it is charged. The cash receipt and cash payment would be irrelevant in this concept.
Therefore, the principles related to accounting process has been explained as above.
Learn more about the accounting principles in the related link:
brainly.com/question/16874947
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