The realisation principle indicates that the revenue from these ticket sales should be recognised in the period in which the Wine tasting is held.
Explanation:
It complies with Revenue Recognition Accounting Policy 9. It will be a burden for the organization, until the moment services are provided for which the money is taken.
Revenue recognition is a GAAP which defines the specific conditions under which revenue can be recognized. Revenue recognition is a generally accepted concept of accounting. In fact, when the crucial event happened, profits are remembered and the value of the profit for the company is tangible.
For Example, when a product is sold, the profit accounting is relatively straightforward, and the customer pays the products. Nevertheless, the fact that a company takes a long amount of time to manufacture a commodity will confuse accounting. Consequently, there are a number of situations in which the concept of acknowledgment of profit may be excepted.
The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.
<h3>What is the The company attribute about?</h3>
Goodwill by a firm is known to be one that needs to be earned or made in a given time period.
Note that it is one that is seen as the tool for success and profitability. A company's name, as well as their corporate logo, and their trademark will help to increase in value as stakeholders view of the company.
Therefore, The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.
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The answer is letter a, it is because when doing a successful pitch or in order to achieve one, a person is not even required to stand behind a podium as it does not necessarily need or refer to a specific place to stand on when delivering a pitch but it is more important to show the product or service to attract the consumers.
Answer:
before tax corportate bond equivalent: 11.15%
Explanation:
The municipal bond are tax-free making them more attractive than normal corporate bonds.
thus, the municipal bond rate should be compare with the after tax rate of a corporate bond:
before tax rate ( 1 - tax rate) = after tax rate
<u>For this case:</u>
the after tax rate is 7.25%
and the tax bracket is 35%
before taxes ( 1 - 0.35) = 0.0725
0.0725/.65 = 0,1115384 = <em>11.15%</em>
The Chinese restaurant failed to realize the importance of "word-of-mouth marketing."
<h3>What is word-of-mouth marketing?</h3>
Whenever a consumer's interest inside a company's service or product is reflected in their regular conversations, this is referred to as word-of-mouth marketing (also WOM marketing). Basically, it is free promotion brought on by consumer experiences, which are typically above and beyond their expectations.
Some key features regarding word-of-mouth marketing are-
- Word-of-mouth marketing occurs when customers recommend a business's goods or services to their friends, relatives, and other people they value highly.
- WOM marketing is among the most effective kinds of advertising since 88% of consumers prefer suggestions from their friends than those in traditional media.
- By exceeding customer expectations with a product, delivering first-rate customer service, and providing consumers with insider knowledge, businesses can promote WOM marketing.
- The finest word-of-mouth marketing methods, according to Word of Mouth Marketing Association (WOMMA), are sincere, credible, sociable, repeatable, measurable, and respectful.
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