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Lapatulllka [165]
3 years ago
8

Multiple Choice Question

Business
1 answer:
melamori03 [73]3 years ago
4 0

Answer:

The correct answer is - Core revenue recognition principle.

Explanation:

The stipulations of an exchange transaction or other conditions related to the recovery of accounts receivable over a long period may prevent a reasonable estimate of the collectibility of such accounts. Both the term sales method and the income and cost recovery method can be used for the recognition of income and expenses, during the entire period in which collectibility is not reasonably assured.

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Balance sheets usually classify assets into at least two major categories: current assets and
astraxan [27]

Answer:

False

Explanation:

Balance sheets relate to balance and expenditure over a period.

6 0
3 years ago
Why shouldn’t i let someone else use my business name
Strike441 [17]
Hello,

Not sure if this is a school related question but i have the answer for ya (:

There are multiple reasons on why you shouldn't let another person use your business name.
1. They can make YOUR profit off of what you sell
2. It can lead to a law suit in the future
3. 2 businesses using the same name always leads to unwanted problems, finance cases, business claims, and the possibility of being sued by the other person.

Best option would be for you to make your own business name and get it trademarked so that nobody will copy you! (:
4 0
3 years ago
He is sincere change into Negative plssss​
soldier1979 [14.2K]

He is not sincere.

This is the negative form of the sentence.

3 0
3 years ago
Given the acquisition cost of product ALPHA is $24, the net realizable value for product ALPHA is $23, the normal profit for pro
Novay_Z [31]

Answer:

$22

Explanation:

Given that,

Acquisition cost of product ALPHA = $24

Net realizable value for product ALPHA = $23

Normal profit for product ALPHA = $1.00

Market value (replacement cost) for product ALPHA = $21

By applying LCM, the per unit inventory value is determined by deducting the normal profit from the Net realizable value for product.

Per unit inventory value:

= Net Realizable Value - Normal Profit

= $23 - $1.00

= $22

Therefore, the proper per unit inventory value for product ALPHA applying LCM is $22.00.

4 0
3 years ago
Consider the production department of a manufacturer of laptop computers. Classify the cost of the processor chips.
nikitadnepr [17]

Answer:

All the answers are correct.

Explanation:

The cost of the processor chips is a <em>direct cost</em> because it is the vital thing of any laptops. Without a processor, the laptop is nothing but a heartless product.

The cost is <em>variable</em> because the price of a processor varies as there are various processors in the computer market.

The cost is a <em>product cost</em> because it is directly related to manufacturing a laptop.

4 0
3 years ago
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