The two accounts that would be most at risk are: Sales and Accounts Receivable
Accrual method of accounting is an accounting method that reports on the company book <em>revenue</em> and expenses as they occur in which assets are then adjusted when revenue and expenses are paid.
Assuming a company or organization are to increased shipments which they are having doubt about as to whether those shipment would either be returned or not paid for.
The company book would show increase in income and increase in account receivable as the company is yet to receive payment for the goods that were shipped.
In a situation were the goods that was returned are high which means that at the end of the fiscal year both sales and account receivable account will be affected.
Inconclusion The two accounts that would be most at risk are: Sales and Accounts Receivable.
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Answer:
The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.
Explanation:
There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>
In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.
<span>Psychographic segmentation is the correct answer! c:</span>
Answer:
b. encourages people to engage in behaviors directly related to goal accomplishment
Explanation:
When companies engage in planning, they establish a guide for the operations, setting goals and preparing the strategies and actions that will help accomplish those goals. Because of this, planning helps the employees to focus and work towards achieving the objectives.
