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Julli [10]
2 years ago
10

A customer purchased a drill press on November 14 on account from Sears. The drill press was delivered two weeks later. The cust

omer paid for the drill press on December 5. When should Sears record the revenue for this transaction according to the revenue recognition principle? A. December. B. Evenly in each of the two months. C. November. D. One-third in November and two-thirds in December.
Business
1 answer:
agasfer [191]2 years ago
5 0

Answer:

C. November

Explanation:

The revenue recognition principle is an accounting principle that requires revenue to be recorded only when it is earned, not when the related cash is collected. It is a cornerstone of accrual accounting together with the matching principle. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received. It means that revenues or income should be recognized when the services or products are provided to customers regardless of when the payment takes place. And since the drill press was delivered two weeks after November 14, the Sear will record the revenue for this transaction in November according to this principle.

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The existence of conflict is an inevitable part of group dynamics.true or false
Elden [556K]

Answer:

The statement is true

Explanation:

Group dynamics is a system of processes of psychological and behaviours which is occurring within a social group. As group is of two or more people so they have different behaviour or act upon differently. So, there is existence of conflict is an inevitable or unavoidable is a part of the group dynamics.

It could happen when the group does not agree on single decision or to act in favour.

4 0
2 years ago
Which of these terms is most closely related to tradeoffs?
ohaa [14]
Hello!

You forgot the alternatives!

incentives 
<span>margin </span>
<span>markets </span>
<span>scarcity
</span>
The term that is most closely related to trade-off, from the list above, is: scarcity. Scarcity is the condition that moves the trade-offs, it determines the quantity of each product you need or have. So, for example, if you need a product that you don't have enough and another that you have in excess, you can exchange it with someone that have interest in your product and has the one that you need.

Hugs!
7 0
3 years ago
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Mademuasel [1]

Answer:

Letter a is correct. <u>Audience analysis.</u>

Explanation:

Audience analysis is the preparation stage for a presentation, and is relevant for audience evaluation and definition so that communication is appropriately addressed to them.

Audience definition is important for the direction of the presentation, so you can create an engaging presentation that will create the intended understanding of the presenter and positively impact the audience. For this it is necessary to know some characteristics of the public, such as age group, level of knowledge of the subject, interest, culture and others, in order to trace the ideal profile and the direction to occur effectively.

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The minimum amount of money you may have in an account for said account to be, and stay opened. 
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