<span>Salespeople bringing suggestions for a new fast food item to the headquarters of their food manufacturer is an example of: Idea Generation
idea generation refers to developing facts and data into an abstract concept that will lead to an idea. This is the step that salespeople need to solve before they can move to constructing that abstract concept into an executable idea.
</span>
Answer:
An update of the fair value adjustment account,
Removal of the related investment account balances
The total amount of gain or loss that has occurred since the securities were purchased
Explanation:
The activities that occurred between the purchase and during the sales of bonds classified as trading securities will determine the entries to be recorded.
First, since it was an investment, it means, it had an entry already in the books. Its sales therefore, will mean the books needs to be updated and this will be done through the Fair value adjustment account.
Secondly in updating the fair value, there is the need to remove the related investment account balance. This is because the investment has been sold so it should not be reflected any more.
Thirdly, since the investment was bought at a point, carried for a while and then eventually sold, some gain or loss would have been generated between its acquisition and its sales, therefore the entry for total amount of gain or loss that occurred since the purchase should be made.
Part 4
The items such as the
Answer:
decreases
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
In a period of rising prices, changing from FIFO to LIFO means that the latest purchased goods would be of higher prices than the older goods. This would increase cost of goods sold and reduce net income.
Also, ending inventory would consist of older goods purchased at lower prices
Both net income and ending inventory would decrease
Answer:
Thomas should suggest that the nation should focus on exports of their country. As exports increases the demand for local currency increases at the same time. Current Account Deficit is a key factor which affects the price of local currency. The demand of any currency will make its strength. Making Current Asset surplus will be a beneficial position of any national currency value.
