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Olin [163]
3 years ago
12

The revenue recognition principle says Question 2 options: A) divide time into annual periods to measure revenue properly. B) re

cord revenue only after you have earned it. C) measure revenues and expenses in order to compute net income. D) record revenue after you receive cash.
Business
1 answer:
lisov135 [29]3 years ago
7 0

Answer:

The correct answer is letter "B": record revenue only after you have earned it.

Explanation:

Revenue Recognition is an accounting term that describes how and when a company reports revenue in its ledger. It is also part of the Generally Accepted Accounting Principles (GAAP). Using the accrual accounting method, revenue must be recorded when it is earned not when the company collects the cash proceeding.

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Newtech Inc. hires John for the position of a software programmer to work on their new project. Salary paid to John by Newtech I
mote1985 [20]

Answer:

Direct Cost.

Explanation:

As Newtech Inc. has hired John for the position of a software programmer to work on their new project. Salary paid to John by Newtech Inc. would be direct cost. Direct costs are the costs which can be tied directly to the manufacturing of products and services and they can be traced very easily as well. Labor cost, commissions, manufacturing supplies, direct material are the direct costs which can traced back to the manufacturing products quite easily.

3 0
3 years ago
Andrew’s coworkers often come to him for information about how their company handled disgruntled customers in the past since he
My name is Ann [436]

Answer:

option d is right

Explanation:

given that Andrew’s coworkers often come to him for information about how their company handled disgruntled customers in the past since he has worked at the company for 25 years.

He heard lots of information about the way things have been handled in the past, which helped him understand the organizational system.

Andrew’s information is an example of __Cultural____ knowledge.

This is because he knows some cultural characteristics, belief, history, and also behaviours due to his vast experience of 25 years and he shares with others.\

It is not explicit because not written and source is not mentioned

It is not descriptive, because data is not supported for his verdict.

It is not vigilant, because vigilant information is parted only to prevent frauds, or any illegal or unwarranted activity or behaviour.

Hence option d is right

3 0
3 years ago
Before taking out a loan, you should ask yourself whether you can meet all of your essential expenses and still afford the month
sineoko [7]

Answer:

Adding up basic monthly expenses and subtracting this total from take-home pay, plus trying to find out ways or figuring out what to give up to make the monthly loan payment.

Explanation:

A loan is simply a borrowed money that must be repaid at a certain point in time.

Before taking out a loan, it is better you ask yourself some questions like the reason for the loan collection, how much am i earning and willing to set aside for the loan repayment and will it be monthly and other questions.

8 0
2 years ago
A company plans to enclose three parallel rectangular areas for sorting returned goods. The three areas are within one large rec
Ganezh [65]

Answer:

A lot of information is missing, so I looked for similar questions:

  • 1,064 yd of fencing is available

since 1,064 is the perimeter and we have a rectangle, we can write the perimeter equation as: 2L + 2W = 1,064

area = L · W

2W = 1,064 - 2L

W = 532 - L

now we replace in the area equation:

area = (532 - L) · L = -W² + 532W (quadratic equation format)

the value of L as our X coordinate:

L = 532 / 2 = 266

W = 532 - 266 = 266

area = -(266)² + (532 x 266) = -70,756 + 141,512 = 70,756 sq yards

or

area = 266 · 266 = 70,756 sq yards

When you have a rectangle, the largest possible area is a square, where both sides have the same length.

6 0
2 years ago
Gerard is a mid-level manager who believes that people do not like to work and try to avoid it. He therefore controls, directs,
liq [111]

Answer:

The correct answer is c. McGregor's Theory X.

Explanation:

Theory X is defined by Douglas McGregor in his 1960s book "The Human Side of Enterprise" as an <em>authoritarian</em> style of management. In the book, McGregor explains that styles of management are greatly influenced by how the manager views people. Theory X is based on the view that workers are inherently lazy and unmotivated, prefer to be directed, do not like to take responsibility and dislike to work in general. In this style of management, it is assumed that the only way to push employees to work is to provide them with incentives or punishments, according to their performance. Also, authority is centralized on a select few and employees are strictly controlled and supervised.

In this particular case, Gerard fits the Theory X style of management, as he coerces and threatens employees to push them to do their jobs. He has the belief that people don't like to work and avoid it.

6 0
3 years ago
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