Answer:
When accounting for revenue over time for a long-term contract, the percentage of completion used to recognize revenue in the first year usually is determined by measuring Costs incurred in the first year, divided by estimated total costs for the completed project
Explanation:
The percentage of completion method of revenue recognition is a concept in accounting that refers to a method by which a business recognizes revenue on an ongoing basis depending on the stages of a project’s completion.
In other words, the percentage of completion method is used for longer-term projects and recognizes revenue and expenses as a percentage of the project’s completion during the period.
A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is called a market survey.
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What is a market survey?</u></h3>
- A market survey is a survey research and analysis of the market for a certain good or service that looks at consumer preferences.
- A review of various client capabilities, including investment characteristics and purchasing power. Market research surveys are instruments for directly obtaining feedback from the target market to comprehend their traits, expectations, and needs.
- For emerging goods and services, marketers create innovative and interesting strategies, but their efficacy cannot be guaranteed.
Marketers must identify the features and product categories that the target audiences would readily accept for these to be successful. By doing this, a new path can be guaranteed to succeed.
Know more about market survey with the help of the given link:
brainly.com/question/13532910
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Answer:
true (A. is the trustee for the client in a trust account)
Explanation:
Based on the information provided within the question it can be said that this statement is completely true. This is mainly due to the fact that a trustee can directly deduct management fees from the customer funds. Therefore if the investment adviser is the trustee for the client he is able to have custody over the account and make these deductions.
