1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
il63 [147K]
4 years ago
10

Fil in the blanks with options given in below:

Business
1 answer:
Andrej [43]4 years ago
7 0

Answer:

1. revenues

2. revenues

3. Incurred

Explanation:

Accrual basis is one of the methods used in preparing Financial statement. It records transaction when they are incurred or when they happen irrespective of whether cash has been paid or not.

Cash basis is a another one. It recognizes transactions only when the cash has been given.

Accrual basis accounting recognizes REVENUE when the service or product is delivered and records REVENUE when INCURRED in order to adhere to the matching principle

You might be interested in
A higher earnings per share (eps) does not necessarily translate into a higher stock price
nikdorinn [45]
This doesn't seem to be a question, but rather, a statement.
4 0
4 years ago
Which of the following considerations is related to sociocultural
raketka [301]

This consideration is related to the socio cultural environment:

a.) A new business decides to begin with the city its owners live in

since they are familiar with the local geography and tax issues.

Explanation:

The socio cultural environment one is familiar with influences them in many ways.

This also includes their choice of place for where they will start the business simply because they know that domain much more and it will be easier to be effective in there.

This is the reason that people are often told to be in their familiar turf.

The new business will be able to use its full contacts and have an insight on what works and what doesn't because they operate from their own area.

8 0
4 years ago
Read 2 more answers
The knowledge a firm possesses can be a source of competitive advantage. Describe ways that a firm can continuously learn to mai
tino4ka555 [31]

Answer:

It includes; Digging deeper into areas of knowledge/expertise and comparison of achievement can help foster,creat or lead to a competitive position/ advantage. Finding out, sourcing and making use of other areas or sources of knowledge and information can keep a company up to date of competitive efforts and leads to an environment for creativity, shows/ create new knowledge within the company thereby finally leading toexisting competitive advantages and going after new ones.Success is a product of failure so therefore, getting the knowledge of failure as part of the innovative process can bring good results.

Meeting goals with all flexibility and sharing of personal stories, sourcing outsiders, proving one’s self wrong will all foster a kind of fear-free searching of new ideas.

Explanation:

For firm generally, crafting, creating or bringing a strategy that gives/yields a competitive advantage over rivals is said to be the most reliable means of achieving above-average profitability and financial performance in any organization. A company can attain and have sustainable competitive advantage if and when the elements of the strategy used by the company give buyers lasting and good impression orreasons to prefer a company's products or services over those of their competitors.

Strategic approaches used by company to build a competitive advantage includes; Focusing on a narrow market environment (niche) within an industry and also creating an advantage based on offering more value for the money e.t.c.

4 0
3 years ago
Sheridan Enterprises reported cost of goods sold for 2020 of $1,322,900 and retained earnings of $4,854,000 at December 31, 2020
NemiM [27]

Answer:

See below

Explanation:

1. Corrected amounts for 2020 cost of goods sold

= Cost of goods sold for 2020 - December 31, 2019 ending inventories overstated + December 31, 2020 ending inventories overstated

= $1,322,900 - $106,470 + $36,820

= $1,253,250

2. Correct amounts for December 31, 2020 retained earnings

= Retained earnings December 31, 2020 - December 31, 2020 ending inventories overstated

= 4,854,000 - $36,820

= $4,817,180

3 0
3 years ago
Taco Bell test marketed Doritos Locos Tacos for three years and developed 45 prototypes. Once the decision was made to launch th
LuckyWell [14K]

Answer:

Product development.

Explanation:

The product development stage is the initial part of a product life cycle. Market research is carried out at this stage to determine how well the product will sell in the market.

Product development stage involves the creation of a particular product from an idea and then introducing it into the market. Getting feedback about the product from test users is very important in this stage.

5 0
3 years ago
Other questions:
  • In a _____, a company sets up separate ad departments for different divisions, subsidiaries, regions, brands, or other categorie
    5·2 answers
  • You obtain a 20 year mortgage for $150,000 with a 6% interest rate. Your yearly mortgage payment is $13,078. When the first loan
    12·1 answer
  • Stacy is a director of a senior center. every week she leads a group where the elders discuss past activities and experiences. t
    13·1 answer
  • Form 1040EZ is used by individuals who do not claim a lot of deductions. <br> a. True<br> b. False
    13·2 answers
  • Equipment was purchased for $60,000 on January 1, 2018. Related freight charges amounted to $2,800 and there was a cost of $8,00
    6·1 answer
  • You are driving on a multi-lane road or highway, and are approaching an emergency vehicle
    14·1 answer
  • Butler corporation is considering the purchase of new equipment costing $30,000. the projected annual after-tax net income from
    10·2 answers
  • Sheffield Corp. earned $2120 for architecture services provided with the fee to be paid in the future. No entry was made at the
    9·1 answer
  • Most small animal private veterinary practices employ __________ veterinary assistant(s) for each veterinary technician on staff
    10·2 answers
  • Click this link to view O*NET’s Tasks section for Heating and Air Conditioning Mechanics and Installers. Note that common tasks
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!