Answer:
b. July
Explanation:
According to the revenue recognition principle, the revenue has to be recognised in the period the services are provided.
In the question, the services were provided in July, so the revenue needs to be recognised in July,
The fact that the order was received in June or that the payment from the customer was received in August is not relevant for purposes of revenue recognition.
Answer: "intellectual capital" .
_________________________________________________
Answer:
(1). Demand of radically innovative new product
Explanation:
Forecasting refers to a decision making tool for planning and making estimates of future projections. This is usually achieved by relying on past events to determine future outcomes.
There are two forecast types, namely; judgment-based and quantitative.
The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.
