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dsp73
3 years ago
10

Intentionally reporting product sales in the financial statements for the period prior to when they actually occurred is a viola

tion of which generally accepted accounting principle?
Business
1 answer:
Mrrafil [7]3 years ago
6 0

Answer:

Accounting principle of Revenue recognition

Explanation:

The revenue principle is a principle that states that revenue is recognized as soon as goods are passed to the customer in exchange for valuable consideration and not necessarily when cash is received.  

The revenue recognition concept  requires that revenues are recognized on the income statement in the period when realized and earned  and not when cash is received.

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Warm weave inc., a manufacturer of woolen garments, spends heavily on advertising during the months of december, january, and fe
mars1129 [50]

This is a flighting schedule method, which is where the normal ad schedule is targeted in a specific period of time and no ads are run the rest of the year (known as the cessation period).

8 0
3 years ago
Read 2 more answers
What is meant by reconciliation, and how can it be useful as an input to staff ing planning? wuizlet
umka21 [38]

entails accepting predicted gaps and their most likely causes. They can be helpful in identifying areas to concentrate on and in responding to projected results for the organisational unit.

What is Staffing Planning?
A staffing plan is a strategic planning process used by a business to evaluate and identify its personnel needs (usually under the direction of the HR team). In other words, a solid staffing plan aids in your understanding of the quantity and variety of personnel your business requires to achieve its objectives.

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7 0
2 years ago
Local optimization is a supply-chain complication best described as: Select one: a. the opposite of the bullwhip effect. b. opti
tia_tia [17]

Answer:

letter b is correct.<em> Optimizing one's local area without full knowledge of supply chain needs. </em>

Explanation:

For supply chain management to be optimally optimized, global scope information is needed to make decision-making more secure. Information technology can be a good solution for providing relevant information that will help integrate supply chain components to help you make decisions and meet specific local area and supply chain needs.

5 0
4 years ago
A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s
posledela

Answer:

exporting

Explanation:

The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer

According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0
3 years ago
It is better to evaluate economic decisions at the marginal, where the decision has to be made as long as its marginal benefit e
Wittaler [7]

Answer: True

Explanation:

Marginal benefit is the maximum amount that a consumer will be willing to pay for an extra product. It should be known that as consumption rises, the marginal benefit starts reducing.

The marginal cost is the extra cost that a producer incurs when an extra unit of a product is made. Economic decisions made by economic agents are typically based on marginal as it'll be possible to know the impact of an extra decision made on a variable.

Therefore, it is better to evaluate economic decisions at the marginal, where the decision has to be made as long as its marginal benefit exceeds its marginal cost, if not equal to its marginal cost.

4 0
4 years ago
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