Answer:
when costs are recognized as expenses on the income statement.
Explanation:
The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.
The expense recognition principle indicates when costs are recognized as expenses on the income statement.
For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.
Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.
Answer:
These are the cost advantage that an organization obtains due to their scales of operation . Diseconomies are the cost disadvantages that firms build up due to an increase in firm size or output . This result in the production of goods and services at increased per unit costs . Economics of scale leads to cost reduction .
Explanation:
Thaats what upp
Answer:
The correct answer is "Allow entrepreneurs personal freedom to follow their self-interest"
Explanation:
According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products most wanted by consumers would be to allow entrepreneurs personal freedom to follow their self interest.
The answer is A because many companies want mobile app developers but there are very few people with those skills
Answer:
reduces resistance.
Explanation:
The example above characterizes a statement of the benefits of the Hewlett-Packard printing system that helps to reduce resistance.
In the workplace, resistance to new systems, methods and processes can generate some resistance in employees, which can be caused by situations that seem negative or by insecurity of not knowing how to deal with new situations and methodologies. Resistance can culminate in a shift in focus, insecurity and conflicts, but it must be eliminated through communication, transparency, training and the explanation of the benefits of novelties that will occur in the organizational environment, as in the example above, which despite the HP printers cost a little more will produce superior quality documents, which is a reason for reduced resistance.
