Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's, and Baskin Robbins, he has an uphill battle to break into the local ice cream market-
<u>Robert differentiate his ice cream shop, JubJub's, -BY OPENING IT IN "The Triangle</u><u>" area(where the elementary,middle school and the high school are less than 5 minutes away)</u>
Explanation:
The main characteristic of a Monopolistic market are:-
- Their exist many firms in the market.
- The products sold by the firms are similar in nature not identical.
- The firm are free to enter and exit the market.
- The firms have little power to increase their prices.
So considering the above option the only valid choice left with Robert to differentiate his ice cream shop, JubJub's is that he opens his shop near <u> "The Triangle</u><u>" area (where the elementary,middle school and the high school are less than 5 minutes away)</u>
Answer:
cover less than one year, usually spanning one-, three-, or six-month periods
Explanation:
Interim financial statements: Interim financial statements are those statements that are prepared for less than one year. It can be made monthly, quarterly, half-yearly or yearly. But its duration is less than one year. It is used to give updated information which can change the investor's decision in a future period.
It includes all types of statements like balance sheet, income statement, cash flow statement. These statements are not audited and mostly it is prepared in publicly held companies.
Answer:
The correct answer is D. A promise in a contract with a customer to transfer a good or service to the customer.
Explanation:
Performance obligations are those that the entity undertakes to carry out in the contract established with a client, performance obligations are related to the deliverables established or agreed upon in a contractual manner.
At the start of the contract, the entity must evaluate the goods or services promised in a contract with a customer and must consider as a performance obligation each commitment to transfer to the customer a good or service (or a group of different goods and services) or a series of different goods or services that are substantially the same and that have the same pattern of transfer to the client.
The guess the correct answer is much less.
Assume a systems development project effort calculation determines that the system will require 240 function points. If the developers choose to implement this system in the C programming language, approximately 31,200 lines of code will have to be written. If the developers choose Visual Basic to implement the system, the number of lines of code will be much less.
