Answer:
a. When must Janine recognize the income from the $17,360 advance payment for services if she uses the cash method of accounting?
Cash method of accounting recognizes revenues and expenses when they are received or paid for.
b. When must Janine recognize the income from the $17,360 advance payment for services if she uses the accrual method of accounting?
c. Suppose that instead of services, Janine received the payment for a security system (inventory) that she will deliver and install in year 2. When would Janine recognize the income from the advance payment for inventory sale if she uses the accrual method of accounting and she uses the deferral method for reporting income from advance payments? For financial accounting purposes, she reports the income when the inventory is delivered.
She will recognize revenue only after the merchandise is delivered.
d. Suppose that instead of services, Janine received the payment for the delivery of inventory to be delivered next year. When would Janine recognize the income from the advance payment for sale of goods if she uses the accrual method of accounting and she uses the full-inclusion method for advance payments?
Under this system, advanced payments are considered revenue on the year that they were received.
Answer:
The correct answer to the following question is option D) maturity maximize outlets .
Explanation:
In the maturity stage of the product life cycle, there will be a decrease in the sales growth rate but ,not before the sales has reached its peak, because now the product is world renowned , most of the people have accepted the product and the ones who would have wanted to buy the product have bought it and in this stage competition would be high. Here a company would intensify its distribution and promotional activities .
Logistics system should be designed to achieve customer service goals while maintaining lowest possible financial investment in inventory.
The main purpose of logistics system is to increase the experience of the customer and to improve profits of the organization. Reducing the cost of inventory may add to the profits of the company.
Managing the inventory is an instinct part of the smooth running of businesses. Recognizing which and how much stock has to be ordered, is useful to continue the inventory levels and content the customers. Timely delivery of the product adds to the customer satisfaction.
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product mix consists of all the product lines and items that a particular seller offers for sale.
<h3>What is
product ?</h3>
In the economic sense, a product is anything that may be sold to fulfill a customer's want or need. Product information may be included with a product. The product description is established by law for several product categories. For instance, food products must bear labels that list the contents, ingredients, and best-before date.
Some businesses make products and offer services using product information systems. A product information system keeps track of a product's attributes and life cycle, among other things. This product life cycle illustrates how a product changes as it is being actively manufactured and sold. Phases like development, growth, maturity, and degradation are involved. A product might be a physical item, like
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it is likely that John chooses this oil company because of their good services