Answer:
should be recorded when goods or services are provided to customers at an amount expected to be received from them
Explanation:
The revenue recognition principle states that revenue should be recorded when services have been performed or products have been delivered to customers and not when cash is received for the service rendered
For example, if a supplier delivers 10,000 worth of goods to consumers in November and is paid for the goods in December. Revenue should be recognised in November and not December.
Answer:
$28,700
Explanation:
We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured
where,
Total manufacturing cost = cost of direct materials used + direct labor cost + overhead cost
= $408,000 + $56,000 + $72,000
= $536,000
So, the ending work in process inventory would be
= $16,200 + $536,000 - $523,500
= $28,700
1. A company's core capability is defined as the strategic advantages or the principal strengths of that company, including the combination of technical skills and pooled knowledge which allow the company to be competitive in the market place. The core capacities of a company allow it to do better in the market place than its competitors.
2.The core capabilities of Google, Walmart and Amazon include: excellent work culture, buying power, supply chain management, excellent use of information technology to support business, logistical superiority and international growth.
3. There are new market to which these companies could creatively apply their core capabilities. For example, Amazon can start offering assistance to researchers to write their scientific journals and to help them market it. Walmart can carve out a new market for itself by allowing customers to leave a list of what is needed every month. Walmart will then be supplying these to the people on a regular monthly basis. Google can expand its business to remote countries of the world, where internet access is not known yet by facilitating such in those areas. Google can also offer to help people search for what they need for payment.
Answer: b. 36 years under scenario A, versus 18 years under scenario B.
Explanation:
The Rule of 72 is a rule in finance that will allows for the calculation of how long it will take for an investment to double given its interest rate.
The time is calculated by dividing 72 by the interest rate in question.
Scenario A
= 72/2
= 36 years.
Scenario B
= 72/4
= 18 years.
Answer:
The correct word for the blank space is: primary.
Explanation:
Primary data collection takes place when data is collected by researchers from direct sources using for that purpose surveys or interviews. Typically, primary data collection gathers the questions formulated on <em>secondary data</em> research since that is the basic step carried out for the data collection process.
