Answer:
"B"
Explanation:
Expenses are recognized under the accrual accounting principle.
Before expenses can be recognized under accrual method , it must be matched to a particular revenue.This means that expenses are recognized in the period that the expense was able to generate a revenue. In other words , it in recorded in the period in which it was sold and not the period it was bought.
This is done to improve the quality , accuracy of financial statement to give a true representation of an organization.
Answer:
a. licensor
Explanation:
The licensor is the person or company that have the rights on an idea, product, service, etc, and gives the licensee limited permission to market that. In this case, Vimonland Theme is a licensor because the company gives the rights to an investment company to operate a franchise.
Answer:
The correct answer is letter "E": both A and B.
Explanation:
At the moment of creating a strategic plan, companies must also outline contingency strategies in case the master plan does not work. These contingency plans work as alternative systems that, just like the master plan, englobe all the activities and steps the firm will follow to keep the business up and running.
Therefore, the alternative systems also include the resources available the firm counts on to conduct its operations which will also let the company be aware of the limits it has in the for its day-to-day and long-term activities.
Answer:
$360
Explanation:
We can compute net income to be
The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.
Where,
Dividend = $482
Change in retained earnings = $122
Hence,
Net income = Dividend - Change in retained earnings
= $482 - $122
Net income = $360
Answer:
The answer is option (C) authority-compliance style.
Explanation:
The authority-compliance style In the context of the Blake/Mouton leadership grid describes when managers or bosses are overly concerned about the effectiveness with which their employees or subordinates get work done without regard for the well being of such employees.
This kind of dictatorial management style is due to the fact that a manager or boss believes that the needs of his/her subordinates or employees are relatively unimportant when compared to achieving success or getting work effectively done.
