Answer:
November 30
Explanation:
Based on Generally Accepted Accounting Principles,( GAAP) , revenue can be recognized once the goods/servicehas been delivered. whenever sales is made, may be the company has gotten the payment for the sale of has not gotten it. The revenue recognition principle can be regarded as basis of accrual accounting as well as matching principle, all these helps to know the accounting period that revenues as well as expenses can be recognized.
From the question, on 30th November, there was large sales made by the flower shop , though payment received on December 10, Therefore, the $1,000 considered to be recognized on November 30.
Answer: d. decrease; increase
Explanation:
If there is an increase in the Fixed Cost of Working, it leads to higher input costs in terms of labor when it comes to producing.
Producers will respond by trying to limit how much they spend on inputs by terminating the employment of some people as well as limiting new employment.
The Labor Force Participation Rate which refers to those active (both employed and unemployed) in the Labor Market will decrease because people might stop being active in the market as a result of the retrenchments and lack of opportunity.
The Producers however, will not demand more from the people still employed so that they may make better profits which will lead to an increase in the hours worked of those still employed.
If this answer is true or false, the answer is False.
