Answer:
The revenue should not be recognized because of the unusual and subjective terms under which the buyer has the right to return the product.
Explanation:
If a buyer of goods has the right to return a product, the transaction is considered a sale with a right of return. When regular sales are made under these terms and there is a reasonable basis for estimating returns, revenue from the sale ought to be recognized and an allowance for returnsshould be established.
However, when the rate of returns cannot be reasonably estimated, revenue is not recognized until the right of return expires. Even though the goods were shipped in 2015, until the buyer accepts the goods or the right to return them expires, revenue would not be recognized.
Answer: True
Explanation:
Monopolizing aims at an individual gaining control over an event or a situation than any other person. The focus is usually on the individual.
Answer:
Greeting approach
Explanation:
Lee's initial method of approach is the <u>greeting approach</u>. Greeting approach is a method of approach which involves greeting the customer in a friendly way, it should be said with a genuine smile. The aim of the greeting approach is to make the customer feel comfortable and welcome so that he/she can open up on what he/she wants. The greeting approach is an effective conversation opener.
