Answer:
b. cost
Explanation:
Assets are accounted for under IAS 16 Property plant and Equipment, IAS 38 Intangible assets and IAS 40 and 41 Investment property and Biological assets.
The historical cost principle requires that assets on initial recognition be recorded at cost. This cost is maintained even as depreciation is charged for the use of the asset.
The cost is then netted off the accumulated depreciation to get the net book value of the asset or the carrying amount.
The answer is<u> "
Information search".</u>
The Buyer Decision Processes are the decision-making processes by customers with respect to a potential market exchange previously, amid, and after the buy of an item or administration.
Information search is viewed as the second of five phases that contain the Consumer Decision Process. Amid this stage, a customer who perceives a particular issue or need will then likely be induced to scan for data, regardless of whether it be inside or remotely. This is additionally when the client expects to look for the incentive in a planned item or administration. Amid this time, the choices accessible to the shopper are recognized or additionally cleared up.
I would say that what best describes the team of managers from the different departments (Engineering, R&D, Prod, and Marketing) is a Cross-functional team because the group consists of different people in different fields of expertise which work together toward a common goal for the Lizard Clothing Company.
Answer:
Betty Incorporated
Journal Entries:
June 3:
DR Inventory $7,100
CR Accounts Payable (North Inc.) $7,100
To record the purchase of goods on account with terms 2/10, n/30.
June 5:
DR Accounts Payable (North Inc.) $2,600
CR Inventory $2,600
To record the return of goods on account.
June 6:
DR Inventory $2,500
CR Accounts Payable (South Corp.) $2,500
To record the purchase of goods on account with terms 2/10, n/30.
June 11:
DR Accounts Payable (North Inc.) $4,500
CR Cash Account $4,410
CR Cash Discount $90
To record the payment of balance owed to North Inc.
June 22:
DR Accounts Payable (South Corp.) $2,500
CR Cash Account $2,500
To record the payment of balance owed to South Corp.
Explanation:
The trade terms 2/10, n/30 mean that both North Inc. and South Corp. offered 2% cash discounts on amount paid by Betty Incorporated if it could settle its bills within 10 days. The net allowed credit days are 30 days, after which Betty Incorporated could be charged interest for late payment. It did not utilize the discount offered by South Corp. as it paid its bills after 16 days instead of within 10 days as stated in the trade terms.
Answer:
The correct answer is: add exports but subtract imports in calculating GDP.
Explanation:
National income refers to the production of goods and services by the residents of a nation within the geographical boundaries of a nation in a given period.
In the calculation of national income, net exports are included. This net export is the difference between exports and imports. In other words, we can say that exports are added and imports are included.
