Answer:
d. Revenue recognition
Explanation:
The principle of revenue recognition occurs when the revenue is recognized or earned whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here implies that the customer receives the product but the payment was made afterward.
Since the given scenario reflects the violation of the revenue recognition principle.
Answer:
790,000, i.e. $79 x 10,000= 790,000
. Yes, the manufacturer should change the design. 666,667 (when it goes from 1/10,000 to 1/15,000). It is 500,000 (when it goes from 1/10,000 but 1/20,000)
. No, the benevolent social planner would not agree with the manufacturer's decision.
Explanation:
In the estimates provided by the manufacturer, the total cost of the design is equivalent to $79 x 10,000= 790,000. There should be an alteration in the design to remove the necessary precautions. If the probability is different from the estimate provided by the manufacturer, the planner will disagree with the decision made by the manufacturer. For example, a change to 1/15000 will make the total cost to be approximately $666,667.
Answer:
Inventory turnover for year 2 is 4.91 times.
Explanation:
Inventory turnover measures liquidity of company`s inventory
Inventory turnover = Cost of goods sold / Ending inventory
= $390,200 / $79,400
= 4.91 times
Answer: NATURAL
Explanation: Pollution is the release of harmful substances or materials into the environment,this can occur through households or industrial Activities. Pollution can also be defined by the presence of materials in very high amount capable of causing hazards. Pollution directly affects the Natural environment and distorts, it creates threats and reflect changes in which macroenvironment.
Answer:
Line authority
Explanation:
Line authority is also known as a chain of command. Chain of command is practised all over the world in various fields of life. Line authority is a technique that helps to solve various power issues between the employees. It is a way to appoint people as commander or managers. Everyone else follows them, and this chain of command consists of a long list of people from CEO to labour unions and labour managers.