Answer:
$2.835 in March and $0 in May.
Explanation:
As per the data given in the question,
The actual method of accounting is that the revenue is not recognized in the period when the actual cash is received but the period in which it is earned.Hence, May-31 income statement will not recognize any part of revenue and March-31 income statement will recognize the whole revenue of $2.835 million.
Hence, $2.835 in March and $0 in May.
Answer: Trade secret
Explanation: Trade secret is an intellectual property through which a business gains economic and competitive advantage in the market over other participants. It can be in the form of practice, process or design etc.
In the given case, the manufacturer has a secret formula for its recipe which will benefit him in the market as only he knows it, therefore, we can conclude that he has a trade secret.
Answer:
superseding or intervening event
Explanation:
A superseding or intervening event refers to an event that occurred after the initial negligent event that caused the injury or the accident. If this intervening event causes further injury or damage, the tortfeasor is not responsible for it.
The golfer (tortfeasor) is responsible for hitting the spectator (initial negligent act), but the lightning hitting him/her while lying on the floor is considered a superseding event and the golfer is not responsible for any damages caused by the lightning.
Answer:
Workflow Definition
Explanation:
Workflow is a complete detailed process which helps to design a product. It consists of different phases that are separated and work together to finish the goods in time. Workflow is a complete step by step procedure from start to the end. It includes task, activities and all the responsibilities that are required in steps to finish a product.
Answer:
data governance and management policies.
Explanation:
A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
Basically, a data database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. These records are stored and communicated to other data when required or needed.
One of the world's largest management and technological consulting company that provide services such as database management, consulting, strategy and outsourcing is Accenture.
Accenture help businesses implement data governance and management policies in order to ensure their data is trustworthy and reliable.