Answer: The effect will be that the results will be distorted by registering a gain in the incorrect period, since 3 months correspond to the current year, from October-December and the rest corresponds from January-March of the following year.
The correct way to record these 3 months is as a liability (deferred income) when the income is realized they are taken to the income statement.
Compromising is the conflict-handling style in which both parties give up something to gain something.
<h3>What is the meaning of compromising?</h3>
compromise with someone is when you reach an agreement with them and you later give up on something that you originally wanted.
Therefore, Compromising is the conflict-handling style in which both parties give up on something.
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Answer:
1. B. monopolizing the market by bundling its operating system with its Internet Explorer browser.
2. A. network externalities.
Explanation:
Lawsuit was filled againts Microsoft claiming that it was engaging in unfair trade practices by (B) monopolizing the market bu bundling its operating system with its internet explorer browser.
They argue that modern software can gain monopoly status and establish a barrier to entry through (A) network externalities.
Answer: Accounting profit= $44,500
Economic Profit = $4,150
Explanation: <em>Accounting profit</em> are the profit earned by subtracting explicit cost from the total revenue earned.
<em>Economic profit</em> are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by
In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.
While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.
False, since both roles are in the capacity of research and does not compromise results. So there is no conflict of interest in research.
Conflicts of interest are situations in which professional judgments or actions regarding a primary concern, such as a medical researcher's responsibilities, may be easily persuaded by a secondary interest, such as monetary benefit or professional advancement.
Many doctors work full-time for biotech and pharmaceutical companies, as well as medical device manufacturers. They work in research, product development, or administration. In fact, a few of them own the businesses. This is not conflict of interest.
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