Answer:
When Boomerang delivers a computer to a customer.
Explanation:
Revenue is recognised by a business when it is earned. That is when the transaction is completed and a sale is established.
In the given scenario when a customer buys goods for Boomerang they have unconditional right to return the computer if the customer is not satisfied.
The situation where Boomerang should recognise revenue is when a computer is delivered to the customer and the sale is consummated.
If the company recognises revenue when an order is made, there is possibility of customer returning the computer. Then their revenue data will be inaccurate
Answer:
a<u>.False.</u>
a<u>.True.</u>
Explanation:
It is correct to say that a country with more economic freedom during the last quarter of a century had a higher average GDP per capita than other countries with less freedom, this is due to the fact that the greater the economic freedom, the greater the economic growth of the country, which generates an increase in the country's productive capacity, increases demand, supply, the level of employability, the purchasing power of the population, which, integrated, these factors correspond to the increase in the country's quality of life, which increases the GDP per capita.
<span>Answer : Chart of accounts
Explanation:
A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.</span>
The journey of a manufactured goods from its raw materials
to a consumer’s hands is its marketing channel. The initial step in scheming a
marketing channel is recognizing what the target consumer necessitates. Getting
this step right is critical, or you’ll wind up with a mound of unsold goods.
Market research is a complicated industry, but with the correct implements and direction,
you can make a high-demand good that essentially sells itself.
Answer:
Option (d) is correct.
Explanation:
If there is an improvement in the technology then as a result the producers will be able to produce more quantity of automobiles with the same level of resources. This will increase the supply of automobiles and shift the supply curve rightwards.
At the same time, the economy is experiencing a recession. This will reduce the income of the consumers and hence, the demand for automobiles also decreases. This will lead to shift the demand curve leftwards.
As a result of these shifts in the demand and supply curve, the equilibrium price will fall and the impact on equilibrium quantity is indeterminate because it will be dependent upon the magnitude of the shift of demand and supply curve.
