Answer: false
Explanation: Extrinsic motivation relates to actions motivated by incentives from the outside, such as wealth, popularity, promotions, and recognition. This form of motivation comes from the outside of the person, as contrasted to the internal motivation that comes from within the person.
Extrinsic motivation is commonly defined as the inclination to participate in activities to receive some kind of perceived outward benefit. It is worth noting that either physical or mental in essence can be these incentives. Thus, from the above we can conclude that the above statement is false.
The condition for which revenues are recognized even when the cash is collected in a different accounting period is;
- Services are provided even if cash has not yet been collected, in cases of accrual basis accounting
<h3>Revenue recognition</h3>
Two major forms of revenue recognition exist;
- When Cash is collected from customers. This is the case when the organisation uses cash basis accounting
- When services are provided even if cash has not yet been collected. This is the case when the organisation used accrual basis accounting
Read more on revenue recognition;
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Answer:
The net cash inflow from financing activities on Petras's 2013 statement of cash flows is $5. So, the correct option is A.
Explanation:
Petras Company
Statement of cash flows (extract)
Proceed from the issue of common stock $325
Repayment of outstanding debt ($220)
Dividends paid ($100)
Net cash inflow from financing activities $5
Note that earned revenues and incurred expenses would form the net income used under operating activities section of the cash flows.
The prior year values for there for comparative purpose only.
Answer:
Total cost of going to college= $45,900
Explanation:
<u>We need to consider the opportunity cost of not working and earning a salary. Of room and board, we will take into account the incremental difference.</u>
Tuituion= $24,000
Room and board= 12,000 - 8,000= $4,000
Books= $1,900
Salary= $16,000
Total cost of going to college= $45,900
Answer:
Budgeted sales:
Product XXX= $2,630,000
Product ZZZ= $6,304,000
Total sales= $8,934,000
Explanation:
Giving the following information:
Product XXX Sales in units:
Region I= 336,000 units
Region II= 190,000
Selling price per unit= $5
Product ZZZ Sales in units:
Region I= 254,000 units
Region II= 140,000 units
Selling price= $16.
<u>The budget sales for the period is simply a multiplication of the number of units to de sold and the selling price per unit.</u>
<u></u>
Budgeted sales:
Product XXX= (336,000 + 190,000)*5= $2,630,000
Product ZZZ= (254,000 + 140,000)*16= $6,304,000
Total sales= $8,934,000