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ivanzaharov [21]
2 years ago
9

A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is receiv

ed on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be earned:_________
Business
1 answer:
Anna11 [10]2 years ago
7 0

Answer:

November 30

Explanation:

Based on Generally Accepted Accounting Principles,( GAAP) , revenue can be recognized once the goods/servicehas been delivered. whenever sales is made, may be the company has gotten the payment for the sale of has not gotten it. The revenue recognition principle can be regarded as basis of accrual accounting as well as matching principle, all these helps to know the accounting period that revenues as well as expenses can be recognized.

From the question, on 30th November, there was large sales made by the flower shop , though payment received on December 10, Therefore, the $1,000 considered to be recognized on November 30.

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Describe the reasons Lyft entered strategic alliances with GM and Waymo? Are some reasons more important than others? Why or why
SashulF [63]

Answer:

PART A

(1) In order to meet its demand for cars

(2) in order to use Waymo's Technological advancement in development self driving cars with GM.

(3) In order to strategically position the company to compete favourably in the car lift market and car sharing.

PART B

NO,all the reasons are equally important.

PART C

They are all needed in order to strategically position the company in terms of availability of cars with the required modern technological trends needed to compete favourably in the market for lift cars and car sharing.

Explanation:GM(General Motors) is an American car manufacturer with a long time experience in auto Manufacturing.

Lyft is a car lift and car sharing service provider, it is an American brand with its head quarters in California,United States of America.

Waymo(way forward in mobile)is an American self driven vehicles Manufacturing Company, it is a member of the Alphabet Inc, who also own Google.

8 0
3 years ago
A call option on Barry Enterprises stock has a market price of $12. The stock sells for $23 a share, and the option has an exerc
tresset_1 [31]

Answer:

the exercise value of the option is $5.50

Explanation:

The computation of the exercise value of the option is given below:

= Sale value of the stock - exercise price of the option

= $23 - $17.50

= $5.50

Hence, the exercise value of the option is $5.50

Simply we deduct the exercise price of the option from the sale value of the option

And, the same should be considered

7 0
3 years ago
If retained earnings decreased during the year, and no dividends were paid, which of the following statements must be true? (A)
Fynjy0 [20]

Answer:

The answer is (A) Expenses for the year exceeded revenues.

Explanation:

If retained earnings decreased during the year, and no dividends were paid this would mean the company would have made a loss in the financial period.  A loss occurs when expenses  for the year exceed revenues.

3 0
3 years ago
Given that globalization connects countries in many ways, managers need to pay close attention to economic environments to under
Maru [420]

Answer:

<u>distinguish one place from another.</u>

Explanation:

Globalization corresponds to a process of economic, political, cultural and social integration between different countries, which was motivated by the advance of new technologies, which boosted communication and transportation between different countries.

Globalization has a significant impact on the world, it affects communication, the movement of goods and resources, international trade and other variables.

Therefore, it is important that in a company that wants to expand in the world market to have an organizational culture focused on a world view of management, prioritizing the internal and external environment that differs according to the country in which the business activities are implemented. It is necessary for managers to have an ethical view of doing global business, where there is respect for different cultures and a positive organizational climate.

It is also important to segment the local market, taking advantage of all the small opportunities that a new market can offer, such as reducing costs and maximizing profits, government incentives and hiring experienced employees in the local market.

6 0
3 years ago
5
ollegr [7]
Huh??? I’m confused
6 0
3 years ago
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