Answer:
B.) It helps insure your possessions are distributed appropriately.
Explanation:
All of the other answers are false.
Hope this helps! If you have any additional questions, please don't hesitate to ask me or your teacher to be sure you master the subject. Stay safe, and please mark brainliest! :)
Answer:
d. the service is performed
Explanation:
According to the revenue recognition principle, the revenue is recognized when it is earned or realized not when the cash is received. It is based on the accrual basis of accounting. It does not depend upon the cash.
In other words, whether cash is received or not but the revenue is recognized on the books when the service is performed.
Answer:
The correct option is D
Explanation:
Monopolist is a company, individual or a group which controls or regulates all the market for a specific good or service. They have little scope to improve their product as customers will have no alternatives available.
Source of market power they have a copyright or patent, control critical resources, enjoy economies of scale and have the government authorized franchise.
Answer: c. only final goods to avoid double counting when including intermediate goods
Explanation:
The Gross Domestic Product (GDP) is an economic measure that aims to quantify the strength of an economy by checking it's Economic Activity.
When Calculating GDP, the FINAL value of goods and services produced WITHIN a country are the only amounts included to avoid Double Counting of products.
For example, if in making a television, the company making the TV bought electrical parts for $100 and the LED screen for $50 with labour costs of $50 and then sold it to a store for $300 that then sells the Television at $500, $500 is the amount that is included in GDP calculation. None of those other figures will be added again because they are already implicitly included in the final $500.
