Income <span>will be the same under both variable and absorption costing</span> when there is zero beginning inventory and all inventory units produced are sold.
Variable costing fluctuates based on level of output while adsorption costing is when manufacturing costs are absorbed by the amount produced. When everything is sold and no inventory is being held, both will be zero since there is nothing to sell or have on hand.
Answer:
$2200
Explanation:
The accrual basis recognizes revenues and expenses when the event warranting the income or expenditure occurs. In this case, the expenditure to be recognized is for the 11 months of insurance coverage.
For 24 months, the premiums are $4800. premiums for one month will be
= $4800/24
=$200
Premiums for 11 months
= $200 x 11
=$2200
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Who are the biggest companies in the cruise retail Industry?
Jun 29, 2018
As the cruise industry continues to expand rapidly around the world the growth in the onboard cruise retail market is significant. This year just about every major cruise line will have a new ship with wide public and commercial spaces dedicated for retail shops. The biggest companies operating in cruise retail sector are Starboard Cruise Services, Harding Retail, and Dufry Ltd.
With retail shops operating on 96 cruise ships, Starboard Cruise Services has firmly established as the largest and dominant cruise retailer in the world with the biggest share in the cruise retail market.
This year Starboard Cruise Services, which is part of LVMH Moët Hennessy Louis Vuitton, celebrated its 60th anniversary with the debut of its newest innovative retail concepts of exclusive shops and brands on the industry's newest and largest cruise ships, including Carnival Horizon, Royal Caribbean's Symphony of the Seas and Celebrity Edge. Other newly executed retail contracts have been signed with Norwegian Cruise Line to operate retail on three of their newer ships and a multi-year contract with Costa Cruises including the new Costa Smeralda launching in 2019 and Royal Caribbean’s Spectrum of the Seas.
