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 received on december 10. the flower shop follows gaap and applies the revenue recognition principle. when is the $1,000 considered to be recognized as revenue on the income statement?

Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."

The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.

Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.

Hence, in this case, it is concluded that the correct answer is "first-mover advantage."

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Answer:

Scores low on degree of formalization

Explanation:

Degree of formalization of a process is the level to which the process is free of the personal input of the individual executing the process.

It implies that in high degree of formalization process execution is set and the same steps are followed by all participants.

In the given instance Publishing representatives have a great deal of freedom in their jobs.

They tailor their sales pitch as they see fit.

This shows a low degree of formalization in the sales process

1. Importance of sources of capital and good network in starting a business

The importance of having sources of capital and a good network in starting a business is that it provides a solid foundation for the company. Capital is required to invest in assets and support daily operations, while networking provides opportunities for collaboration, expansion, and access to resources. Both elements are critical to the growth and success of a business.

Sourcing capital is essential in supporting the development of a business idea from the onset. It is often challenging to find willing investors or lenders, but having a business plan that is well-thought-out, achievable, and marketable will go a long way in attracting support. Investors and lenders want to see that the business idea has the potential to make profits, as well as the ability to pay back the investment or loan.

Networks are essential in providing opportunities for growth and collaboration. Networking involves building relationships with other businesses, entrepreneurs, potential investors, and other stakeholders. These relationships can lead to referrals, recommendations, and other resources that can help the business grow and expand. Networking also provides the opportunity to learn from others who have already been successful in the field.

2. Role of legal requirements in starting a business

Legal requirements are essential in starting a business. The main answer regarding the role of legal requirements in starting a business is that they provide a framework for the business to operate within. These requirements help to protect the business, its employees, customers, and the environment. Legal requirements are also essential in ensuring that the business is operating legally and ethically.

The role of legal requirements in starting a business is to provide guidelines that businesses must follow. These requirements include registering the business, obtaining licenses and permits, paying taxes, adhering to zoning regulations, and following labor laws. Legal requirements also include environmental regulations, health and safety standards, and product labeling requirements. By complying with these requirements, businesses are demonstrating their commitment to operating ethically and legally, which helps to build trust with customers, employees, and investors.

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The December 31, 2024, adjusted trial balance for Coyote Corporation provides the necessary information to prepare an income statement for the year ended December 31, 2024, and a statement of retained earnings.

To prepare the income statement, we need to gather the revenue and expense accounts from the trial balance. Revenues such as sales, service income, and other operating income are listed as credits. Expenses, including cost of goods sold, salaries and wages, rent, utilities, and other operating expenses, are listed as debits. By subtracting the total expenses from the total revenues, we can determine the net income or loss for the period. After preparing the income statement, we can use the net income figure to calculate the statement of retained earnings. The statement of retained earnings shows the changes in retained earnings from the beginning to the end of the period.

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The strategy by the company is known as outsourcing.

In Business, outsourcing means the company has hired or recruited another firm to perform a certain function required to complete the product. It may involve, manufacturing, HR services, marketing, embroidery, etc.

In the above scenario, a certain function required to complete the product is done by another company which is the process of outsourcing.

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A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.

A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.

The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.

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The decision to carry out one of the activities in the value chain internally rather than to purchase externally from a supplier is a "make or buy" decision.

This decision involves deciding whether to make a product or service in-house or to outsource it from external suppliers.The make or buy decision is an important strategic decision for organizations as it can have a significant impact on the cost, quality, and overall performance of the product or service. Factors such as the organization's core competencies, the availability of skilled labor, the cost of raw materials, and the current market conditions are considered while making this decision.Therefore, the answer to the question is "make or buy" decision.

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The statement "Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility" is false because the promotion to the position of facility manager often means that more responsibilities are entrusted to the person holding that position and the job becomes more challenging.

Facility management involves a wide range of responsibilities and duties that are essential for the smooth operation and maintenance of a facility.

Once someone is promoted to the position of facility manager, they become responsible for supervising the daily operations of the facility, coordinating with various teams, overseeing facility maintenance and repairs, ensuring compliance with safety and health standards, and managing the facility's budget and resources.

As such, the job of a facility manager can become more demanding after their promotion. Although subordinates may provide support, they do not take away the facility manager's responsibility for ensuring that all aspects of the facility's operation are running smoothly.

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The tidal force experienced by the elongated spaceship orbiting the black hole is the difference in gravitational attraction across the length of the spacecraft.

The gravitational pull of the black hole is greater at the front of the ship, closer to the black hole, than at the back of the ship. This results in a stretching force perpendicular to the direction of the black hole.

The force is given by the formula F=GMm/L^3, where G is the gravitational constant, M is the black hole mass, m is the mass of the front or back of the ship, and L is the separation between them.

Plugging in the values, the force at the front and back of the ship would be 1.07 x 10^19 N and 9.89 x 10^18 N, respectively. This tidal force would be immense and could potentially lead to the spaceship being torn apart.

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Answer:20,000 times

Explanation:

Explanation:

The two types of goods / services where price competition works best are those classified by a market model of perfect competition and imperfect competition.

In perfect competition, there is a predominance of a homogeneous market, with the presence of many companies and without barriers to entry, where there is the possibility of free price competition, such as the food industry.

In imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition but depending on the benefits, functionality and degree of differentiation of the good perceived by the consumer.

The two types of goods/services that lend themselves well to price competition are those that are classified by a market model of perfect competition and imperfect competition.

It should be noted that in perfect competition, there is a homogeneous market. Also, no one can influence the price. There's also free entry and exit.

On the other hand, in imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition. Also, the producers can influence the price.

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An unrelated diversification move can create value for a company by providing multiple benefits compared to related diversification. First, it reduces risk by spreading the company's investments across different industries. This ensures that downturns in one industry do not significantly impact the overall business.

Second, it provides opportunities for growth, as the company can tap into new markets and customer segments that are unrelated to its core business. This allows the company to capitalize on new trends and leverage its expertise in different areas.Third, it enables the company to benefit from economies of scale, as it can use its existing resources to support multiple businesses. This can lead to cost savings and improved efficiency.

Lastly, unrelated diversification can lead to cross-business synergies, as different business units can share knowledge, best practices, and technologies to improve overall performance.

Overall, unrelated diversification can create value for a company by mitigating risks, promoting growth, and optimizing resource allocation.

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When Chang Industries calls the bonds at a price of $214,000, they will experience a loss of $4,600 upon retirement.

To determine the gain or loss on retirement, we need to consider the par value, carrying value, and call price of the bonds.

1. Par value: The face value of the bond, which is $210,400 in this case.
2. Carrying value: The value of the bond on the company's books, which is $218,600.
3. Call price: The price at which the company calls the bonds, which is $214,000.

To calculate the gain or loss on retirement, we need to compare the call price with the carrying value:

Gain or Loss on Retirement = Call Price - Carrying Value
= $214,000 - $218,600
= -$4,600

Since the result is negative, Chang Industries will incur a loss of $4,600 on the retirement of these bonds. This loss occurs because the company is calling the bonds at a price lower than their current carrying value on the books.

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Answer:

Here:

Explanation:

Purchase price of shares = 24000

total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240

selling price of shares = 29100

total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065

Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825

Answer:i have no answer but you are making more income

Explanation:

cause

Answer:

These are the answers

Explanation:

Answer:

B. E-tax returns

Explanation:

E-tax returns is the electronic filing of tax returns via the internet.  It entails online submission of pre-approved tax return forms available on the tax authority's website.

In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.

Answer:

$17,528.00

Explanation:

The net cost of home-ownership will be the expenses minus savings.

Mortgage interests: $10,180

Property taxes :$3,690

Insurance :$833

Depreciation :$800

Maintenance and repairs :$900

Loss interest income :$2,375

Utilities: $2,450

The total expenses

= $10,180 + $3,690 + $833 + $800 + $900 + $2,375 + $2,450

=$21,228

Savings

=$21,228 - $3,700

=$17,528.00

Answer:

NEED CORRECT IN FORMATION BECAUS NOT EASY TO SOLVE

Explanation:

Answer: A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

Answer:

Explanation:

Among the given options, the exception is:

Undercut competitor's prices for comparable products.

The other options mentioned—creating a higher quality product, designing a technically superior product, and developing a special appeal for the product—are ways in which an organization applies the differentiation strategy to provide the customer with something unique and distinctive from its competition. These strategies aim to differentiate the organization's products or services in a way that sets them apart from competitors and creates value for customers. However, undercutting competitor's prices does not typically align with the differentiation strategy, as it primarily focuses on offering products or services at a lower cost rather than providing unique and distinctive features or qualities.

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An investor who desires a 2% yield on a $180,000 debenture bond with a maturity of 15 years and an annual interest payment of $9,000 would pay $274,574 for the bond.

A debenture bond is a type of debt instrument that is unsecured. A debenture bond is an unsecured debt security that is backed only by the borrower's creditworthiness and reputation. The bond has a fixed maturity and a fixed interest rate that is payable at set intervals.

The debenture bond pays $9,000 per year in interest and has a 15-year maturity. The desired yield is 2%.

What is the price of a debenture bond?

To solve for the price of a debenture bond, we'll use the formula:

P = (C / r) x [1 - 1 / (1 + r) ^ n]

Here:

C is the coupon payment (which equals the annual interest payment of $9,000), n is the number of periods until maturity (15 years), r is the yield to maturity (which is 2%)

Plugging in the values:

P = (9,000 / 0.02) x [1 - 1 / (1 + 0.02) ^ 15]= 450,000 x 0.610164= 274,573.9, which we round to 274,574.

Therefore, An investor who desires a 2% yield on a $180,000 debenture bond with a maturity of 15 years and an annual interest payment of $9,000 would pay $274,574 for the bond.

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Limited Liability is the benefit conferred by the corporate form of organizations in which an investor's personal responsibility for the debt of the business is limited to the amount the investor has invested in the firm.

Limited liability enables people to escape personal responsibility for a corporate entity's losses, enabling risk-averse people to take on risks that they otherwise would not have. This means that in order to satisfy their debts, the creditors of an incorporated corporation cannot go after the owner's personal assets. Owners of a business that operates as a corporation are responsible for all debts and business losses up to the amount they invested in the corporation.

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Answer:

The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.

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a) To determine the appropriate timing strategy when tax rates change, you need to consider several factors such as your current and expected future tax brackets and the timing of your income and expenses.

b) The information do you need to determine the appropriate timing strategy when tax rates change is income.

c) When tax rates change, it can affect your decision-making process in terms of when to invest or withdraw money from your investments.

For instance, if you believe that tax rates will increase in the future, you may want to accelerate your income in the current year to avoid paying a higher tax rate in the future.

To determine the appropriate timing strategy when tax rates change, you need to consider several factors, including your current tax bracket, your expected future tax bracket, and the timing of your income and expenses.

Moreover, changing income tax laws can significantly impact your timing strategy.

As a result, it may be more challenging to determine the appropriate timing strategy for your investments.

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A) The government establishes the rules of the game for economic transactions in order to legitimize and enforce contracts. This is answering choice A.

By setting up a legal framework for transactions, the government creates a stable and predictable environment that encourages businesses and individuals to engage in economic activity. Contracts are agreements between parties that are legally enforceable, and without a legal system that can enforce contracts, economic transactions would be far riskier and less efficient.

Additionally, the government may use regulations to protect the health and safety of consumers, to promote fair competition, and to prevent negative externalities such as pollution. Overall, the role of government in the economy is to provide a stable and predictable legal framework that encourages economic activity while protecting the public interest.

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Answer:

Short term: Try and sell the one pair of cleats that are used.

Med term: Try and sell Two pairs for a lower price like two pairs for $40

Long term: Try and sell all the cleats before you have to leave the store.

Explanation:

I like goals!

Answer:

2.61

Explanation:

Oligopolistic markets feature only a few large and usually dominant competitors. Meanwhile, the customers who purchase goods or services inside this type of market are often quite price-sensitive. Option A is the correct answer.

In an oligopolistic market, there are only a few significant competitors who hold a dominant position. These dominant competitors have a significant influence on market dynamics and often control a large portion of the market share. Due to the limited number of competitors, the actions and decisions of each player can have a substantial impact on the market as a whole. Oligopolies can exist in various industries, such as telecommunications, automobile manufacturing, and airline industries.

In this type of market, customers tend to be price-sensitive. Since there are only a few major competitors, customers may have limited options for purchasing goods or services. As a result, they are more likely to compare prices and seek the most competitive offers. The dominance of a few players in the market can lead to increased price competition as companies strive to attract price-sensitive customers. Therefore, Option A (Oligopolistic markets) is the correct answer.

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