Answer:
Option A-The revenue must be recognized on 31 August.
Explanation:
The accrual concept says that the income must be recognized when they are earned not when the amount is received and expenses when they are incurred not when they are paid.
So according to accrual concept, the entity must deliver its share to recognize sales that is servicing the car. When the entity will service the car then it should recognize the revenue otherwise not. So in accrual basis accounting the date of payment is irrelevant for recognition of revenue and expenses.
What is the primary force that determines what a firm buys and sells? The law of supply and demand. A firm will buy and sell items that they are in need of and what their consumers are in need of. The firm will base the items they carry on the demand of consumers wanting them and likewise, the demand of an item from a consumer will lead to a business having a supply of it.
Answer:
a. The three generic strategies
b. Value chain analysis
e. SWOT Analysis
g. The Five Forces Model
Explanation:
The four tools commonly used by managers to develop competitive advantage are; The <u>three generic strategies, value chain analysis, SWOT Analysis and The Five Forces Model.</u>
- The three generic strategies are used to determine if the organization intends to compete from a position of <u>cost leadership</u> (offering low cost products), <u>product differentiation (</u>offering unique, high quality products<u>)</u> or <u>choosing a specific niche</u> to serve.
- When managers use the SWOT analysis, they <u>analyse the strengths and weaknesses of their organization as well as those of competitors, and also look out for opportunities to improve, and threats to be avoided.</u>
- Managers use the Value chain analysis, to <u>determine how to reduce cost, improve profitability and increase value for customers</u>, by monitoring the various processes involved, in production and delivery of goods, as well as after sale customer service.
- Porter's five forces model is used by managers to <u>determine the extent and strength of competition</u> in an industry and what industry to enter or avoid. It also provides information on the bargaining power of buyers and suppliers in the market and the threat of substitute products to the organization's products.
Answer:
Motivation
Explanation:
Motivation in an organization is a process of e<u>ncouraging employees to perform at higher levels and thereby increase productivity, to increase the chances of the organization achieving its goals and making more profit</u>.
Nancy Cardigan, the General Manager of Robinsons-May, intends to incite her sales associates and get them excited about the upcoming holiday season that comes with an opportunity for increased sales. Therefore she calls a meeting with a purpose of motivating them.
The correct answer to this open question is the following.
Explain the HIPP of the primary sources below source: "letter written by John Rolfe."
"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.
"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.
"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.
"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.
