assumption. 2. Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and services have been received. Which accounting concept governs the above? a. The prudence concept b. The materiality concept c. The accruals concept * d. The dual accept concept 3. Which accounting concept requires that foreseen losses should be anticipated and taken into account immediately? a. The consistency concept b. The accruals concept c. The prudence
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which the criminal offence was committed. (2) If the determination of the location where the criminal offence was committed is not possible‚ the criminal case shall be within the jurisdiction of the court in the operation district of which pre-trial proceedings were completed. (3) In cases of prolonged or continued criminal offences‚ the criminal case shall be within the jurisdiction of the court in the operational district of which the criminal offence was completed or interrupted. (4)
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Wilkerson Company 1. What is the competitive situation faced by Wilkerson? The critical product in term of market competition is the pumps of Wilkerson Company. The pumps are Wilkersons major product line with a production of about 12‚500 units per month. Pumps currently have the lowest gross margin among all products‚ because competitors had been reducing prices on pumps and Wilkerson adopted its prices in order to remain competitive and to maintain the volume. 2. Given some apparent problems with
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DBA 7101 MANAGEMENT CONCEPTS ASSIGNMENT-1 1. Discuss the role of various approaches of management in management theory. Which approach‚ do you think‚ adequately clears the nature of management? ……………………………………………………………………………[10 marks] 2. “Decision making is the primary task of the management”. Discuss this statement and explain the process of decision making. [10 marks] ASSIGNMENT-2 1. What are the leadership qualities
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Aeropostale Inc. Company Analysis: Overview‚ History and Current Structure Davenport University Aeropostale Inc. Company Analysis: Overview‚ History and Current Structure Aeropostale Incorporated is a “mall-based” retail store chain that caters to 14 to 17 year old young women and men who are interested in “casual apparel and accessories (Aeropostale Inc. Corporate‚ n.d.). According to Aeropostale website‚ a Privacy Policy
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important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell Oil-Nigeria stands out (Arvidsson‚ 1996). Corporate scandals are becoming the order of the day‚ thus giving reasons for the escalation of social and ethical commitment of society‚ putting pressure on companies to be transparent about their CSR. CSR is today the basic tool
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Coolibar Inc • Merchandise classifications / line? Coolibar Inc is designer‚ manufacturer and marketer of sun protection products. The company also sells protective clothing‚ sun hats‚ swim wear‚ sunglasses‚ umbrellas‚ sunscreens and sun-blockers for men women and kids in the United States • Retail price points for different merchandise lines? Coolibar pricing strategy places its products less than its major competitors and offers more divers products. Mott50’s main competitor
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In the trial of Socrates I am going to show that the defendant is not guilty on the first charge of corrupting the youth. My justifications for this vote are as follows. Socrates didn’t corrupt the youth‚ he just shared his ideas with them and they in turn chose the path to take these ideas. Part of understanding this case is understand the time in which the case was held. This time being 399 B.C.‚ a time in which Athens was a free democratic city‚ a town that prided itself at the time on
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The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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