____________ outside peak demand periods poses a serious problem for service industries with ____________, like hotels
a. Low demand; high fixed costs
b. Low demand; low fixed costs
c. High demand; high fixed costs
d. High demand; low fixed costs
e. High demand; low variable costs
a
Business
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The revenue recognition principle guides accountants in ________
A) ensuring only revenues received in cash are recorded B) determining when to record expenses C) determining when to record revenues D) ensuring expenses are deducted from revenues
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Which of the following is one of the three parts of a financial plan?
A) taxation B) spending C) saving D) forecasting E) financial leverage
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