When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale would include:_____.a. debiting Cost of Goods Sold and crediting Accounts Receivable. b. debiting Accounts Receivable and crediting Sales. c. debiting Accounts Receivable and crediting Cost of Goods Sold. d. debiting Accounts Receivable and crediting Inventory.

Answers

Answer 1

Answer:

b. debiting Accounts Receivable and crediting Sales.

Explanation:

When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale would include debiting Accounts Receivable and crediting Sales.

A perpetual system of inventory can be defined as a process of financial accounting, which involves the recording of informations about an inventory on a continuous basis (in real-time) as the sales or purchases are made through the use of enterprise management software applications and a digitized point-of-sale services.

In Accounting, to record a journal entry for a sale on an account, the account receivable would be debited because it is an asset and shall be increased with debits while crediting the sales account for the amount being paid by the customer.

Under a perpetual system of inventory, updates of the journal entry for a sale would include debiting Accounts Receivable and crediting Sales immediately as it is being made or happening. This is to ensure that the inventory account balance is always accurate provided there are no spoilage, theft etc.


Related Questions

_____ refers to the impact of the change in currency exchange rate on the reported financial statements of a company

Answers

Answer:

NET INCOME

Explanation:

as you re measure each transaction, the difference, gain or loss, flows through income statement as a foreign currency transaction adjustment.

what is meant by entry book

Answers

Answer:

Its a record of money in the bank

what is a social workers job description?

Answers

social workers help people who are having problems and they help them to overcome them !

How does Ana spend her time in seedfolks?

Answers

Answer:

B

Explanation:

Got it right on edg 2020

What is it called when businesses are doing poorly and stock prices drop?

Answers

Answer:

When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds

Explanation:

Astrid is considering advertising her new restaurant on the radio to attract more customers. She knows that in order to attract listeners' attention on the radio, it will be important for her to

Answers

To attract listeners' attention on the radio, Astrid should focus on creating compelling and engaging advertisements that effectively communicate the unique selling points and benefits of her new restaurant.

When advertising on the radio, Astrid needs to consider the limitations of the medium, such as the absence of visual elements. To grab listeners' attention, she should focus on creating captivating audio advertisements. This can be achieved by using attention-grabbing hooks, such as catchy jingles or intriguing opening statements, to pique the curiosity of the listeners.

Astrid should also ensure that her advertisements effectively communicate the unique selling points and benefits of her new restaurant. This includes highlighting the restaurant's specialties, unique menu items, ambiance, and any promotions or special offers. Clear and concise messaging, combined with a compelling call to action, can encourage listeners to visit the restaurant and become potential customers.

Hence, Astrid can attract listeners' attention on the radio by creating compelling and engaging advertisements that effectively communicate the unique features and benefits of her new restaurant. By utilizing attention-grabbing hooks and delivering a persuasive message, she can increase the chances of attracting more customers to her establishment.

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Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments

Answers

Answer is B.) Harassment

hope I could help goodluck

Brendon Inc. required a permit to open its business in a foreign country. Although it had met all the requirements for the permit, the officials delayed providing Brendon Inc. with the permit. To expedite the process, the company made a payment to a high-ranking official who has the authority to grant the permit. Which of the following types of payment does this scenario exemplify?
A)Accentuation payment
B)Facilitation payment
C)Explicit payment
D)Implicit payment

Answers

Yo crato ke its hes la letra C

Explanation:

The scenario described exemplifies a facilitation payment. Therefore, option B is correct.

What is facilitation payment?

Facilitation payment, also known as a "grease payment," is a payment made to a government official to facilitate or expedite a routine government action, such as the issuance of a permit or license.

These payments are typically small amounts of money and are made to speed up the process that is already required by law or regulation.

Facilitation payments are distinct from bribes, which are payments made to gain an undue advantage or influence over a government official, and are usually larger in amount.

Facilitation payments are often made in countries where bureaucratic red tape is prevalent, and obtaining routine government services or approvals can be time-consuming and difficult.

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2. Make a list of information areas that the individuals who join foreign
employment should know or understand.​

Answers

Answer:

Going from one country to another country for job and to earn money is called foreign employment. People of Nepal go to different countries of the world for jobs and earning. It uplifts the life standard of the people and has become an important source of earning foreign currency.

Explanation:

what learning options can i take part in during high school?​

Answers

Depends on what you mean by learning options in my school I am currently taking classes such as Forensic, Intro to business, Marketing, Sociology, British and world lit., Geometry. It depends on what grade you are in and if your school is k-12 then your more likely to have these types of classes with students ranging from 9-12 grade. I hope this helped!

pricing is the determination of an exchange price at which the seller perceives optimum value for a good or service.
true
false

Answers

Pricing is the process of choosing an exchange rate at which the seller believes their product or service offers the best value. is true assertion

What is the value?

Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.

Pricing is the process of establishing an exchange rate at which both the buyer and the seller consider a good or service to be worth the most money. The amount that buyers and sellers value are ready to accept is known as the exchange price.

Therefore, The vendor feels that their good or service is the best value. is accurate statement

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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%

Answers

It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).

What is Operating Leverage?

The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.

Magnitude of operating leverage= 4.5

Old sales= $100000

New sales= $110000

Percentage increase in sales:

(New-old)/old = (110,000-100,000)/100,000

                       = 10%

Consequently, a percentage rise in profit might be anticipated:

sales percentage growth times the degree of operational leverage

                        = 10% * 4.5

                        = 45%

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formula for calculating weekly salary from yearly salary?

Answers

First, divide the employee’s annual salary by 52 weeks (the number of weeks in a year).

Example : $31,200 ÷ 52 = $600 per week

Match each business model with the advantage it brings.​

Match each business model with the advantage it brings.

Answers

Answer:

1. Subscription.

2. Bait and Hook.

3. Cutting out the Middleman.

Explanation:

Some of the commonly used business models across the world include the following;

1. Subscription: steady revenue and predictable profits. It is a business model which typically involves customers paying a recurring fee or price (revenue) for the use of a particular product or service. These customers are usually charged either on a monthly or annual basis. An example is the subscription for paid cable tv by various customers.

2. Bait and Hook: attractive prices for basic product. It is also referred to as the razor and blade business model. Bait and Hook typically involves selling a product at a very low price so as to gain the attention of the buyer and selling a complementary product (refill) to the same buyer at a very high price. An example is a mobile phone (bait) and airtime plus data (hook).

3. Cutting out the Middleman: reduction in transaction costs and processing time. It typically involves the elimination of an intermediary (middleman) in the supply of goods and services to the end users or customers.

An example is the business to consumer (B2C) company such as Walmart, Uber, etc.

4. When it comes to owning a hotel there are a variety of options for ownership such as

franchising, independent lodging, REITS management contracts and vacation ownershipsh

or timeshares Briefly explain each of these highlighting the disadvantages and

advantages of each which would you choose? Why?

5. Why are room counts important to hotels? What are some strategies to achieve accuracy

in this department? Within your answer explain and analyze the value and impact of

calculation of hotel occupancy average daily rate (ADR) and revenue available room

Answers

Room counts are important to hotels is because they play a crucial role in measuring the hotel's performance and profitability. Accurate room counts allow hotels to assess their occupancy rates and calculate their average daily rate (ADR) and revenue available room (RevPAR), which are key metrics in the hotel industry.

Room counts refer to the number of rooms available in a hotel, and it is important to maintain accurate records of the number of rooms to ensure that the hotel can manage its inventory and resources efficiently. Accurate room counts enable hotels to optimize their pricing strategies, as they can adjust room rates based on demand and occupancy levels. Additionally, accurate room counts can help hotels manage their staffing levels, as they can anticipate how many staff members are required to provide quality service to guests.

To achieve accuracy in this department, hotels can implement strategies such as investing in property management systems (PMS) and automated room count tracking systems. PMS can help hotels track inventory and occupancy levels in real-time, while automated systems can provide accurate room count data by using sensors and technology to monitor room occupancy.

The calculation of hotel occupancy, ADR, and RevPAR are critical metrics in the hotel industry as they provide a comprehensive overview of a hotel's financial performance. Occupancy rates measure the percentage of rooms occupied over a given period, while ADR measures the average room rate per occupied room. RevPAR, on the other hand, measures the revenue generated per available room.

Analyzing these metrics can help hotels identify their strengths and weaknesses and develop strategies to improve their financial performance. For example, if a hotel has low occupancy rates, it may consider implementing marketing campaigns or pricing strategies to attract more guests. Similarly, if a hotel's ADR is lower than its competitors, it may consider adjusting its pricing strategy to remain competitive.

In conclusion, room counts are important to hotels as they enable them to manage their inventory and resources efficiently. Accurate room counts, along with the calculation of occupancy, ADR, and RevPAR, provide a comprehensive overview of a hotel's financial performance and enable hotels to develop strategies to improve their profitability. By implementing accurate tracking systems and analyzing these metrics, hotels can stay competitive and thrive in the dynamic and competitive hotel industry.

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(Figure: Monetary Policy) Refer to the figure. Assume that the economy is initially at point Y in the graph. If the Fed takes the appropriate action with monetary policy, but overestimates how serious the recession is, then:
the Fed would overshoot and the economy would move to point W.

Answers

The recession is the Fed would overshoot, and the economy would move to point W.

Monetary policy is the macroeconomic coverage laid down with the aid of using the imperative bank. It includes control of cash deliver and hobby price and is the call for aspect financial coverage utilized by the authorities of a rustic to gain macroeconomic targets like inflation, consumption, boom and liquidity.

Central banks have 4 principal economic coverage equipment: the reserve requirement, open marketplace operations, the bargain price, and hobby on reserves. 1 Most imperative bank additionally have loads extra equipment at their disposal.

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According to this image :
1- What is the age range of the generation with the highest amount of household debt?

2-Which is the only generation to decrease its average debt from 2019 to 2020?


3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.


4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).

5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.

I have to turn this worksheet today, So please ANYONE help me out please ASAP..

According to this image :1- What is the age range of the generation with the highest amount of household

Answers

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

Shady lawyer. Brice had a number of ethical issues come up in law school involving alleged cheating but managed to graduate because nothing was ever proven. Upon obtaining his law license, Brice enjoyed living "on the edge" and engaged in tactics that were at least questionable. One of his clients was an older gentleman, Sam, with significant assets and significant legal issues involving a messy divorce stemming from his involvement with a local dog groomer, Susie. Brice told Sam that he felt certain that he could arrange matters so that Sam could live happily in the Caribbean with Susie but that, in addition to paying a hefty legal fee, Sam would need to name Brice as a significant beneficiary in his will and give Brice power of attorney over his assets. Sam agreed to do so. He gave Brice power of attorney and changed his will to reflect that upon his death, Brice would receive half his estate. The other half went to Susie. Sam also paid the hefty legal fee Brice demanded. At that point, Brice agreed to proceed with negotiations in the divorce. Shortly after the divorce, Sam had an unexpected heart attack and died immediately. Susie, the executor of the will, told Brice that she was reporting him to the state bar association and that he was not entitled to any assets from the estate. Brice told Susie that he knew that Susie had failed to pay income tax for all her dog grooming and that he was reporting her unless she kept her mouth shut and consented to the terms of the contract. Brice also said that in return for keeping his mouth shut, he wanted additional sums purportedly for his work on Sam's divorce. Assuming that Sam had paid all amounts validly due from the divorce proceeding, which of the following is true regarding Brice's attempt to obtain additional fees?
A. Brice has caused Susie to experience duress.
B. Brice has unduly influenced Susie.
C. Brice has caused Susie to experience duress and unduly influenced Susie.
D. Brice has committed intentional wrongful disclosure.
E. Brice is not guilty of anything, so long as he used no physical force to obtain Susie's agreement.

Answers

Answer:

A. Brice has caused Susie to experience duress

Explanation:

Based on the information given BRICE HAS CAUSED SUSIE TO EXPERIENCE DURESS is true regarding Brice's attempt to obtain additional fees based on the fact Brice is threatening , Forcing and persuading Susie to do things against her will by threatening to report her due to her failure to pay income tax because she said that Brice does not have the legal right to obtain the money from the estate unless she kept her mouth shut and agree to the terms of the contract, which inturn makes Brice to attempt to collect additional fees based on Sam divorce case in return for not reporting her.

Organizations evaluate their operations through the recording, measurement, and interpretation of financial information. This process is known as ______. Multiple choice question. processing bookkeeping finance accounting

Answers

Organizations evaluate their operations through the recording, measurement, and interpretation of financial information. This process is known as Accounting.

Accounting is the process of recording, measuring, and interpreting financial information to evaluate an organization's operations. It involves the preparation of financial statements, such as the balance sheet, income statement, and cash flow statement, which provide insight into an organization's financial health. Accounting is a crucial function for businesses, as it helps them make informed decisions about their operations, investments, and financial strategy. Bookkeeping is a subset of accounting that deals with recording transactions, while finance focuses on managing and planning financial resources.

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As an entrepreneur, jill spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative
duties.
OA.
True
OB.
False

Answers

It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.

Who is an enterprenuer?

An entrepreneur is an individual who Identifies a gap or problem and creates a new business around it.

The persons bears most of the risks attached to the business and is more dedicated to the activities, planning and administrative work of the business.

Therefore, It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.

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4. "If the demand for workers with doctorate degrees in economics increases, we would expect the wages of economists to decline in the short run and the number of economists employed to increase in the long run." -- Is this statement true, false, or uncertain?

Answers

The statement suggests that if the demand for workers with doctorate degrees in economics increases, we would expect the wages of economists to decline in the short run and the number of economists employed to increase in the long run.

This statement is uncertain. Let me explain why: 1. In the short run: When the demand for workers with doctorate degrees in economics increases, it could potentially lead to an increase in the wages of economists. This is because there would be a limited supply of economists available, and employers may need to offer higher wages to attract and retain qualified economists. 2. In the long run: As more individuals pursue doctorate degrees in economics to meet the increased demand, the number of economists would likely increase. This increase in supply could potentially lead to a decrease in wages due to more competition among economists for available job positions. However, it's important to note that the actual outcome is uncertain and depends on various factors such as the magnitude of the increase in demand, the speed at which individuals can obtain doctorate degrees, and the responsiveness of wages to changes in supply and demand.

So, while the statement provides a logical argument, the actual impact on wages and employment of economists cannot be determined with certainty without considering additional information and analyzing the specific circumstances.

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1
"I put $200 into my retirement account at work," Maisie says. "And I see that my employer put in $200 in the same account! What is this?" What is
Maisie describing?
A. medical insurance
O B. worker's compensation
OC. matching funds
O D. Social Security
um. All rights reserved.
Reset
Next
G

Answers

In matching funds, as Maisie is discussing, her company makes a contribution to her retirement account that is equal to the one she makes.

What do you mean by matching funds?

funding matches. a confirmed cash contribution or financial commitments from approved sources, free of any conflicts of interest, that are used for approved project purposes during the grant financing period.

How do match funds function?

The non-federal portion of the total project expenditures that a grantee must contribute in order to fulfill the objectives of the award is known as a match for a federal grant. The program RFP should be consulted because the needed match percentage, sources of match, and other conditions differ from program to program.

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Brainliest-
How any two stakeholders affect the quality of toyota's products?​

Answers

Answer:

The company's brand value, human resource skills, and financial soundness are all influenced by these stakeholders. It affects toyota's quality products to be either better or worse.

The approach that an organization is more effective when it considers the needs and expectations of those who affect or are affected by its actions is known as the ______ perspective.

Answers

The approach that an organization is more effective when it considers the needs and expectations of those who affect or are affected by its actions is known as the stakeholder perspective.

What is the stakeholder perspective?The stakeholder perspective is a viewpoint on organizational management that focuses on the various groups of people or stakeholders who have an interest in the company's decisions and actions. These individuals or groups can include investors, employees, consumers, vendors, and members of the community where the company operates.

This philosophy helps businesses create more long-term value and avoid the negative consequences of ignoring stakeholders' interests.The stakeholder approach to management is concerned with balancing the demands of all stakeholders while fulfilling the company's primary objectives and strategic goals. This approach also advocates for a long answer to complex issues that require careful consideration of all potential outcomes.

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Whitney received $77,300 of taxable income in 2022. All of the income was salary from her employer. What is her income tax liability in each of the following alternative situations? Use Tax Rate Schedule for reference.
Note: Do not round intermediate calculations.
Required:
1. She files under the single filing status.
2. She files a joint tax return with her spouse. Together their taxable income is $77,300.
3. She is married but files a separate tax return. Her taxable income is $77,300.
4. She files as a head of household.

Answers

Whitney would then calculate her income tax liability by multiplying her taxable income by the tax rate applicable to her bracket. The income tax liability for Whitney in each of the alternative situations can be determined by referring to the Tax Rate Schedule for 2022.

the Tax Rate Schedule may have multiple tax brackets, each with its own tax rate. The calculation of income tax liability may vary depending on the specific tax bracket that applies to Whitney's situation.
1. If Whitney files under the single filing status with a taxable income of $77,300, she can find her income tax liability by locating the corresponding tax bracket on the Tax Rate Schedule. The tax rate schedule will specify the tax rate applicable to her income level. Whitney would then calculate her income tax liability by multiplying her taxable income by the tax rate applicable to her bracket.


2. If Whitney files a joint tax return with her spouse and together they have a taxable income of $77,300, they can follow a similar process. They would locate the tax bracket that corresponds to their combined income and calculate their income tax liability by multiplying their taxable income by the applicable tax rate.

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1. Someone once said that the love of money is the root of all evil. Do you agree or disagree with this statement? Why?
2. Would you ever take a job as a volunteer--knowing that you were helping other people, but you would not get paid for your services. Why or why not?

3. Do you currently have a checking account, savings account, or credit card? If not, at what age do you think it is appropriate to have these types of accounts?

4. In order to buy a new bike, a car, or pay for college, it often takes time to save up the money. What types of things are important to you to save up for?

5. If you had to create a budget for your family, what are 5 necessary items that would be included in that budget? (For example, house payment or rent, utilities, etc).

Answers

Answer:

1. money makes people unpredictable and unreliable.

2. yes I would. even without the pay, being a volunteer is a fulfilling job. And it gives you a sense of responsibility and leadership standards that'll set you aside from others in respectable needs I.e job interview, college application.

3. yes I do have a students account. its necessary to open an account for even the youngest of kids as its good to get ahead in college savings.

4. college, a car , an apartment.

5. food

electricity

gas

school

water

you remove a firearm from its storage location in your home. how should you handle the firearm?

Answers

Answer:

With extreme care and if you are in trouble, check your fire to make sure you don't harm the wrong person

Explanation:

Firms receive factors of production from households. In which part of GDP with a household receiving rents from businesses be considered?
a. Taxes
b. Capital
C. Net Exports

Answers

A I think good luck :)))huff

Insurance can help with ???

Insurance can help with ???

Answers

Answer:

B. In an emergency

Explanation:

Insurance is purchased to protect things that you own

b because i said b is right

Cooley Company's stock has a beta of 0.60, the risk-free rate is 2.25%, and the market risk premium is 5.50%. What is the firm's required rate of return

Answers

5.55%

What is percentage?

In mathematics, a % is a number or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one tenth of a percent, 100 percent denotes the complete amount, and 200 percent denotes twice the amount of the given percentage, By dividing the value by the entire value and multiplying the result by 100, one may determine the percentage. The percentage calculation formula is (value/total value)100%.

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Why do you think the government used a cartoon turtle to convey the importance of being prepared? (1 pt) suppose you are using the doppler method to look for planets around another star. what must you do? Read the following sentence.The results of the election were quite impressive, Victor announced to the massive crowd awaiting the results.Which word should replace impressive to create a sentence with a negative connotation? Which of the following is NOT a monomial?(Please dont just guess, I need this question correct)A)12xyB)-8xC)15D2x+9 john just moved out of state and, in doing so, had to take a salary cut. at his previous job, his annual salary was $47,000 and his monthly expenses included a $850 rent payment, a $325 car payment, and $375 in minimum credit card payments. his new job has a salary of $43,500. he has the same car payment and minimum credit card payments, but his new apartment costs a mere $625 per month. how did john's move affect his debt-to-income (dti) ratio? How is solving an equation with no solution similar to solving an equation that has an infinite number of solutions? why the transaction is not successful? A 30.0-g object moving to the right at 20.5 cm/s overtakes and collides elastically with a 13.0-g object moving in the same direction at 15.0 cm/s. Find the velocity of each object after the collision. (Take the positive direction to be to the right. Indicate the direction with the sign of your answer.) what does 760mmHg represents?? How many continents have points of elevation that are more than 6,000 meters in height? (hurry please core nations have several different classes that consist of all but which of the following? a. capitalist class b. lower-middle class c. professional/management (upper middle) class d. the peasant class e. poor f. working class what is the relative frequency of eighth-graders who want fruit smoothies A useful technique for estimating the shapes of many asteroids has beenA) measurement by many closely spaced observers of occultations of stars by asteroids.B) direct photography of the asteroid's shape from Earth.C) photography from spacecraft, such as Galileo.D) measurement of brightness variations caused by asteroid rotation. the ratio of 2250 to 2000 what is the total yearly amount of precipitation for mt. charleston? Calculate the time required for a constant current of 0.868 A to deposit 0.387 g of Tl(III) as Tl(s) on a cathode. Postsynaptic facilitation a) All of the the statements are true. Ob) affects all targets of the postsynaptic neurons equally. Oc) is spatial summation. Od) occurs when a modulatory neuron synapses on A technician is diagnosing a vehicle that does not crank over when the gear selector is in park or neutral but does crank when the gear selector is in Reverse and Drive. Technician A says the neutral safety switch could need adjustment. Technician B says the gear selector linkage could need adjustment. Who is correct A car is travelling at 40 mphHow long will it take this car to travel 130 miles? Please help me fill in this answer........Ill mark brainliestHelp me please:)