A transaction is any monetary business event that impacts a business's financial statements.
<h3>The journal entries </h3>
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
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Answer:
The answer is B
Explanation:
When nobody wants the product, the product builds up until there is so much the product becomes cheaper. This is because the product is not scarce anymore.
Answer:
IMPORTANT NOTE: The data of the calculation was obtained from an online research.
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
siness and Industry Endorsement.
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Explanation:
Answer:
Market development
Explanation:
Market development can be defined as a growth strategy in which an organisation decides to sell off their existing goods to a new set of potential buyers. Market development helps to improve the capability of the market by moving into different unexplored part of the market.
The first step of market development is the creation of a good promotion approach. Organizations have to look for different advertising strategies which will be used to introduce their products into the new market so as to achieve rapid sales of the product.
H&R is considering a market development growth strategy so as to tap into new market segments.
