Answer:
The journal entry is shown below.
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Journal entry
Jul.4 Cash A/c Dr $147
Card charges A/c Dr. $3
To Sales revenue A/c $150
(Being card transaction is recorded)
Computation:
Cash = $150 - 2% × $150 = $147
Card charges = $150 × 2% = $3
I would suggest it would most likely to be either A or B or both, however if I had to pick one I would go for A.
A - The question suggests you may have been putting more effort and <span>enthusiasm</span> into sales of the products for your new business "<span>you were so excited about the large volume of orders you had" which may mean after your first year of business you may have started to slack of or get complacent with putting you business out there marketing wise, also when launching a product for the first time people are interested in the new and latest thing (such as a new business) after a while people start to forget unless you have marketing and advertising to remind them.
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B - If the product you offer is unique and you were the first business to sale this / these items then after a year it is possible other competitors have started to copy you however this would completely depend on the products you sale.
C - Given you already had large orders in the first year people are happy to pay for the products you offer so this would exclude C.
D - If you have already had many orders in the first year people obviously want the products you sale even if you only sale 1 or 2 things so unlikely to be D.
Answer:
price equals minimum average total cost
Explanation:
As we know that in the short run, the firms earns the economic profit but in the long run when a new firm is entered into the indusry and there is a market share so the demand of the market is to be shared by each firm due to which the demand would be less
So this represents that price is equivalent to the average total cost
Hence, the last option is correct
Credentialing resource management activity identifies and verifies that personnel is qualified.
<h3>What is management?</h3>
- Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity.
- It is both the science and the art of managing a company's resources.
- Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.
<h3>What roles does management play?</h3>
- Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level.
- These five responsibilities are a part of a corpus of guidelines and management-related beliefs.
Learn more about management here:
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