The marketing method used in the situation described is advertising.
<h3>What is marketing?</h3>
Marketing is a business term that refers to the set of actions of a company intended to intentionally stimulate the demand and purchase of goods and services.
One of the most popular marketing actions is advertising, in which advertisements are created to create a need for the buyer to purchase that good or service. Sometimes advertising includes a specialization, that is, it focuses on a specific audience.
In the case described, the company is using advertising so that people believe they need to buy the ticket and participate in the experience offered by it. Additionally, people will be more interested in this package because it includes different activities from other cruises.
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The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
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Level of commitment, drive and energy that a company's workers bring to the role everyday.
Answer:
79,000 tons
Explanation:
When you use the weighted average method for determining equivalent units, the total number of equivalent units = units completed and transferred out + equivalent units in ending inventory.
In this case, since the materials are added at the beginning of the production process, all the units are 100% complete regarding direct materials.
Answer:
Two categories of expenses in merchandising companies are c. cost of goods sold and operating expenses
Explanation:
Merchandising Companies will incur direct expenses related to their trading activities in relation to each of their sales and these are known as cost of goods sold. Cost of Goods Sold is an expense in the Trading Account.
However, the Merchandising Company will also incur other indirect expenses to maintain its trading and are not directly related to each sale of their merchandise. For example the cost of Administration Work and Depreciation of its equipment. These are known as Operating Expenses. Operating Expenses are expenses in the Profit and loss Account
