Answer:
record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.
Explanation:
The perpetual inventory system maintains records of inventory movement and changes at the time of an inventory transaction, purchase, sale, or return using the inventory and cost of goods sold accounts instead of purchases account used under the periodic inventory system. An inventory purchase increases the value of inventory while a sale reduces it, and adjustments are made for returns. When goods are purchased or returned by customers, the inventory account is debited. When goods are returned to suppliers or sold, the account is credited.
Answer:
The correct answer is letter "C": Environmental scanning.
Explanation:
Environmental scanning refers to an analysis carried out by companies in an immediate and external atmosphere that will allow them to detect threats to counteract or mitigate them and opportunities from which the company can make a profit. Organizations engaged in environmental scanning are constantly reviewing different means of communication and conducting research that will keep them updated on market fluctuations.
Answer:
Journal entry on February 8 :
Debit : Cash $2,673
Debit : Discount received $27
Credit : Account Receivable $2,700
Explanation:
The journal entry that Smart makes on February should show the Cash payment net of cash discount, a decrease in Total Account Receivable balance and recognition of an expense discount allowed up to 1 %.
Answer: Limited Liability Company
Explanation:
LLC abbreviated as the Limited liability company is described as the corporate arrangement under which owners tend to be not independently liable for the organization's liabilities or their debts. The Limited liability companies are also known as the hybrid bodies that tend to combine characteristics of an organization with that of a sole proprietorship or partnership.
Answer:
What situation is considered reinforcement?
A. Receiving "thank you" from somebody after doing something nice.
Explanation:
The action or process of strengthening
