Answer and Explanation:
The journal entry to record the investment of Bloom is as follows:
Cash Dr $2,000
To Capital $2,000
(Being the investment is recorded)
Here the cash is debited as it increased the asset and capital is credited as it also increased the equity
If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.
<h3>What is a Contribution Margin?</h3>
The contribution margin can be expressed in gross income terms. After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.
The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.
This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.
Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.
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Nadia works in a clothing retail store. Her initial contact with a customer is most likely to be personal selling works best when the product is on sale.
The corporate sales team consists of sales company employees. Contractor.
Sales Reps Provide Information and Advice: Customers understand the value and are willing to indirectly pay for sales reps' training and advice. -Salespeople save time and simplify shopping: Customers value the time and effort they save.
Retail stores and services are referred to as the "cloud". Salesforce offers six types of clouds: Sales Cloud, Marketing Cloud, Commerce Cloud, Service Cloud, Experience Cloud, and Analytics Cloud.
Learn more about the retail stores at
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Answer:
Explanation:
A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.
A credit is an entry alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.
