The journal entry would be to debit the Sales allowance account and credit the merchandise account. This is because the sales allowance is an expense for the merchandiser so it will be debited and the person he is selling the merchandise to will be credited as the rule states to credit the receiver. These rules will be according to the golden rules of accounts.
So the journal entry will be Sales allowance a/c Dr.
To Merchandise a/c.
A perpetual inventory system is a computerized system to record inventory immediately. It is an automatic system and happens at the point of sale. By this method, the seller is able to keep aware of his inventory information immediately. This system uses computerized point-of-sale systems and enterprise asset management software.
This type of perpetual inventory system is usually used by grocers to keep an account of their goods. This makes their work much more efficient and easy.
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Answer:
the cost of the internal common equity is 14%
Explanation:
The computation of the cost of internal common equity is shown below;
Stock Price = Dividend per share ÷ (required rate of return - growth rate)
$60 = $3 ÷ (required rate of return - 0.09)
60 required return - $5.4 = $3
60 required return = $8.4
So, the required return is
= 8.4 ÷ 60
= 14%
Hence, the cost of the internal common equity is 14%
<span>barter
The barter market involves people directly trading goods and services for other goods and services. In this system haggling is customary.</span>
A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as (E) none of the above.
<h3>
What is Commerce Control List?</h3>
- The Commerce Control List (CCL) is a list of categories and product groupings used to evaluate if a U.S. Department of Commerce export license is required for U.S. exports.
- The CCL is organized into 10 major categories, each of which is subdivided into five product groupings.
- If your item is under the jurisdiction of the United States Department of Commerce but is not included on the CCL, it is labeled as EAR99.
As it is given in the description itself, if your item is under the jurisdiction of the United States Department of Commerce but is not included on the CCL, it is labeled as EAR99.
Therefore, a product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as (E) none of the above.
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The correct answer is given below:
A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as
a. NLR.
b. SED.
c. BIS.
d. UCC.
e. none of the above.
Answer:
e
Explanation:
except e other departments are incurring costs but not generating revenue
