Answer:
D. Purchase orders
Explanation:
A purchase order is a document legally binding a buyer and a sellerr. It is the official confirmation of an order.
It entails the details of the items the buyer agrees to buy at a certain price, the delivery date and terms of payment for the buyer.
Purchase orders includes details such as purchase order number, the shipping date, billing address, shipping address, quantities and price.
Purchase orders are used when buyers want to purchase goods from a seller, and helps sellers to track payment. It is prepared by the buyers.
Test marketing is a marketing method that aims to explore consumer response to a product or marketing campaign by making it available on a limited basis before a wider release. Consumers exposed to the product or campaign may or may not be aware that they are part of a test group.
Answer:
The $200,000 represents the revenue and the $50,000 represents the profit.
Explanation:
Answer:
It is the Cost of Goods Manufactured that should be transferred to the Finished Goods account. As both of them are asset account, adding to the Finished Goods account would debit it and taking from the Work in Process account would credit it.
Date Account Title Debit Credit
XX-XX-XXX Finished Goods $1,469,000
Work in Process $1,469,000
