The required entries are as follows:
Dr. Cost of goods sold $770
Cr. Inventory $770
Dr. Accounts receivable $1,260
Cr. Sales revenue $1,260
What entries are required for sale of merchandise?
When merchandise is sold, the company's inventory reduces and cost of goods sold increases ,hence, the appropriate entries are to debit cost of goods sold in the income statement and credit the inventory account in the balance sheet.
Also, to account for sale on account, which means credit sales, the revenue account is credited with the sales value whereas the account receivables which represents claim from the customer is debited, this would happen for every transaction because the inventory system is perpetual.
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Answer:
She can deduct the full $120,000. the answer is $120,000.
Explanation:
Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.
The appropriate response is Data Security. It alludes to defensive computerized security measures that are connected to forestall unapproved access to PCs, databases, and sites. Information security additionally shields information from defilement. Information security is a fundamental part of IT for associations of each size and sort.
Answer:
Explanation:
Firms still choose to go for an IPO for the following reasons;
1. Majorly, it is a means of generating revenue. Revenue is generated when stocks are sold to the public.
2. It is also a means of reducing risk, The cost of running the business is spread across many investors, so is the risk.
3. There is reduction of the overall cost of capital and gives the company a more solid standing when negotiating interest rates with banks.
4. Companies can easily offer up stocks instead of cash in the acquisition of other companies or in the case of mergers.
5. Having stocks listed on NSE is a means of public exposure
Investors choose to buy stocks of IPO firms because the initial offering is usually at a low rate since the firm is still small and relatively unknown. This stocks bought at a cheap rates have the chance of rising thus generating gains for the investors.
Answer: (A) Experimental research
Explanation:
The experimental research is one of the type of method that helps in determining the different types of data by using the scientific approach and it also control all the scientific variable information that can controlled all the manipulated data or information in the system.
The main purpose of the experimental research is that it helps in establish the relationship of the two variables and also used for the investigation purpose.
According to the given question, the papa john wanted to determine re different coupons on the pizza sales unit and he basically needs for conducting the experimental research.
Therefore, Option (A) is correct.
