The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
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Yes he should be because people had higher expectations
Answer:
D. continuous review system
Explanation:
In the context of manufacturing it seems that the system being described would be a continuous review system. Like mentioned in the question this is a system that automatically adjusts the stock level in real time when a product moves in or out of stock, and automatically triggers an order for more stock as soon as the stock level hits a low quantity point is hit.
The home loan must be repaid at a real interest rate of 3%; (8.5%-5.5%=3%).
<h3>Real interest rate </h3>
A real interest rate is adjusted to remove the effects of inflation and gives the real rate of a bond or loan. A nominal interest rate refers to the interest rate before taking inflation into account.
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Answer:
All of these products are its sold under his family brand
Explanation:
In the given question, the Vision co. deals in a variety of products which include tea, coffee, desserts, shoes, and sporting goods.
By sells his company brands, he captures the market area and has created a market position.
And, he promotes his family brand together.
Here, brand means to promote the company goods having a trademark so that the customers attract towards company goods and services by giving them great deals. It is an advertising strategy through which the company can capture its maximum market share.
Hence, All of these products are its sold under his family brand