All categories

3 years ago

In a periodic inventory system, the entry at the time of a sale to record the cost of inventory sold includes a:

Business

1 answer:

Reika [66]3 years ago

8 0

Answer:

Debit : Cost of Sales and Credit : Inventory

Explanation:

The periodic method recalculates the value of goods held after each and every transaction made involving inventories.

Inventory records are updated electronically to record the sale by reducing the inventory balance (a credit entry) and increasing the cost of sale (debit entry)

You might be interested in

What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular

frosja888 [35]

Answer:

Positive questions.

Explanation:

Positive questions is a type of questions that can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful.

Hence, positive questions in economics are primarily fact based and objective, thus the statements (questions) are descriptive, concise, clearly measurable, precise and without any value judgment.

For instance, asking if education trust funds by the government increases public expenditures is an example of a positive question.

5 0

4 years ago

An example of a free rider is a. someone who benefits from clean air without paying for it. b. someone who adds value to a netwo

Anna71 [15]

is a person who benefits from something without expending effort or paying for it.

3 0

3 years ago

After hearing test results from her doctor, erin realized her weight was really impacting her health. with respect to the proces

Yuri [45]

With high opinion to the procedure of altering a habit, janice is at awareness step. The consciousness denotes to the individual awareness of your sole interpretations, commemorations, emotional state, feelings and surroundings. The conscious involvements are continuously instable and altering.

4 0

4 years ago

In the purchasing decision process, the ________ are those who have the power to prevent sellers or information from reaching me

VikaD [51]

Answer: The gate keeper

Explanation: The gate keeper in purchase decision making, is the individual who works directly for the decision maker. The gate keeper gives key advice to the decision maker when making purchase, to either make a deal or not.

The gatekeeper has the ability of stopping information about a product from getting to the key decision maker in purchase.

5 0

3 years ago

The supply and demand curves show data for trendy smartphone covers. How would the graph change if the producer hired a popular

yaroslaw [1]

Answer: The correct answer is option B; Add D2 to the right of D, showing an increase in demand and increase in equilibrium price.

Explanation: The demand for a commodity is usually affected either positively or negatively by some factors or determinants. Foremost among the factors of demand is price of the commodity. Other factors include;

(a) Price of substitute commodities

(b) Consumers preferences

(d) Weather conditions

(e) Advertising

In the question above, the use of a popular actor as the spokesperson of the product is a form of advertising that is intended to improve upon the perception of the commodity and hence encourage consumers to buy more of it. If the popular personality endorses a product, there is an almost one hundred percent likelihood that consumers would see the product as a preferred choice and this would cause the demand to go up or increase.

An increase in the market demand would be signified by the outward shift of the demand curve to the right from D to D2. Since the x-axis shows the quantity demanded increasing towards the right hand side, then an increase in market demand would be reflected by a shift of the demand curve to the right.

As a result of that, the price would now move from P to P2 which shows an increase in equilibrium price. Also the quantity demanded would move from Q to Q2 which also indicates an increase in demand.

6 0

3 years ago