Explanation:
The journal entry is as follows:
Merchandise inventory Dr $20
To Cash $20
(Being the freight charges is paid)
In the case of the perpetual inventory system, we use the merchandised inventory for freight charges so we debited the merchandise inventory and credited the cash account. Both the accounts are recorded for $20
Answer:
c. In-house sale
Explanation:
Based on the information provided within the question it can be said that the type of sale is known as an In-house sale. This term refers to a sale where the listing broker also represents the buyer in the sale that is taking place. Which is exactly what is happening in this situation since both Jim and Sally work for the same brokerage.
Answer:
Formal source
Informal source
Explanation:
A formal source is either a person or medium providing consumption-related information and hired and paid by and organization. An informal source is person whom the message receiver knows personally, such as a parent or friend who gives product information or advice, or an individual met and respected online.
Answer:
Hello! Your answer would be, A) Cash equivalents earn slightly more interest than a savings account.
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The financial analysis component of a business plan is to describe the viability, stability and profitability of a business, sub-business or project.
<span>It is an aspect of the overall business finance function which includes the examining historical data to acquire information about the current and future financial health of a company, business or project.</span>