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mina [271]
3 years ago
14

Prepare a tabular summary to record the transactions for the month using a perpetual inventor system.

Business
1 answer:
vfiekz [6]3 years ago
6 0

Answer:

                                   <u>Perpetual Inventor System.</u>

<u>                                                                               DR                                CR</u>

<u>                                                                                 $                                  $   </u>

March 2

(a) Accounts receivable                              $850,000

     Revenue                                                                                      $850,000

     Cost of goods sold                               $500,000

<u>  Inventory                                                                                          $500,000</u>

March 6

(b)  Inventory                                                  $60,000

Cost of goods sold                                                                           $60,000

Revenue                                                         $100,000  

<u>Accounts receivable                                                                       $100,000 </u>

March 12

(c)  Bank/Cash                                                      $850,000                      

<u>    Accounts receivable                                                                     $850,000 </u>

Explanation:

perpetual inventory system is an inventory system where inventory records are updated to reflect additions and subtractions inventory. Records will be made when  inventories are received, goods are sold items returned, etc.

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Bethany Richards is a book rep. She sells books to schools and libraries. She earns a 9 percent commission on every book she sel
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Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

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Whenever a product line or a product family is extended, there is a risk of cannibalization, which occurs when sales of an existing brand decline as the firm's current customers switch to the new product.

<h3>What is a new product line?</h3>

This is term that is used to refer to the offering of a new product from a line that the company has not offered previously. It is the introduction of a new product entirely to the market.

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