Answer: C.) Combination of beginning and ending inventorys
Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the most appropriate answer is option (D) because value-based based sales-oriented business shows the concept that the seller provides the service of the more value as regarding the money charged to the customer.
While the other options are not correct because of the following reasons:
- Option (A) is not correct because retailing oriented business shows that the seller establishes a shop for the sale and the buyer chooses the product as he likes it.
- Option (B) is not correct because the market-oriented business shows the concept of selling according to the market needs.
- Option (C) is not correct because production-oriented business shows the concept of selling on the basis of production of the product.
<u>Answer:</u> Social and motivational character trait helps him to be a good entrepreneur.
<u>Explanation:</u>
Oliver understands the strengths and weakness of the employees. He tries to nurture the strengths of the employees . By doing so the employees can be more productive and give efficient performance. He is being very social with the employees and understands their insecurities and tries to provide solution.
He concentrates on the personal growth of the individuals working under him. He plays the role of a motivational leader which helps him to be a successful entrepreneur. When the employees have job satisfaction they perform well in their work.
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In the short run the decrease in the investment spending associated with business pessimism will cause the price level to fall below
Explanation:
Due to this the price level and that the people expect and the quantity of the output will sharply fall below the natural level of the output the business pessimism will cause the markets to be down and it will increase the problem of unemployment
There will a natural increase in the problem of unemployment in the short run hence the decrease in the investment spending associated with business pessimism will cause the price level to decrease
Answer:
Date General Ledger Dr. Cr.
1. September 30 Cash $6,300
Sales Tax Payable $300
Sales $6,000
2. September 30 Cost of Goods Sold $3,900
Merchandise Inventory $3,900
3. October 15 Sales Tax Payable $300
Cash $300
Explanation:
Sales Tax is subject to the price of merchandise. Sales tax is collected by the business on the taxable supplies on the behalf of government and paid to the government.
Sales tax amount = 6,000 x 5% = $300
Cost of Merchandise is recorded as cost of goods sold and deducted from the merchandise inventory.
