Answer:
The answer is given below;
Explanation:
The adjusting entry will be;
Income Statement Dr.$5,000
Inventory Cr.$5,000
As the NRV is less than cost,therefore difference amount will be charged to profit and loss account.
Answer:
Make decisions that maximize benefits
Explanation:
The whole purpose of a cost-benefit analysis is to allow management to make the best decisions using the measurment of profitability in a specific project or system. The model calculates all the income and benefits as well as all the associated costs, substracting the costs from the benefits. This is how you can determine the opportunity cost for each project or system.
Answer:
$1,600
Explanation:
It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600
I think the Constitution provides that the total number of seats in the House shall be distributed among the States on the basis of their respective populations.
The societal marketing concept holds that <em>a company's marketing decisions should focus on creating economic value in a way that also creates value for the surrounding environment</em>
Let understand that "Marketing" refers to actions taken by an organization to attract customers as well as building positive relationship to encourage future patronize of the offered goods and services.
The concept of Marketing is classified into five:
- Production concept
- Product concept
- Selling concept
- Marketing concept
- Societal marketing concept.
In conclusion, the societal marketing concept emphasizes the well-being of consumer and the society and "states" that an organization must know the needs and wants of the target market and then produce them effectively in a way that satisfy the consumer and the society at large.
Learn more societal marketing concept here
<em>brainly.com/question/14409298</em>
