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nalin [4]
3 years ago
9

X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th

e perpetual inventory system is used.
Business
1 answer:
tangare [24]3 years ago
5 0

Answer:

See explanation Section

Explanation:

The journal entry to record the purchase of merchandise -

Merchandise Inventory          Debit        $300

Cash                                         Credit           $300

Note: As the perpetual inventory shows the running inventory of cost of goods available for sale. Therefore, every purchase of merchandise will directly debit the merchandise inventory and not the purchase account. Since the company paid immediately, cash decreased.

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The overall process of dealing with all aspects of acquiring, keeping, and growing customers is referred to as ________.
Aleksandr [31]
 value proposition<span> is a clear statement that. explains how your product solves customers' problems or improves their situation (relevancy), delivers specific benefits (quantified</span>value<span>), tells the ideal customer why they should buy from you and not from the competition (unique differentiation).

</span>
7 0
3 years ago
The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for three years. The project's cost is $55
posledela

Answer:

$22,671

Explanation:

The calculation of the cash flow for the year one is as follows:

Given amount                                    $25,000

Less: Depreciation                            -$18,150

Earning before income and taxes    $6,850

Less: Income tax expense                -$2,329     ($6,850 × 34%)

Earning after taxes                            $4,521

Add: Depreciation expense              $18,150

Annual cash flow                               $22,671

The depreciation expense is computed below:

= $55,000 × 33%

= $18,150

3 0
3 years ago
What business approach has enabled walmart to drive prices down and react to market conditions more quickly?
oee [108]

Answer:

C) Supply chain management system

Explanation:

Supply Chain Management (SCM) includes all processes that transform raw materials into final products in order to maximize customer value and gain a competitive advantage in the marketplace. SCM covers everything from production to product development to the information systems needed for the best management.

The supply chain cycle of Wal-Mart includes procurement, manufacturing, distribution, retailing. As a retailer, Wal-Mart has to source its products from vendors domestically and globally, this creates a more effective supply chain that allows for lower prices.

3 0
3 years ago
Read 2 more answers
a type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called
Rus_ich [418]

A type of <u>group</u> that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called an association or labor group. This is further explained below.

<h3>What is a constitution?</h3>

Generally, the government is guided by a set of basic principles or precedents that are accepted by the public.

In conclusion, Association and labor groups are two types of groups that have a constitution and <em>bylaws</em> and have been formed for a reason other than getting insurance.

Read more about the constitution

brainly.com/question/19411179

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5 0
2 years ago
Product costs consist of all of the following except:_______
alexdok [17]

Answer: Dividends

Explanation:

What is Product costs ?

The cost incurred to produce a product are referred to as product  cost. Direct labor, direct materials, consumable production supplies, and factory overhead all are included in these prices. The cost of the labor necessary to provide a service to a customer can also be considered when calculating product cost. In the latter scenario, all cost involved with a service, such as compensation, payroll taxes, and employee benefits, ought to be included in the product cost.

Since product cost contains the amount of effort that is required by both GAAP and IFRS, it is included in the financial statements. When deciding on short-term production and sale-price strategies, however, managers may alter product costs to eliminate the overhead component.

To learn more about Product cost checkout the link below : https://brainly.ph/question/3079032

8 0
1 year ago
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