Answer: A debit to Long-Term Investments-HTM $300,000
Explanation:
A journal entry is the act of making records of the transactions that takes place and such transactions typically shows the debit and credit balance of the company.
From the question, we are informed that Landmark Corp. buys $300,000 of Schroeter Company's 8% five-year bonds payable at par value on September 1. Interest payments are made semiannually and that Landmark plans to hold the bonds for the five year life.
The journal entry to record the purchase should include a debit to Long-Term Investments-HTM $300,000.
Answer:In this case the buyer is <u><em>not bound by the contract</em></u> because <em><u>"this contract may not be assigned" means that duties may not be delegated, and the seller delegated a duty.</u></em>
Here, the agreement is particularly defined by a provision that clearly states that: “This contract may not be assigned, and any violation of this prohibition voids the contract.” Therefore, if after the contract is signed and thus the production of the commodity is overtaken by another manufacturer , then the buyer's claim is right and he is not bound by the contract.
<em><u>Therefore, the correct option is (A).</u></em>
Benefits: you can use some money to pay for stuff you don't have. You don't have to worry about it right away.
Risks: lose track of how much you are spending compared to what you have. You can also get into serious debt without realizing it affecting your spending on things in the future.
Answer:
Debit 1,000 cost of goods sold.
Explanation:
Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.
Dr Costs of goods sold $1,000
Cr Inventory $1,000
[($50*$120)-($50*$100)]
(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)
Answer:
A.) Consumer Education
Explanation:
CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.
Simply stated, it's a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.
Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
In this context, consumer education is a strategic process which typically involves gaining the necessary resources and skills required to manage consumer resources in order to continue to provide satisfactory services to them.
