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Nikolay [14]
3 years ago
10

Difference between debit the receiver and credit the giver ​

Business
1 answer:
Vinil7 [7]3 years ago
6 0

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

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Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go
trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

              To Accounts payable A/c $1,350

(Being inventory purchased on credit)  

In the books of Sheridan Company

Account receivable A/c Dr $1,350

          To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

             To Merchandise Inventory A/c $655

(Being goods are sold at cost)  

5 0
4 years ago
Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The da
Vikki [24]
Oh okie so I can see you at church ⛪️
3 0
3 years ago
Explain how you will use each of the five P's of the marketing mix to achieve
bulgar [2K]

Answer & Explanation:

To determine the brand image goal, it is essential to identify the targeted market, segments first - who the brand serves and then conduct the market research to understand the demand, the tastes and preferences of the targeted customers.

Based on these information, we can use marketing mix to achieve the goal.

Product

If the brand has already chosen the sector to operate it, it should base on the market taste and demand to determine things related to the product, including: the functions, packaging, appearance, added value for customers, quality, and other supported services (such as warranty). These are information that customers usually consider when they make a purchasing decision. So that the brand should clarify the information about features of products, add benefits that the users can earn from the products.

Price

When determining the pricing strategy, the brand does not only consider the product price but also discounts policy, credit terms, etc. These would base on the position of the brand in the marketplace (in low price, premium or low-medium, etc. and providing high, low or medium quality products, etc.). This bases on the products the brand offers after considering the consumption habit, power of the targeted segments.

Place

Brand has to identify where the products are seen, distributed and purchased so as to approach the largest amount of potential customers. In the place strategy, the prioritized goal is to assure the products are accessible to the targeted customers. (For example, the brand can provide their products at convenient stores if this is the more preferred shopping places of targeted customers.)

Promotion

This refers to the activities to make the brand known more and attract more buyers, including types of advertisement, sponsorship, etc. There are two most common ways of promotion is promote directly the users or promote the distributors (the wholesalers) to import and sell the products of your brand.

People

The people strategy involves in the image of people participated in the brand such as staff, salesperson, other employees. This affects mainly the customer services - which would have considerable impact on the perception of customers about the brand. The people strategy can base on the image they want to target, for example to be basic, friendly or to make the customers feel the vibe of luxurious brand.

3 0
3 years ago
Materials must have which two qualities in order to be classified as direct materials?
schepotkina [342]
The answer to your question is
<span>d. they must be an integral part of the finished product but can be an insignificant portion of the total product cost.

Hope this helps you!


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3 0
3 years ago
If a company uses it's WACC as the discount rate for all of the projects it undertakes then the firm will tend to: I. reject som
dmitriy555 [2]

Answer:

It is E

Explanation:

Each different project has different risk profile i.e business risk and finance risk. At such , these risks must be adjusted for to produce project specific cost of capital.

If a company is investing in another line of business with a different risk profile to the existing business, this will have an impact on the WACC to be used to assess the viability of the new project.

Likewise, if the new project is being financed with a mixed of capital different from the current finance structure, such will equally impact on the WACC to be used.

6 0
3 years ago
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