Answer:
A is the correct answer I think hope this helps
Answer:
b. A debit to Merchandise Inventory of $21,800, a credit to Accounts Payable of $21,800
Explanation:
Parker Company uses the perpetual inventory system. It bought merchandise on account from Beige Inc, invoice no. 342, $20,000; terms 1/15, n/30; dated June 25; FOB San Francisco, freight prepaid and added to the invoice, $1,800 (total $21,800).
The following journal entries records this purchase transaction: A debit to Merchandise Inventory of $21,800, a credit to Accounts Payable of $21,800
<u>The reason is that with a perpetual inventory system, transportation costs are added directly to the inventory balance</u>
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Answer:
Price Skimming
Explanation:
Price skimming: It is a pricing strategy of a firm that allow firm to use higher price of a product initially, however, firm reduce the price over the period of time to gain more marketshare by penetrating the product into different segment, which are price sensetive segment. Higher price at the beginning help the firm to gain more profit to cover most of the cost as demand is high at the beginning due to brand value and buzz created by the firm before launching the product in the market.
In the given case, Prairie herb vinegar have sold the 16-ounce bottle at higher price than Heinz Vinegar, however, they are used in the same way, as Prairie Herb vinegar is new to the market, perceived to be of higher quality, and provides a unique flavor to foods, which is a example of price skimming.
Answer: Producer price index
Explanation:
The producer price index is used to know the average differences in prices that are received by local producers for their output.
To calculate the producer price index, the current prices gotten by the sellers of a good or service is divided by the prices of the good or service using a base year and multiplying the result by 100. The producer price index is also a measure of inflation in an economy.
Answer:
a person who hires a mechanic to fix their car
Explanation:
In business, consumers refer to the group of people who purchase either goods or services from another people,
Let's examine the options one by one
- a person whose job is selling goods at a market
Clearly the seller. This person does not purchase the goods. He/She sells it.
- a person who hires a mechanic to fix their car
<u>This person is qualified as a consumer. He/she purchase a service from another person (the mechanic)</u>
- a person eats a meal from vegetables grown in their garden
This person is qualified as a producer since he/she produce the vegetables, not purchasing it from other people
- a person sells their old television to a friend
Sam reason as the first option
