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IgorC [24]
3 years ago
9

A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they ha

ve incurred a $300 shrinkage in inventory. Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Business
1 answer:
never [62]3 years ago
5 0

Answer:

Debit: Shrinkage expense $300

Credit: Inventory $300

Explanation:

When your business experiences shrinkage, you must adjust your accounting books. Record inventory losses by increasing your Shrinkage Expense account and decreasing your Inventory account.

Debit your Shrinkage Expense account and credit your Inventory account.

To adjust for shrinkage, create a journal entry that looks like this:

Debit Shrinkage expense account by $300

Credit Inventory account $300

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"You have been hired as a consultant by a new company to develop a strategic prospecting strategy. The company brews and bottles
11Alexandr11 [23.1K]

Answer: One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry.

Explanation:

One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry. The tea product focuses on health with natural ingredients with antiaging and anti-carcinogens, also they are rich in vitamins. The recommended plan of targeting the health is to propose the product as medicinal or a supplement, which the health institution can recommend for her customers. One of the ways the products can be marketed to the clients to the last consumer is by mentioning the merits of taking them alongside other medication.

The strategic plan would mapping out health agencies that are in my town, draft out magazines, fliers about the product, so that anyone who comes across them can read them. After these health agencies have been visited, we track down the progress of how they are receptive to using the products and how their clients are responding to them

7 0
3 years ago
The following data is available for Blaine Corporation at December 31, 2018:
natulia [17]

Answer:

B. 25,000

Explanation:

Given important information here is common stock, par $10 authorized, 30,000 shares and $250,000 Treasury Stock.

To calculate how many shares of common stock have been issued we have to divide the total price of common stock/par value which is as follows:  

Shares issued = 250,000/10  

25,000 shares answer  

Therefore the correct answer is 25,000 shares .

7 0
3 years ago
Four years ago, Bling Diamond, Inc., paid a dividend of $1.73 per share. The firm paid a dividend of $2.36 per share yesterday.
Valentin [98]

Answer:

$2.90 approx

Explanation:

The computation of firm’s cash dividend be in seven years

First we need to find out the

Growth Rate = (Last Dividend ÷ Dividend 4 years ago)^(1 ÷ 4) - 1

= ($2.36 ÷ $1.73)^(1 ÷ 4) - 1

= $1.36^0.35 - 1

=  1.113624092  - 1

= 0.113624092

= 11.36%

Now we calculate for 5 years

Dividend in 5 years = $2.36 × 1.113624092

= $2.628

and Dividend in 7 Years = Dividend in 5 years × (1 + 5%)^2

= $2.628 × 1.05^2

= $2.628 × 1.1025

= $2.90 approx

3 0
4 years ago
Short-term, intermediate-term, and​ long-term goals are similar in that all represent important financial objectives to be accom
lbvjy [14]

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish

6 0
4 years ago
Which competitive strategy best utilizes Country Comfort's core competencies (which include a large and efficient network of obt
pantera1 [17]

Answer:

I don't know the answer to this

8 0
3 years ago
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