1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the <u>Cash account</u><u> </u>and a credit to the <u>Sales Revenue account</u> for $250.
2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the <u>cost of goods sold</u> and a credit to <u>Inventory</u> for $100.
<h3>What is the perpetual inventory system?</h3>
The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.
Under this system, the cost of goods sold is <u>debited</u> and the inventory account is <u>credited</u>.
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Answer: Liquidation value
Explanation:
The liquidation value is one of the type of physical assets of an organization and the business value, real estate firms, directories and the equipment are refers as the liquidation value that helps in evaluating the overall worth of the firm.
This organizational value is lower as compared to the market value and it has less time for selling the products in the open market.
According to the given question, the liquidation value is refers as the actual amount of the stockholder expected value value in the market. Therefore, Liquidation value is the correct answer.
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Answer:
C. Job specialization
Explanation:
Employees boredom is one of the disadvantages of job specialization
Job specialization: This can be defined as a situation where an employee focuses on a particular skills or job position in order to become an expert.
Job specialization is as a result of division of labor. Division of labor is the sharing of roles or functions among employees in a firm so as to Improve productivity.
When a particular role is assigned to an employee for a long period of time, the employee becomes an expert as a result of that.
Advantages of job specialization
• Workers produce more when they occupy a specific role.
• Job specialization leads to time saving in production because employees have become masters in their role
• More expertise is developed through job specialization
Disadvantages of job specialization
• Continuous performance of a particular role might lead to boredom of the employee
• There is fear of job security for the workers. They often wonder what will happen if a firm finds a replacement for them.