Answer:
2. Accounts Receivable $960 Sales Revenue $960 Cost of Goods Sold $620 Inventory $620
Explanation:
The perpetual inventory system is one in which the balance of inventory in the account is adjusted immediately there is a purchase or a sale of inventory. When inventory is sold, two actions are required under this system.
- Inventory sold is derecognized from the inventory account
This is done by debiting the cost of goods sold account and crediting the inventory account with the cost of the item sold.
This is done by crediting inventory with the amount of sale (received from or agreed with the customer) and debiting cash or accounts receivables.
Answer:
Quota
Explanation:
This is an example of quota. A quota is when a physical limit is set on the number of imports a country can make of a specific type of a product. Protectionists implement this to safe guard the local industry. They allow a certain number of imports for the quota imposed product so that even after imports there is enough market demand that local produce of the similar product can be sold. Quotas may also be imposed to restrict imports in general to correct balance of trade or as a retaliation to other countries who might have imposed quotas on local exports.
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Answer:
The lead time is the delay applicable for inventory control purposes. This delay is typically the sum of the supply delay, that is, the time it takes a supplier to deliver the goods once an order is placed, and the reordering delay, which is the time until an ordering opportunity arises again
Explanation:
We tend to see things in different ways. The ways to understand our opportunities and responsibilities in the mass communication process is that;
- We should view the mass media as our cultural storytellers.
- We must conceptualize mass communication as a cultural forum.
<h3>What is mass communication?
</h3>
Mass communication is simply known as a way of producing, sending, receiving, and analyzing information or messages to a bigger audiences through the use of verbal and written media.
Conclusively, People see mass media as cultural storytellers as they tell us more about our culture through the use of print, digital media, Internet, social media, radio, etc.
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A cost pool is a grouping of individual indirect cost items.
A cost pool is typically used by a service center or department for tracking of production costs and materials. A cost pool allows you to visualize where funds need to be put in order to maintain a running business.