Answer:
B) Cost of goods sold 1,370
Merchandise inventory 1,370
Explanation:
As the physical count revealed that $1,370 of inventory was missing, it is called inventory shrinkage. Inventory shrinkage can occur when there is a damaged or expired product in the inventory. When the company experience shrinkage, the following journal entries will be required.
Cost of goods sold 1,370
Merchandise inventory 1,370
In that case, inventory decreases and expense (cost of goods sold) increases.
Answer:
a. marginal revenue is lower than it was previously.
Explanation:
- According to the Law of Supply states, when the price of a product or service increases, all other factors are equal, the quantity of products or services offered by the suppliers increases, and vice versa.
- In other words, if a good price goes up, suppliers will try to increase their profits by offering more goods.
- so correct option is a. marginal revenue is lower than it was previously.
Answer:
An Accrued Receivable transaction
Explanation:
Before the receipt of cash recording a revenue is the example of accrued receivable because product is sold or services are already been performed on which basis transaction is occurred and recorded. So, the receivable is recorded against the revenue entry.
The journal Entry for this transaction will be as follow
DR. Account receivable xxx
CR. Revenue xxx
Answer:
D) The general guidelines for the new Clearly Clean contact solution advertising comes from Marco's team, but Tanvi is allowed to design campaigns that will appeal to the local market.
Explanation:
A transnational model represents a compromise between local autonomy and centralized decision making. The organization seeks a balance between the pressures to integrate globally and response from a local audience.
Generally, in a transnational organization, there are central guidelines for the company which can be adjusted by national representatives to suit local regulations and demand.
Answer:
correct option is C. 95.36 percent
Explanation:
given data
capital intensity ratio = 0.87
total assets = $48,900
current sales = $53,600
solution
first we get here Sales at full capacity by Capital Intensity Ratio that is
Capital Intensity Ratio = Total Assets ÷ Sales ..................1
put here value and we get
Sales =
Sales = $56,206.90
and
now we get Level of capacity is the firm currently operating that is express as
Level of capacity = Current sales ÷ Sales at full capacity .................2
put here value and we get
Level of capacity =
Level of capacity = 95.36%
so correct option is C. 95.36 percent