Answer:<u><em> Cost of goods sold</em></u> would be a debit entry to eliminate the intra-entity transfer of inventory.
Cost of goods sold is known as the direct costs ascribable to the production of the commodity sold in a organization. This considers the cost of the materials that has been substantially used in making the commodity including the labor costs.
<u><em>Therefore, the correct option is (b)</em></u>
Answer:
B. Being unwilling to sell a painting that you already own
Explanation:
Endowment effect is when individuals value things they own more highly than things they don't own. The endowment effect postulates that individuals are unwilling to exchange things they own for something else of equal value.
The amount people would be willing to accept in exchange for the good they own is usually very high compared to the true value of the object they own.
I hope my answer helps you.
Answer:
It can help you to understand ideal customers and the target audiences
Explanation:
Market segmentation is important due to the following reasons:
1. It can help you to understand ideal customers and the target audiences
2. Market segmentation helps to provide content to the target people in the proper way.
3. Market segmentation allows companies to understand customer's needs, wants, preferences and behaviors.
There are a lot of things that need to be included in a budget, but the two basics are income and liabilities. The reason for a budget is to ensure that you have enough money coming in to pay all your liabilities (aka bills) and have enough to reinvest into your business. You will need to include all your expected income for the budget period and all expenditures such as rent, utilities, payroll, taxes, etc.
Once you have established your budget, it is important for you as a business owner to stick to it.
Answer: (C) An interim report
Explanation:
An interim report is one of the type of report system in an organization that helps in collecting the various types of financial based data by properly analyzing on the basis of the performance.
The main objective of the interim report is to give timely update with the proper entity of the performance in an organization. In this report, the company statement include all the financial based information which contains the whole year report of the company.
According to the given question, Sonia is the manager of a advertising agency and she has prepared an interim report by proper analyzing the work quality and some recommendations for the project.
Therefore, Option (C) is correct answer.
