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3 years ago

Select the term in the blank space beside the definition that it most closely matches.

Business

1 answer:

Svetach [21]3 years ago

6 0

Answer:

1. Merchandiser

2. Periodic inventory system

3. Perpetual inventory system

4. Cost of goods sold

5. Sales discount

6. Credit period

7. Discount period

8. FOB destination

Explanation:

1. Merchandiser: A type of business that earns income by buying and selling merchandise.

2. Periodic inventory system: Inventory is updated for purchases and sales of inventory only at the end of a period.

3. Perpetual inventory system: Inventory is updated for each purchase and each sale of inventory.

4. Cost of goods sold: The expense of purchasing and preparing the merchandise sold during a period.

5. Sales discount: Seller's description of a cash discount granted to buyers in return for early payment.

6. Credit period: The amount of time allowed by a seller before payment is due from the buyer.

7. Discount period: Time period in which a cash discount is available.

8. FOB destination: Refers to credit terms where goods in transit are owned by the seller.

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4 years ago

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Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the st

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Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the store with touchscreen technology to provide product information. Consumers can use this machine to learn about the company’s products and services. The company’s marketing form is best referred to as ________ marketing.

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B) mobile

C) telephone

D) interactive

E) personalized

Answer:

The correct answer is A) Kiosk

Explanation:

A kiosk refers to a small, temporary, stand-alone booth used in high-traffic areas for marketing purposes.

They may be found in the walkways of shopping malls. They may or may not be manned by individuals who sell a product or service—anything from toys and hair-care products to insurance or credit cards.

Some, in fact, are electronic, providing consumers with a self-service-style experience.

Types of Kiosks

Employment Kiosks
Health Care Kiosks
Photo Kiosks

Food Service Kiosks

In an effort to make more efficient the process of taking food orders, some restaurants install self-service kiosks. Customers can follow interactive prompts to select their meal and customize their order. The kiosks usually accept credit or debit cards, eliminating the need for a human cashier.

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4 years ago

Read 2 more answers

A company purchased a building for $850,000 on January 1, 2010. As of December 31, 2014, $200,000 of accumulated depreciation ha

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Answer:

On the sale of this building, the company should recognize:_______

c. A gain of $600,000

Explanation:

a) Data and Calculations:

The cost for the Purchase of building on January 1, 2010 = $850,000

Accumulated depreciation as of December 31, 2014 = 200,000

Book value of building as of December 31, 2014 = $650,000

Sale proceeds on January 1, 2015 = $1,250,000

Gain from the sale of the building = $600,000

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3 years ago

Prepare the journal entries to record the following transactions for Blossom Company, which has a calendar year end and uses the

Lapatulllka [165]

Answer:

Dr. Cash $124,200

Dr. Accumulated Depreciation $118,800

Dr. Loss on Disposal $16,200

Cr. Equipment $259,200

Explanation:

Depreciation is the recording of asset expense due to its use. It is due to use of fair value of the asset after use. The expense value reduces the asset value over useful life period.

As per given data

Cost of Asset = $259,200

Useful life= 5 years

Salvage Value = $43,200

Asset is purchased on January 1, 2020 and on September 30, 2022 depreciation of only 2 years and 9 months has charged.

Depreciation per year = (Cost of Asset - Salvage Value) / Useful life = ($259,200 - $43,200) / 5 = $43,200

Accumulated Depreciation as on September 30, 2022 = ($43,200 x 2) + $43,200 x 9/12 = $118,800

Book value of the asset is the net of accumulated depreciation of the asset. The accumulated depreciation on September 30, 2022, is as follow:

Net Book value of Asset = 259,200 - $118,800 = $140,400

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3 years ago