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s2008m [1.1K]
3 years ago
5

Cumberland Co. sells $1,114 of merchandise to Hancock Co. for cash. Cumberland paid $779 for the merchandise. Under a perpetual

inventory system, which of the following is the correct journal entry(is)?
a. debit Cash, $1.084 credit Merchandise Inventory: $722
b. debit Cash. $1,084. credit Sales. $1.084 and debit Cost of Merchandise Sold. 722credit Merchandise Inventory: 5722
c. debit Accounts Receivable. $1,084, credit Sales. $1,084, and debit Cost of Merchandise Sold, 5722 credit Merchandise Inventory, 5722
d. debit Cash 5722: credit Sales. $722
Business
1 answer:
elixir [45]3 years ago
4 0

Answer:

Debit Cash $1,114

Credit Sales $1,114

Debit Cost of merchandise sold $779

Credit Merchandise inventory $779

Explanation:

Based on the information given the correct journal entry(is):

Debit Cash $1,114

Credit Sales $1,114

Debit Cost of merchandise sold $779

Credit Merchandise inventory $779

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Charitable contributions of a firm that are tied directly to the customer revenues produced through the promotion of one of its
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Answer:

Cause marketing

Explanation:

Cause marketing -

It is the method of marketing , which performed to get profit in the business of the company by advertising , is referred to as cause marketing .

Cause marketing is performed by promoting certain products indirectly by some activists , is referred to as the cause marketing .

Hence , from the given scenario of the question,

The correct term is cause marketing.

4 0
3 years ago
A former advertising campaign for GEICO Insurance used the slogan "So easy, even a caveman could do it" to emphasize the ease of
alex41 [277]

Answer:

positioning strategy.

Explanation:

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1. Analyse

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8 0
3 years ago
Which type of decision maker tends to choose the first available option in haste?
Vera_Pavlovna [14]
The type of decision maker that tends to choose the first available option in haste is an impulsive decision maker. It is because this is where the decision maker tends to act in a way that is based on their instinct and that they don’t consider other options because they act immediately without having to think about the decision that they are making.
4 0
3 years ago
Read 2 more answers
When calculating your return on investment you should ignore:A) paper gains.B) losses you avoided by not buying a stock that has
castortr0y [4]

Answer:

B) losses you avoided by not buying a stock that has since decreased in price

Explanation:

If a stock has not been bought, there has not been a transaction involving that particular stock. Even though, in theory, you may have avoided losses by not buying a stock that has decreased in price, there hasn't been any actual gain or loss on investment related to that stock since there was no investment.

Since all other alternatives present valid parameters when calculating return on investment, the answer is B).

4 0
4 years ago
If marginal cost is greater than average total cost, then
Ber [7]

Answer:

d. the average total cost is increasing.

Explanation:

The average total cost if the average cost of producing one unit, where as the marginal cost if the additional cost of producing an additional unit, so when the marginal cost is greater than the average total cost, it means that producing new units will drive the average total cost up because the cost to produce one more unit is more than the average total cost. This means that the new unit being produced costs more than the previous units produced if we take an average. We can also prove this mathematically.

If a factory produces 100 units, at a total cost of 10,000.

The average total cost if 10,000/100=100

If the marginal cost is greater than the average cost for example it is 150 then the total cost is 10,000+150=10,150

Also the average total cost will be 10,150/101=100.49

This shows that when the marginal cost is greater than average total cost the average total cost is increasing.

5 0
3 years ago
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