1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
omeli [17]
2 years ago
12

A company sold merchandise with a cost of​ $217 for​ $390 on account. The seller uses the perpetual inventory system. The entry

to record the cost of merchandise sold would include​ ________.
A. a debit to Merchandise Inventory for​ $231 and a credit to Cost of Goods Sold for​ $231
B. a debit to Cash and a credit to Sales Revenue for​ $480
C. a debit to Sales Revenue and a credit to Cash for​ $480
D. a debit to Cost of Goods Sold and a credit to Merchandise Inventory for​ $231
Business
1 answer:
Elden [556K]2 years ago
7 0

Answer:a debit to Cost of Goods Sold and a credit to Merchandise Inventory for​ $217

( The answer Is not in the options given)

Explanation:

The Perpetual inventory is a method of accounting for inventory  which immediately records when an inventory is sold or purchased using the available point-of-sale software systems of the particular business.

In that regard , the entry to record  cost of merchandise sold

Account titles                                              Debit         Credit

Cost of goods (Merchandise sold)             $217

Merchandise Inventory                                                    $217

You might be interested in
What is the key to success?
Alisiya [41]
Honesty and working hard.
4 0
2 years ago
Read 2 more answers
An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the
Gelneren [198K]

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

5 0
3 years ago
Use each of these key terms to best complete the following sentences. Use each term no more than once. Agreeableness
Lilit [14]

Answer:

4

1

3

2

Explanation:

The big 5 personality traits include

Openness - it includes people who are open to new things and enjoy learning new things.

Ted is high on this trait

Extraversion - it includes people who enjoy meeting new people and are very sociable.

Betty is high on this trait  

Conscientiousness - includes people that are organised and pay attention to details. Aiden is low on this trait

Agreeableness - includes people that trust people easily and are kind

Neuroticism - includes people that are usually moody or sad

3 0
2 years ago
Investment methods, such as net present value and internal rate of return, ________
Likurg_2 [28]

Investment methods, such as net present value and internal rate of return,<u> </u>and<u> </u><u>Net present value</u><u> (NPV)</u>.

Net present value is the distinction between the prevailing fee of cash inflows and the prevailing fee of coin outflows over a time period. NPV is utilized in capital budgeting and funding making plans to analyze the profitability of a projected investment or task.

Net present value is the present fee of the coins flows at the specified rate of going back of your challenge in comparison for your preliminary funding,” says Knight. In sensible terms, it is a technique of calculating your go-back on funding, or ROI, for a venture or expenditure.

The net present price or internet gift really worth applies to a chain of coin flows going on at different instances. The existing value of a cash drift depends on the c programming language of time among now and the coins flow. It also depends on the bargain rate. NPV accounts for the time value of cash.

Learn  more about Net present value here brainly.com/question/17185385

#SPJ4

7 0
1 year ago
The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest r
Reil [10]

Answer:

a. The discount rate is the

  • interest rate at which banks can borrow reserves from the Federal Reserve.

The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.

b. If the Fed were to decrease the discount rate, banks will borrow

  • more reserves, causing an increase in lending and the money supply.

Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.

7 0
3 years ago
Read 2 more answers
Other questions:
  • A security firm is offered​ $80,000 in one year for providing cctv coverage of a property. the cost of providing this coverage t
    10·1 answer
  • Replay Sports Stores and SportsPower Products, Inc., enter into a contract for a sale of trampolines. SportsPower Products is a
    12·1 answer
  • The appearance of coca-cola and ford on american idol is an example of which type of integrated marketing communications?
    10·1 answer
  • Unemployment rates have been higher in many european countries in recent decades than in the united states. is the main reason f
    5·1 answer
  • The former CEO of Sam's Club, a division with its own profit-and-loss responsibility, Rosalind Brewer, reported to Walmart's CEO
    14·1 answer
  • Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved
    8·1 answer
  • Which market structure has a single company or seller in a market with many barriers to entry?
    15·1 answer
  • Marbry Corporation's balance sheet and income statement appear below.
    5·1 answer
  • Apr. 8 Sold merchandise for $9,500 (that had cost $7,021) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4%
    7·1 answer
  • Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,540. The F
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!