Answer:
C. Finished Goods Inventory account is credited.
Explanation:
In a perpetual system of inventory; which can be defined as a method of financial accounting, that involves the updating informations about an inventory on a continuous basis (in real-time) as the sales or purchases are being made by the customers, through the use of enterprise management software applications and a digitized point-of-sale equipment.
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made and Finished Goods Inventory account is also credited. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc.
Hence, when completed units are sold, Finished Goods Inventory account is credited.
Answer:The average daily balance is a common accounting method that calculates interest charges by considering the balance invested or owed at the end of each day of the billing period, rather than the balance invested or owed at the end of the week, month or year.
Answer:
example the strategy of selling completely new products/services.
Explanation:
Based on the information provided within the question it can be said that this is an example the strategy of selling completely new products/services. Companies or Franchises like in this scenario do this to provide each culture with the products or services that they want most from their brand, in order to increase sales and thus profits in a specific location. This is why in China the menu items include congee, a rice porridge that can feature pork, pickles, mushrooms, and preserved egg since these are things that the Chinese culture are accustomed to.
Answer:
There is an opportunity cost to going to the movie and he should leave the movie.
Explanation:
Yes, there is an opportunity cost involved when the person goes for the movie. The opportunity cost will the work that he can do instead of going to the movie. For instance, if the person has the option to study or to watch a movie and he chooses the movie then the opportunity cost is the study. Moreover, he should leave the movie because it is terrible and if he does other work by leaving the movie then he will be benefited because the opportunity cost of doing other work will be lower.
