Complete Question:
Incurring an expense for advertising on account would be recorded by:
Group of answer choices
A) Debiting a liability account.
B) Crediting an asset account.
C) Debiting an expense account.
D) Debiting an asset account.
Answer:
C) Debiting an expense account.
Explanation:
Incurring an expense for advertising on account would be recorded by debiting an expense account.
This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.
Answer:
slow growth in buyer demand, weakly differentiated products among rival sellers.
Explanation:
There a number of causes that relate to the firms rivalry among its competitors.
1. Barriers to entry.
2. Bargaining power of the buyers.
3. Bargaining power of the suppliers.
4. Threat of substitutes.
5. Slow industry growth.
6. Lack of differentiation and switching costs.
7. Diverse competitors.
8. High strategic stakes.
B. The method of charging their clients
Is is responsible and ethical to make money off your clients even if their investments that you are responsible for are not doing well and are losing money?
Answer:
final lower-of-cost-or-market inventory value is $155
correct option is $155
Explanation:
given data
product cost = $162
replacement cost = $155
realizable value = $160
profit margin = $10
to find out
final lower-of-cost-or-market inventory value
solution
we know that according to the inventory accounting that
inventory value is the lower of cost or the market value or the replacement cost is taking as basis for the inventory fair value so
here we have given value $162 and $155 and $160
so the lower value of all these is $155
so final lower-of-cost-or-market inventory value is $155
correct option is $155