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oksano4ka [1.4K]
2 years ago
8

The journal entry for the purchase of inventory on account using the perpetual inventory system is:.

Business
1 answer:
Solnce55 [7]2 years ago
7 0

The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.

<h3>What is a journal entry?</h3>

It should be noted that a journal entry is used to record the financial activities of a company.

In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.

Learn more about inventory on:

brainly.com/question/24868116

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The marketing mix elements are called ________ because they are the responsibility of the marketing department in an organizatio
Aleonysh [2.5K]

Answer:

controllable factors

Explanation:

The marketing mix elements are called

controllable factors because they are the responsibility of the marketing department in an organization.

It should be noted that the marketing mix elements are are reffered to as controllable factors because the controllable factors are those steps or action that are taken in business to bring about development and to market the business products and services.

These controllable factors could be the price of the product/ services how the product is been promoted as well as places and others.

3 0
2 years ago
Bonita and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 11400 units of ending work
ratelena [41]

Answer:

The equivalent units for conversion cost are 28080.

Explanation:

Firstly, we need to find our how much units are being sold

Units Sold= physical units - ending units

Units sold= 31500 - 11400 = 20100

Then we need to add units sold with percentage completion of ending units in order to find out equivalent units for conversion cost

Formula:

Equivalent units for conv. cost= units sold + (%completion of ending units)

Equivalent units for conv. cost= 20100 + ( 70% ×11400)

Equivalent units for conv. cost= 20100 + 7980

Equivalent units for conv. cost= 28080

8 0
2 years ago
Finance prepares students for jobs in banking, investments, insurance, corporations, and government. It is important for all bus
BabaBlast [244]

Answer:

This statement about finance is true.

Explanation:

Finance can be defined as the study of money management and activities related to it. It is concerned with allocation of assets and liabilities. It can categorized into three types, public, personal and corporate.

Studying finance is important for business students, irrespective of their majors as finance is crucial part of any business and plays a very vital role in the working of any organization. Finance lies at the core of the business decision making. It is thus necessary to understand the concept of finance.

Also, to all individuals, knowledge of finance is helpful as it is involved in our daily lives, in paying our bills and managing our taxes or in loans and mortgages.

4 0
3 years ago
Consumers have certain rights that do not carry corresponding responsibilities. true or false.
Over [174]
Thank you for posting you question here at brainly. I think the statement "<span>Consumers have certain rights that do not carry corresponding responsibilities." is false. Below are the right of the consumer:

</span><span> <span><span> <span> Right to Safety</span> </span> <span> <span> Responsibility of Right to Safety</span> </span> <span> <span> Right to Be Informed</span> </span> <span> <span> Responsibility of Right to Be Informed</span> </span> <span> <span> Right to Choose</span> </span> <span> <span> Responsibility of Right to Choose</span> </span> <span> <span> Right to Be Heard</span> </span> <span> <span> Responsibility of Right to Be Heard</span> </span> <span> <span> Right to Redress</span> </span> <span> <span> Responsibility of Right to Redress</span> </span> <span> <span> Right to Consumer Education</span> </span> <span> <span> Responsibility of Right to Consumer Education</span> </span> <span> <span> Right to Healthy Environment</span> </span> <span> <span> Responsibility of Right to Healthy Environment</span> </span></span></span>
3 0
3 years ago
Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities
algol [13]
B I think sorry if wrong :/
8 0
2 years ago
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