A beginning inventory of $75,000 is removed from the merchandise inventory account by

a. debiting $75,000 to Merchandise Inventory.
b. crediting $75,000 to Merchandise Inventory.
c. debiting $75,000 to Purchases.
d. crediting $75,000 to Income Summary.


b

Business

You might also like to view...

The process of strengthening a behavior by withdrawing something negative is called   

A. positive reinforcement. B. negative reinforcement. C. extinction. D. intrinsic motivation. E. punishment.

Business

The primary advantage of mixed mode surveys is that:

A) they have higher non-response rates B) they automatically produce vouchers of data to clients C) there is no effect on response caused by the various modes D) researchers can take the advantages of different modes to achieve their data collection goals E) all of the above are true

Business

Gerald is planning on setting up a burger joint in his hometown. He finds out the NAICS (North American Industry Classification System) code for his business. From this information, he is able to understand that his immediate area contains virtually no competitors and has the potential to do very well. In the context of the critical steps involved in conducting an external analysis, Gerald is ________.

A. examining and developing insights about substitutes B. drawing a set of competitive maps C. defining the industry in which he is competing D. starting to develop an understanding of his competitive advantage

Business

Public opinion can seriously affect the success of enormous, well-established organizations when the public decides they or their executives have violated the public's trust

Indicate whether the statement is true or false

Business