Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2015 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2015 . Park paid the amount due on June 13, 2015. Park uses a perpetual inventory system. When will the cost of
merchandise sold be recorded as an expense?
a. The date the merchandise was purchased
b. The date the merchandise is sold
c. The end of the accounting period
d. Cannot be determined without further information
b
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The SCOR model ______.
a. has 42 key indicators b. uses metrics organized in a hierarchical structure c. was developed during World War II d. was originally used by Henry Ford
When Millie reviews the process of producing the actual sportswear, the part of the value chain she is most likely to look at is
Scenario: Goal! Sportswear, a maker of clothing for soccer players, buys textiles made in South Asia, which are then sewn into jerseys, shorts, and other items of sportswear at factories in East Asia. Recently, Darius, the company president, has received a large volume of negative emails from customers concerned with allegations of unfair labor practices at these facilities, and therefore the company is reviewing its entire process. Darius has appointed Millie, Avi, and Asher, three company managers, to assess the company's choices as to textile suppliers and production facilities and to examine what the customers—both amateur and professional soccer players—are looking for in the company's products. A) inbound logistics. B) operations. C) outbound logistics. D) marketing and sales. E) research and development.
The _____ is a financial budget and shows how a firm's operations, investing, and financing activities are expected to affect all of the asset, liability, and owners' equity accounts.
a. static cash budget b. capital expenditure budget c. budgeted income statement d. budgeted balance sheet
The quickest way to enter most new markets is through ____________________
Fill in the blank(s) with correct word