In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is
A) debit Cost of Merchandise Sold; credit Sales
B) debit Cost of Merchandise Sold; credit Merchandise Inventory
C) debit Merchandise Inventory; credit Cost of Merchandise Sold
D) debit Accounts Receivable; credit Sales
B
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Patrico is looking for a method of training his employees for complex situations. He would like a method that allows employees to try out experimental solutions to a problem and receive feedback on how they did. Patrico’s best choice of training method would be ______ training.
A. on-the-job B. classroom C. distance D. simulation
The EOQ model assumes that each purchase order arrives?
a. In a single delivery b. Spread across multiple deliveries c. In a single delivery or spread across multiple deliveries d. In each exactly two deliveries
Which of the following choices correctly denotes factors that can influence a company's pricing practices for goods and services? Market ConditionsCostsCustomer DemandA.NoYesYesB.NoYesNoC.YesYesYesD.YesYesNoE.YesNoYes
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
The failure to act or perform in the manner called for by a contract is a: A) waiver
B) breach. C) forbearance. D) reservation of right.