If the inventory shows an actual count of $550 and the perpetual inventory according to the records shows $521, the adjusting entry for the $29 would:

A) debit Cost of Goods Sold; debit Purchase Returns and Allowances.
B) debit Cost of Goods Sold; credit Inventory.
C) debit Inventory; credit Cost of Goods Sold.
D) debit Inventory; credit Purchase Returns and Allowances.


C) debit Inventory; credit Cost of Goods Sold.

Business

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Lewin's change model consists of

A. three stages: unfreezing, changing, and refreezing. B. three forces: employee characteristics, change agent characteristics, and change agent-employee relationships. C. four steps: recognize problems, gain allies, overcome resistance, and execute. D. three types: adaptive, innovative, and radically innovative. E. three steps: diagnosis, intervention, and evaluation.

Business

If the nominal exchange rate is 5 French francs per U.S. dollar, then the exchange rate can also be written as

A. 5 dollars per franc. B. 0.5 dollars per franc. C. 0.25 dollars per franc. D. 0.2 dollars per franc.

Business

Janie is looking to open a cupcake shop. She wants to make sure her shop is successful, so she hires a consultant to help her determine the best location for her new business. In this example, the information given to Janie by the consultant is considered a product.

Answer the following statement true (T) or false (F)

Business

Outsourcing occurs when:

a. Activities that were previously undertaken by the firm are moved to outside suppliers b. Firms take over sourcing things themselves that they previously bought c. A firm undergoes innovation d. None of the above

Business