If a Company Sells Goods That Cost $80,000 for $92,000,the

question 49

Multiple Choice

If a company sells goods that cost $80,000 for $92,000,the firm will:

• A)reduce Finished-Goods Inventory by $80,000.
• B)reduce Finished-Goods Inventory by $92,000.
• C)report sales revenue on the balance sheet of $92,000.
• D)reduce Cost of Goods Sold by $80,000.
• E)follow more than one of the above procedures.

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Definitions:

Creative Selling

Persuasive type of promotional presentation.

Marketing Intermediaries

Businesses or individuals that act as a middleman in the distribution channel, moving products from the producer to the consumer.

Special Discounts

Price reductions offered to customers under specific conditions or during certain times.

Corporate Financing

The methods and sources of raising capital for a company’s operations and investments, including debt and equity financing.