Please Refer to the Following Information for Petra Sales Company

question 13

Multiple Choice

Please refer to the following information for Petra Sales Company: If Petra Sales purchases an additional 5,000 shares of treasury stock at $14 per share, what journal entry is required?

• A)Debit Cash $70,000 and credit Treasury stock $70,000.
• B)Debit Treasury stock $70,000 and credit Cash $70,000.
• C)Debit Treasury stock $70,000 and credit Sales revenue $70,000.
• D)Debit Treasury stock $60,000, debit Paid-in capital $10,000 and credit Cash $70,000.

Understand the impact of forecast error on supply chain overstock and understock.

Recognize the strategic importance of optimal product availability in maximizing profits.

Grasp the concept of postponement as a supply chain strategy to increase efficiency.

Comprehend the relationship between product availability, customer satisfaction, and supply chain responsiveness.

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Definitions:

Amino Acid

Class of organic acids that constitute the building blocks for proteins.

Reabsorbed

The process by which substances are taken back into the body's tissues, often referring to the kidneys' function of reclaiming water and solutes.

Urinary Bladder

is a hollow organ in the pelvis that stores urine from the kidneys before excretion through urination.

Transitional Epithelium

A type of epithelial tissue characterized by layers of cells that can stretch and contract, commonly found lining the bladder and parts of the urinary tract.