The General Ledger Shows a Balance of $66,400 in the Merchandise

question 62

Multiple Choice

The general ledger shows a balance of $66,400 in the Merchandise Inventory account at the end of the period.The physical inventory count shows inventory of $63,000.The adjusting entry includes a ________.

• A)debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,400
• B)debit to Cost of Goods Sold and a credit to Cash for $3,400
• C)debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,400
• D)debit to Merchandise Inventory and a credit to Cash for $3,400

Understand the importance of client strengths and empowerment in the problem-solving process.

Appreciate the role of spirituality and cultural identity in the context of social work practice.

Understand the legal and ethical frameworks that support the practice of social work, including legislation relevant to faith-based service provision.

Understand and describe the concepts of acculturation, assimilation, and individualization.

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Definitions:

Successful

The achievement of set goals or objectives, often measured by metrics such as profit, market share, or personal accomplishment.

Labour

The body of workers, especially those engaged in manual work or skilled trades, within an economy or organization.

Operating Costs

These are the expenses related to the day-to-day functioning of a business or organization, including costs for materials, labor, and overhead.

International HR Planning

The process of addressing and managing human resources on a global scale, considering cultural, legal, and economic differences.