A Company That Uses the Perpetual Inventory System Sold Goods $$\begin{array} { | c | r | r | } \hline \text { Cost of Goods Sold } & 2,300 & \\\hline \text { Sales Revenue } & & 2,300 \\\hline\end{array}$$

question 94

Multiple Choice

A company that uses the perpetual inventory system sold goods to a customer on account for $2,300.The cost of the goods sold was $1,150.Which of the following journal entries correctly records this transaction?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Cost of Goods Sold } & 2,300 & \\
• \hline \text { Sales Revenue } & & 2,300 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Merchandise Inventory } & 2,300 & \\
• \hline \text { Cost of Goods Sold } & & 2,300 \\
• \hline
• \end{array}\]
• C) \(\begin{array}{|l|l|l|}
• \hline\text { Accounts Receivable } & 2,300 & \\
• \hline \text { Cash } & & 2,300 \\
• \hline \text { Cost of Goods Sold } & 1,150 & \\
• \hline \text { Merchandise Inventory } & & 1,150 \\
• \hline
• \end{array}\)
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts Receivable } & 2,300 & \\
• \hline \text { Sales Revenue } & & 2,300 \\
• \hline \text { Cost of Goods Sold } & 1,150 & \\
• \hline \text { Merchandise Inventory } & & 1,150 \\
• \hline
• \end{array}\]

Calculate the Net Present Value (NPV) of a project and understand its importance in project evaluation.

Grasp the fundamentals of capital structure, including the effects of debt-to-equity ratios on financing.

Apply the cost of capital concepts, including the weighted average cost of capital (WACC), in project evaluation.

Understand and calculate the cost of equity and debt financing.

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Definitions:

Numerical Understanding

The ability to comprehend, interpret, and work with numbers.

Intuitive Thought

Thinking that reflects preschoolers’ use of primitive reasoning and their avid acquisition of knowledge about the world.

Functionality

The degree to which something is able to operate or serve a purpose effectively in a given context.

Identity

The way by which an individual perceives themselves, encompassing aspects like personal identity, social roles, and cultural identity.