The accounting system of Carlton and Sons consists of a general journal (GJ),a cash receipts journal (CR),a cash disbursements journal (CD),a sales journal (SJ),and a purchases journal (PJ).For each of the following,indicate which journal should be used to record the transaction.
Definitions:
Profitability
The financial metric used to gauge the degree to which a company or organization generates profit relative to its revenue and overall costs.
Breakeven Analysis
A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, resulting in no net loss or gain.
What-If Calculations
Analytical scenarios used to predict outcomes by changing variables or conditions to understand potential impacts on results.
Projected Cost
An estimate of the total expenses expected to be incurred for a particular project or activity in the future.
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