In a Perpetual Inventory System,two Entries Usually Are Made to Record

question 8

Multiple Choice

In a perpetual inventory system,two entries usually are made to record each sales transaction.The purposes of these entries are best described as follows:

• A)One entry recognizes the sales revenue,and the other recognizes the cost of goods sold.
• B)One entry records the purchase of the merchandise,and the other records the sale.
• C)One entry records the cost of goods sold,and the other reduces the balance in the Inventory account.
• D)One entry updates the general ledger,and the other updates the subsidiary ledgers.

Grasp the significance of similarity and proximity in interpersonal attraction and relationship formation.

Recognize the impact of social influences like informational and normative social influence on group behavior.

Identify the principles and consequences of groupthink in decision-making contexts.

Explore the adaptive significance of social behaviors from an evolutionary perspective.

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Definitions:

WACC

Weighted Average Cost of Capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.

NPV

Net Present Value is a financial metric that calculates the present value of an investment's expected cash flows minus the initial investment.

IRR

Internal Rate of Return; the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

WACC

Short for Weighted Average Cost of Capital, it measures a firm's cost of capital, considering the weighted costs of equity and debt financing.