Total Cash Sales for the Day Amounted to $1890 but the Amount

question 40

Multiple Choice

Total cash sales for the day amounted to $1890 but the amount of total cash in the register at the end of the day was only $1850. Ignoring GST, the journal entry to record the day's cash sales would be:

• A) DR Bank $1890; CR Sales $1890
• B) DR Bank $1850, DR Cash short and over $40; CR Sales $1890
• C) DR Cash short and over $40; CR Sales $40
• D) DR Bank $1890, CR Cash short and over $40; CR Sales $1850

Grasp the essentials of situation assessment in the marketing process.

Understand the application and challenges of the product life cycle concept in marketing strategies.

Acknowledge the role of industry analysis forces in shaping market dynamics.

Learn the importance of defining the market in situation assessments.

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Definitions:

Arson

The willful and malicious burning of a building (and, in some states, personal property) owned by another. Arson statutes have been extended to cover the destruction of any building, regardless of ownership, by fire or explosion.

Convicted

The act of being declared guilty of a crime by the verdict of a jury or the decision of a judge in a court of law.

Felony

A crime—such as arson, murder, assault, or robbery—that carries the most severe sanctions. Sanctions range from one year in a state or federal prison to the death penalty.

Felony

A serious crime, typically involving violence, punishable by imprisonment for more than one year or by death.