Yogurt sold under the Cosmopolitan brand name was first introduced by the magazine several years ago, but it quickly failed. Using a brand extension is referred to be an innovative approach.
Brand Extension: What is it?
When a business applies one of its well-known brand names to a new product or new product category, this is known as brand extension. Brand stretching is a term that occasionally appears. By utilizing its existing brand equity, brand extensions help businesses introduce new products.
The company relies on the brand loyalty of its current customers, who it hopes will be more open to trying new items from the same company. If it is successful, a brand extension can help a company expand its clientele, boost sales, and improve overall profit margins by helping it connect with new markets.
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Suppose that an income producing property is expected to yield cash flows for the owner of $10,000 in each of the next five years, with cash flows being received at the end of each period. if the opportunity cost of investment is 12% annually and the property can be sold for $100,000 at the end of the fifth year, determine the value of the property today.
The correct answer is $92,790.45.
Thus $92,790.45 will be the Net value of the property (NPV) today.
The easiest way to calculate the present value of an investment is to use an excel spreadsheet and the present value function =NPV(discount rate, series of cash flow).
The first four cash flows should equal 10,000 and the fifth cash flow equals 110,000.
=NPV(12%,10000,10000,10000,10000,1100000) = $92,790.45
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you own a portfolio that has $2,400 invested in stock a and $3,400 invested in stock b. if the expected returns on these stocks are 9 percent and 12 percent, respectively, what is the expected return on the portfolio? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
You own portfolio that invested 41.4% in stock A with expected return of 9%, and 58.6% in stock B with expected return of 12%. Your expected return oh the portfolio is 10.76%
In a portfolio that makes several different investment, the expected return is calculated based on the weighted average of the investment.
Let:
rp = expected return on the portfolio
ri = expected return of i-th investment
Then
rp = ∑ (portion of i-th investment x ri)
Data from the given problem:
Investment on stock A = $2,400
Investment on stock B = $3,400
Total investment = $2,400 + $3,400 = $5,800
Hence,
portion of Investment on stock A = 2400 / 5800 x 100% = 41.4%
portion of Investment on stock B = 3400 / 5800 x 100% = 58.6%
rA = 9%, rB = 12%
Therefore,
rp = 41.4% x 9% + 58.6% x 12% = 10.76%
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if a consumer flipping through tv channels mishears a commercial, this represents a failure in which element of the macromodel of the communication process?
If a consumer flipping through tv channels mishears a commercial, this represents a failure in noise element of the micromodel of the communication process.
The communication process is made up of 4 key components. those components encompass encoding, medium of transmission, deciphering, and feedback. There also are two different factors within the procedure, and those two factors are gift inside the shape of the sender and the receiver.
The communication process refers to a series of movements or steps taken a good way to efficaciously speak. It includes several components including the sender of the verbal exchange, the real message being dispatched, the encoding of the message, the receiver and the decoding of the message.
The communication process is the stairs we take that allows you to efficiently communicate. additives of the communication procedure include a sender, encoding of a message, choosing of a channel of communication, receipt of the message through the receiver and interpreting of the message.
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if a customer had a large cash position and was interested in purchasing stock at prices below where they are today, an option strategy would be to
if a customer had a large cash position, an options strategy would be to write covered puts.
A covered call position consists of buying shares and selling a call on that stock at the same time. When investors buy stock and sell call options on a share-for-share basis, they are creating a covered call position in the financial market. An option strategy would be to write covered puts that are now out of the money if a customer had a sizable cash position.
This is useful when customers wanted to buy the stock at levels below where they are currently trading. In a covered call, investors who own long positions in an asset are automatically obligated to write call options on that asset even when they believe the price of the underlying stock won't rise any time soon in order to boost their income from covered put option premiums.
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lisa, the managing director at green corp inc., is writing a speech about the three main concerns the company is currently facing. which of the following examples uses an effective transition to convey the message? a.) the company has issues we are facing such as the global pandemic, which has caused us great monetary loss. in other words, we are not able to find potential clients. and also, the workers are unable to travel to the workplace due to the lockdown. b.) the company is currently dealing with three major concerns, which are the global pandemic that has caused a considerable loss. in addition to it, the workers cannot travel to their workplace. another one is the lack of potential clients. c.) the company is dealing with three concerns. like the global pandemic that has caused a great loss. also, the workers cannot get to the workplace. besides all of these, we are unable to find potential clients. d.) the company is currently dealing with three major concerns. firstly, the global pandemic, which has caused a considerable amount of loss, both monetary and personal. secondly, the incapacity of the workers to travel to the workplace. lastly, the lack of potential clients.
Lisa, the managing director at green corp inc., is writing a speech about the three main concerns the company is currently facing. The company is currently dealing with three major concerns. firstly, the global pandemic has caused a considerable amount of loss, both monetary and personal. secondly, the incapacity of the workers to travel to the workplace. lastly, the lack of potential clients. Option D
What is an effective transition?Generally, A word or phrase that bridges the gap between two successive sentences or paragraphs is known as a transition.
Your argument or explanation will be strengthened as a result of the use of effective transitions, which may explain the logical flow of your thoughts.
In this section, we will go over two of the most important transitional tools available: demonstrative pronouns and introduction words.
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Which of the following is a disadvantage of renting over buying a home?
O With each new lease, your rent can go up.
O You must also pay thousands of dollars for things such as property taxes.
You will have fewer hassles when you decide to move.
If something breaks, you have to fix it or pay to have it fixed.
OO
The right response is an option (a). One drawback of renting vs buying a property is that your rent may increase with each new lease.
What are the drawbacks of renting?Not being able to take tax deductions. Your rent will likely increase each year. no equity was created. having pets is more expensive and challenging.
What are the drawbacks of renting as opposed to purchasing a home?You cannot build up your equity if you rent a home. Even if it is your home, it won't be a valuable asset. No tax benefits come with rented property. You aren't allowed to change anything about your house or apartment without the landlord's consent.
What is the biggest drawback of renting versus purchasing a home?In the end, the largest disadvantage of renting is that the money you pay goes straight to your landlord's wallet. Even if they must pay a mortgage on the property, they are still building up home equity as they reduce the loan principal and see the value of the asset rise.
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If you were willing to pay $10 for a product, but the firm only charges you $8, the firm will most likely see a reduction in _______.
If you were willing to pay $10 for a product, but the firm only charges you $8, the firm will most likely see a reduction in profit.
Creating an income is one of the maximum important goals of an enterprise. Calculating your profit can not only help you determine your level of fulfillment, it additionally affords statistics about where your commercial enterprise is earning profits and wherein you're spending it.
Earnings that arise from occasions or transactions which might be incidental to a commercial enterprise consist of the sale of fixed assets, winning a court docket case, and appreciation inside the value of an asset. Income: The extra revenues of a period over its associated costs during an accounting year is named profit.
A commercial enterprise's profit is the amount of money closing after the corporation pays its costs and costs. Charges are the expenses involved in developing, growing, and promoting the business's products and services.
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how would you evaluate mathias dopfner's strategic leadership in the face of the digital revolution? what key strategic actions did he take and how were they different from how most other publishers approached the situation? how successful is the company's digital transformation as it stands in 2014?
The company's newly appointed CEO, Matthias Doppler, has made some impressive decisions and adjustments to the organization's current corporate culture, structure, and priorities that will continue to improve the company's stock price performance, earnings, and profitability.
The primary focus and priority of the policy adopted by the company's CEO were to meet market needs and It was to develop and adopt policies and strategies that represented the aspirations.
The organization's new management's most important initiative was based on restructuring and refocusing the business by studying trends and changes in the target market and modernizing the industry. Another aspect of this initiative by the company's management was the realignment of corporate strategy by developing a two-pronged corporate strategy, including internationalization of the organization and diversification in the home market. Country.
The main goal of his two companies and long-term management strategy was to achieve the company's market leadership in their respective industry segments.
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communication with your customers, which is also known as the questionnaire method, is an example of what type of data collection method?
A questionnaire is a list of questions or items used to gather data from respondents about their attitudes, experiences, or opinions. Questionnaires can be used to collect quantitative and/or qualitative information.
What is Questionnaire method of data collection?
A questionnaire is a research instrument that consists of a series of questions and answers printed or typed in a specific order on a form used to collect specific information from respondents.
In general, questionnaires are delivered to the individuals concerned via post or mail, with the request that they answer the questions and return it.
Informants are expected to read and comprehend the questions before responding in the space provided in the questionnaire.
The questionnaire is designed in such a way that the required information is translated into a series of questions that informants can and will answer.
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Differentiating your product so that it will appeal to additional market segments occurs most often at which stage of the product life cycle?.
The market expands, the competition heats up, and sales increase during the expansion stage.
At which stage in the product life cycle do sales experience their most rapid increase?The five stages of the business life cycle—launch, growth, shake-out, maturity, and decline—represent how a business develops over time in phases. A successful new product typically has a sales curve that gradually increases during the market development phase.At some point during this growth, there is a noticeable surge in customer demand, and sales soar.The primary attribute of the mature stage is that sales volumes are still increasing but more slowly.The growth in sales volume will increase more slowly as the mature gets closer to its finish.Additionally, there is more fierce competition for customers and market share.When manufacturing reaches its maximum capacity and sales revenues surpass costs, economies of scale are reached.As rival companies release similar products, the competition is frequently strong during the growth period.The market expands, the competition heats up, and sales increase during the expansion stage.To learn more about business life cycle refer,
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organizational designers in the ic must be aware that the gain achieved from increased specialization of labor may sometimes be nullified by
Option b.) the increased cost of coordination within the ic must be aware that the gain achieved from the increased specialization of labor may sometimes be nullified.
Costs that result from choices regarding how to collaborate. firms have to work together to execute an interdependent activity. We emphasize that “working together” is the key to coordinating costs
Coordination among firms may result from interdependence brought forth by ex-ante alliance negotiations and the subsequent alliance agreement. As noted above, the essence of coordination is within the alignment of actions of firms that encompass different activities.
Here is the complete question -
Organizational designers within the IC must be aware that the gain achieved from the increased specialization of labor may sometimes be nullified by:
the increased cost of geographic expansion
the increased cost of coordination.
the increased cost of development.
increased costs from unionization.
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the pbo was $100 million at the beginning of the year and $108 million at the end of the year. service cost for the year was $15 million. at the end of year, there were no pension-related other comprehensive income amounts. the actuary's discount rate was 5%. what amount of the retiree benefits paid by the trustee?
The amount of retiree benefits paid by the trustee is 12 million
An actuarial measurement of what a company will require today to cover future pension liabilities is called a projected benefit obligation (PBO). This calculation is used to determine the amount that must be contributed to a defined benefit pension plan in order to cover all pension benefits that employees have accrued up to that point, adjusted for anticipated future salary increases.
Using the formula:
Ending PBO = Beginning PBO + Interest on Beginning PBO + Service cost - Benefits paid
108 = 100 + ( 100 x 5 % ) + 15 - Benefits paid
108 = 100 + 5 + 15 - Benefits paid
Benefits paid = 100 + 5 + 15 - 108
Benefits paid = 12 Millions
Hence, Benefits paid = 12 Millions
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lydia is a typical or traditional type of manager who focuses on a workplace incentives like bonus pay for good work and longer hours when his team falls behind on a project. what type of leader is lydia?
This management strategy follows the leading, planning, organizing, and controlling model.
What is the most typical motivation?One of the most popular financial incentives to encourage and support workers in their career advancement is salary increases. For instance, employees frequently receive a pay raise to reflect their higher status when they rise to higher-level responsibilities within their company.
What are incentives at the workplace?Any program or award used in the workplace to promote employee performance and boost productivity is considered an employee incentive. Although rewards might be tangible items of value or material things, there are also many situations in which acts or intangible rewards are presented as rewards.
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when computing net cash flow from operating activities using the indirect meth-od, an addition to net income is most likely to occur when there is a:
When computing net cash flow from operating activities using the indirect method, an addition to net income is most likely to occur when there will be a loss on the retirement of debt.
The net income from a company's income statement is first taken in order to calculate cash flow from operating activities using the indirect method. Revenue is only recorded when it is earned, not when it is received, as a result of the accrual basis used to prepare a company's income statement. The price of a bond that is retired prior to maturity might not be exactly equal to the carrying amount.
A loss on retirement is recorded by the issuer if the price paid to retire a bond is higher than its carrying value. Although debt doesn't dilute ownership, paying interest on debt lowers net income and cash flow. Because of the lower taxable income, this decrease in net income also has a positive tax impact.
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if exports increased by $15 billion at each level of real gdp, all other factors constant, then the equilibrium level of real gdp would be
if exports increased by $15 billion at each level of real GDP, all other factors constant, then the equilibrium level of real GDP would be $650 billion.
Real gross domestic product (GDP) is a measure of an economy's output of all products and services over the course of a year, adjusted for inflation. Base-year prices are used to express real GDP. It is also known as GDP in constant prices, GDP that has been adjusted for inflation, and GDP in constant dollars. Simply expressed, real GDP corrects for price fluctuations and estimates the total economic production of a nation.
Real GDP is a macroeconomic metric that accounts for inflation and quantifies the worth of the products and services generated by an economy over a given time period. In essence, it calculates a nation's overall economic production after accounting for price changes.
A consumer's exposure to your site's design, user behavior, content, and adverts results in an ad experience.
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which of the following is not included in conversion costs? a.direct materials b.direct labor c.indirect labor d.factory overhead
Direct materials is not included in conversion costs.
Conversion costs: Total direct labour and factory overhead expenses make up conversion costs. They are bundled together since labour and overhead together are what turn raw materials into finished goods. This sums up the price of turning raw materials into finished goods as well as direct labour and manufacturing overhead.
Conversion costs are calculated as Direct Labor Costs plus Manufacturing Overheads.
The mix of direct labour expenses and manufacturing overhead costs is described by this word in cost accounting. In other words, they are costs associated with manufacturing a product or production that are not directly related to material costs.
Conversion cost is the sum of all costs incurred during the creation, promotion, and sale of a product from beginning to conclusion.
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what is the total stockholders' equity based on the following account balances? common stock$100,000 paid-in capital in excess of par500,000 retained earnings190,000 treasury stock40,000
the total Stockholders' equity based on the following account balances is $750,000.
Stockholder’s equity = Common stock + Pain-In capital in excess of par + Retained earnings – Treasury stock
= $100,000 + $500,000 + $190,000 - $40,000
= $750,000
A Stockholders(inside the usa regularly daily sdailyckholder) of a business enterprise is an man or woman or felony entity (inclusive of some other business enterprise, a body politic, a consider or partnership) that is registered by means of the enterprise because the criminal proprietor of shares of the percentage capital of a public or non-public agency.
A Stockholders of a employer is an person or prison entity that is registered by using the employer as the prison owner of shares of the proportion capital of a public or non-public business enterprise. Stockholders can be daily individuals of a organisation.
Stockholders are the owners of the organisation. they've possession rights within the shares of company stock. The role of the shareholder within the corporation is limited, but, as they have neither the proper nor the obligation every day control the business of the employer.
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Pia would like to work in the telecommunications industry. which set of qualifications would best assist pia in getting a job?
problem-solving, critical thinking, and ability to accept criticism set of qualifications would best assist pia in getting a job.
Why is Critical Thinking Important?Many employment opportunities require the ability to think critically. Lawyers, surgeons, reporters, engineers, accountants, and analysts (among many others) are just a few professions that need the application of critical thinking in their work.In fact, critical thinking is one of the most sought-after abilities in the workforce, according to the World Economic Forum, as it aids in information analysis, imaginative problem-solving, and systematic planning.Critical thinkers typically have a diverse range of interests and are perpetually inquiring about all aspects of life. Never accepting anything at face value, critical thinking involves asking why, what, who, where, when, and any other questions that can help one make sense of a situation or notion.Problem-solving is often a natural nature for people with critical thinking abilities. Like Albert Einstein, one of the best critical thinking examples, who remarked, "It's not that I'm so smart; it's just that I remain with things longer," critical thinkers are persistent and committed to finding a solution.Because of their improved problem-solving abilities, critical thinkers are better in their occupations and at resolving the world's most pressing issues. They have the capacity to genuinely alter the world, much like Einstein did.To learn more about critical thinking, refer to
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hassinah, incorporated, is proposing a rights offering. presently there are 200,000 shares outstanding at $55 each. there will be 10,000 new shares offered at $50 each. a. what is the new market value of the company? (do not round intermediate calculations.) b. how many rights are associated with one of the new shares? (do not round intermediate calculations.) c. what is the ex-rights price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. what is the value of a right? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a)The new market value will be =200,000 shares x $55 per share + 10,000 new shares x $50 per share $
=11,000,000+500,000
=$ 11,500,000
b) The number of rights associated with each old share is equal to the number of shares outstanding divided by the number of new shares
=200,000/10000= 20 rights per new share
c) The new price of the stock will be the new market value of the company divided by the total number of shares outstanding after the rights offer, which will be: =(200,000*55+10,000*50)/(200,000+10,000) =$ 54.76 per share
d) the value of a right =Price of the share before right issue -price of the share after right issue
=$ 55-$54.76 =$ 0.24 per share
Shares represent fairness possession in a organisation or financial asset, owned through traders who trade capital in go back for those devices. common stocks enable vote casting rights and feasible returns through fee appreciation and dividends.
In financial markets, a share is a unit used as mutual finances, confined partnerships, and real property funding trusts. proportion capital refers to all of the stocks of an agency. The owner of shares within the organisation is a shareholder of the business enterprise.
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Kayla is a busy entrepreneur who is running a rapidly growing startup. Kayla intends to use social media for recruiting several new employees. What key managerial takeaway would you give to kayla?.
When hiring a web designer, Kayla should check Dribbble.
Web designers plan, create, and code internet websites and internet pages, many of which integrate textual content with sounds, snapshots, portraits, and video clips. A web clothier is chargeable for developing the design and format of a website or web pages. It and can mean working on a cutting-edge website or updating an already current web page.
On average, an internet fashion designer within the U.S. Makes around $50,000 – $55,000 in step with yr. The common hourly fee for an internet clothier is around $23-25 in line with the hour. However, this can depend on various factors, inclusive of revel in the level of understanding, niche, and call for.
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what is the recommended amount of time for keeping all copies of bills and order forms for supplies in the event the medical practice is audited by the internal revenue service?
7 years is the recommended amount of time for keeping all copies of bills and order forms for supplies in the event the medical practice is audited by the internal revenue service.
Tax collection and law enforcement are the responsibilities of the Internal Revenue Service (IRS), a branch of the American government (such as the wash sale rule). Abraham Lincoln, the country's sixteenth president, established the agency in 1862. It is governed by the U.S. Department of the Treasury and is primarily responsible for collecting employment and individual income taxes. Estate, gift, corporate, and excise taxes are all managed by the IRS.
Commissioner Charles P. Rettig, who was appointed by then-President Donald Trump to the position in 2018, is the IRS's chief executive officer as of November 2021. With a budget of more than $11 billion, he is in charge of a staff of around 80,000 people.
Rettig, who attended New York University, is the first commissioner since the 1990s to come to the job from a career in tax law rather than business management.
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Jeff bezos awarded which singer the courage and civility award along with $100 million to be distributed to charities as she sees fit?.
Jeff Bezos presents Dolly Parton with a $100 million Awards, saying, "I will try to do good things with this money." Dolly Parton, a star of country music, is no stranger to philanthropic generosity.
On Sunday night, Amazon Studios won its first-ever Academy Awards, taking home three statues in a momentous accomplishment for the streaming sector. The ceremony itself was historic in another way because the best picture award, which was given out at the end of the evening, involved some controversy and drama. Parton received the "Courage and Civility" award from Jeff Bezos, the founder of Amazon, in honour of her long history of charitable work.
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What is an external communication that is paid for by the seller and promotes a product to potential customers?.
Advertising is an external communication that is paid for by the seller and promotes a product to potential customers.
Advertising is a marketing tactic involving procuring an area to promote a product, carrier, or motive.
Real promotional messages are referred to as advertisements or advertisements for brief.
The aim of advertising is to reach human beings maximum probably to be inclined to pay for a company's products or services and trap them to buy.
Examples of above-the-line advertising and marketing are television, radio, & newspaper advertisements.
Beneath-the-line advertising consists of conversion-centered activities that are directed toward a specific target group.
Examples of below-the-line advertising are billboards, sponsorships, in-save advertising, and so forth.
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your a brand manager for a high end furniture store. you have beautiful high quality photographs of your product taken by a famous photographer. this photographer uses a consistent high detail, high contrast look with your white furniture and one accessory in a brilliant, fully saturated color. the best social channel for these photographs is:
The best social channel for these photographs is Inst agram.
Social media channels mean blogs, microblogging, wikis, social networks, social bookmarking services, user review services, and any online collaboration, sharing or publishing platform any other, whether accessed via the web, mobile device, text messaging, email or other existing platforms. or emerging media platforms.
Social media refers to means of interaction between people in which they create, share, and/or exchange information and ideas in virtual communities and networks.
The Office of Communications and Marketing manages the main , , , , and accounts. Social media are interactive communication technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks.
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quality of design multiple choice is one of the four decision areas of engineering. is determined before production by a cross-functional product design team. means a product has high reliability, maintainability, and availability. is the prime responsibility of the operations function.
Quality of design is well determined before production by a cross-functional product design team.
The correct option is B.
The fit between a product's (or service's) design and the demands of the client is the definition of quality of design; the fit between a product's (or service's) characteristics and its specification is the definition of quality of conformance. High quality in both dimensions is necessary to satisfy clients. Multidisciplinary is a synonym for cross-functional. The entire tiny team that is required to design, develop, and deliver software is thus comprised of these individuals.
To give value to their consumers, everyone—including product, UX, development, QA, and marketing—works together. A design's worth to clients is determined by its quality. All quality, including the quality of goods, services, interactions, systems, and procedures, derives from good design.
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jackson company generated 125000 in net income during the current year and 100000 during the prior year what is the percentage change in net income
25% is the percentage change in net income .
Why do you use the term "net income"?
Net income is the amount earned by a person or a company after costs, allowances, and taxes have been subtracted. In the world of business, net income is the amount that remains after all costs, such as payroll, the price of goods or raw materials, and taxes, have been paid.What is gross or net income?
Before taxes, benefits, and other payroll deductions are deducted, an employee's gross pay is what they are paid. Net pay, also known as take-home pay, is the sum that is left over after all deductions have been taken into consideration.% change in net income= 25%
25,000/100,000
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the segmentation method that develops or finds products for small, but profitable market segments is:
Niche marketing is a segmentation strategy that seeks or creates items for niche markets that are tiny yet lucrative.
How does niche marketing work?A marketing strategy used to target a particular, distinctive market sector is called niche marketing. When a corporation recognizes what the consumer needs and then tries to provide a better solution to a problem that was not previously offered by other companies, it can discover what the customer wants, which is often how niche markets are developed.
A niche market involves a particular target demographic and a specialized offering, not necessarily a tiny market. By doing this, the business gains market dominance and makes it possible for other businesses to enter that specific market.
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the type of countertrade agreement in which offsets occur where products or services transferred in an offset arrangement are unrelated to the specific products referred to in the export agreement is known as
The type of countertrade agreement in which offsets occur where products or services transferred in an offset arrangement are unrelated to the specific products referred to in the export agreement is known as Indirect offsets.
In economics, a carrier is an intangible commodity. greater specifically, offerings are an intangible equivalent of financial items. provider provision is regularly a financial pastime in which the consumer does now not generally, except via distinct settlement, achieve distinct possession of the element purchased.
These products can be both within the shape of products or services. goods are tangible, as these have a bodily presence that can be touched, while offerings are intangible in nature. The motive of each item and service is to offer application and satisfaction to the patron.
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A bank has $800 million in demand deposits and $100 million in reserves. If the reserve requirement is 10 percent, the bank’s excess reserves equal.
The excess bank reserves are $20 million.
What are bank reserves?The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves. The bank must store this actual paper money in a vault on the property or in an account with the national bank.A reserve requirement is the number of assets that must be held on hand to cover any withdrawals. The three primary categories of bank reserves are legal, excess, and necessary.So, the bank's excess reserves are:
Bank's demand deposits are $800 million.The reserve requirement is 10%.Then,
800/100 × 10$80 millionExcess reserves:
$100 - $80 = $20 millionTherefore, the excess bank reserves are $20 million.
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a company uses a perpetual inventory system. the company began its fiscal year with inventory of $275,000. purchases of inventory on account during the year totaled $885,000. inventory costing $910,000 was sold on account for $1,500,000. prepare the journal entries to record these transactions.
The journal entries to record these transactions is
Transaction General Journal Debit Credit
1 Inventory $885,000
Accounts Payable $885,000
2 Accounts Receivable $1,500,000
Sales revenue $1,500,000
3 Cost of goods sold $910,000
Inventory $910,000
A journal entry is an act of recording any transaction, whether or not it is an economic one. An accounting journal that displays a company's debit and credit balances is where transactions are documented. Numerous recordings, each of which is either a debit or a credit, may be included in the journal entry.
Each transaction must be entered into at least two accounts in order to use the double-entry method of accounting. Accounting journal entries are transferred from the journals and entered into the general ledger in order to record financial transactions in the accounting system.
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