Specter Consulting purchased $9,100 of supplies and paid cash immediately. Which of the following general journal entries will Specter Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts Multiple Choice Accounts Payable Supplies 9,100 9,100 Cash Supplies 9,100 9,100 Supplies Cash 9,100 9,100 Supplies Accounts Payable 9,100 9,100

Gross Margin Net Income Cost of Goods Sold. Absorption costing is acceptable for external reporting under U.S. GAAP.

What is Gross Margin?

Gross margin is the difference between revenue and cost of goods sold, expressed as a percentage. Gross Margin Percentage is a measure of profitability, calculated as Gross Profit divided by Revenue. Net income is calculated by subtracting a business's expenses from its revenue. The result is a measure of a company's profitability, commonly referred to as the "bottom line" since it is typically found at the bottom of an income statement.

The following two methods of costing are generally recognized by U.S. GAAP for external financial reporting purposes: Variable costing is one, and absorption costing is the other. Under U.S. GAAP, the application of absorption costing results in a considerable difference in the reporting of net income relative to variable costing. Therefore, while absorption costing is allowable for external financial reporting under U.S. GAAP, many businesses choose to use variable costing for internal management purposes.

learn more about Gross Margin here:

https://brainly.com/question/13981992

#SPJ11

The current price of the Jackson-Timberlake Wardrobe Company's stock is $19.14,

In finance, a dividend is a payment made by a corporation to its shareholders, usually in the form of cash, but it can also be paid in stock or other property. Dividends are typically paid out of a company's profits, and the amount of the dividend is usually determined by the company's board of directors.

Dividends are one way that shareholders can benefit from their investment in a company. Shareholders who own stock in a company that pays dividends receive a portion of the company's profits in proportion to their ownership stake.

Not all companies pay dividends, and some may choose to reinvest their profits back into the business instead of distributing them to shareholders. The decision to pay dividends is often influenced by factors such as the company's financial performance, growth prospects, and capital requirements.

Dividends can provide a steady stream of income for investors, but it's important to note that they are not guaranteed. Companies may decide to reduce or suspend dividend payments if their financial performance deteriorates or if they need to conserve cash for other purposes.

Calculations are as follows:
Dividend per share:[tex]$1.32[/tex]
The required rate of return:[tex]14%[/tex]

The expected growth rate of dividends:[tex]7%[/tex]
Price = Dividend/[Required rate of return - Expected growth rate of dividends]
Price =[tex]$1.32/[14% - 7%][/tex]
Price = [tex]$1.32/7%[/tex]
Price = [tex]$19.14[/tex]

Learn more about finance here:-

https://brainly.com/question/989344

#SPJ11

Sole proprietorships are limited in their options for raising money. These options include B) financing using the proprietor's personal resources and C) financing the business through debt.

A sole proprietorship is an unincorporated company that is solely owned and controlled by one person who is legally responsible for all aspects of the company's business. Since there is no legal division between the individual and the company, the proprietor has full control over the business and is responsible for its profits and losses.

Most importantly, the sole proprietorship is an inexpensive and simple business structure, but it has limited options for financing.

The following are some of the options available to a sole proprietorship for raising money:

Thus, the options for raising money in a sole proprietorship include financing using the proprietor's personal resources and financing the business through debt.

Learn more about Sole proprietorships at

https://brainly.com/question/1428003

#SPJ11

if you make an initial $4,000 contribution to your retirement account with an assumed 14% rate of return, your account will be worth $38,930.84 in 25 years. However, if you wait 10 years before contributing, your account will be worth $19,711.12.

As per the given information, the initial contribution made to the retirement account is $4000, and the annual rate of return on the account is 14%. To find the worth of the account after 25 years, the future value formula will be used, which is given as:

FV = PV × (1 + r)n

Where,FV = Future Value,PV = Present Value, i.e., initial contribution,r = Rate of interest,n = Number of years

For the first scenario, where the contribution is made right now:PV = $4000r = 14%n = 25 yearsTherefore, FV = $4000 × (1 + 0.14)25 = $210843.25Thus, the account will be worth $210,843.25 after 25 years if the initial contribution is made now.For the second scenario, where the contribution is made after 10 years:In this case, the time period for the contribution would be reduced to 15 years.PV = $4000r = 14%n = 15 yearsTherefore, FV = $4000 × (1 + 0.14)15 = $32941.21Thus, the account will be worth $32,941.21 after 15 years if the initial contribution is made after 10 years.Note: In both cases, no additional contributions have been made. If additional contributions are made, the account value would be even higher.

for more questions on  retirement account

https://brainly.com/question/8717550

#SPJ11

If a taxpayer has a net long-term capital gain of $7,000, then the correct statement is (B) "$7,000 taxed at a preferential 0, 15, or 20 percent rate and $3,000 deduction against ordinary income. $2,000 of the loss carries over to next year".

This is because the taxpayer can offset their net short-term capital loss of $5,000 against their ordinary income, reducing their taxable income by $3,000, and then pay taxes on their net long-term capital gain of $7,000 at the preferential 0, 15, or 20 percent rate. The remaining $2,000 of the short-term capital loss can be carried over to the next tax year.

Capital gains and losses are taxed differently depending on whether they are long-term or short-term, and how much the taxpayer has gained or lost overall. It's important to properly calculate and report capital gains and losses on tax returns to ensure that the correct amount of taxes are paid or refunded.

Thus, Option B holds true.

Learn more about Capital gains https://brainly.com/question/28513905

#SPJ11

In this scenario, Mark is utilizing competitor-based pricing.

Mark runs a driving range in New York City. He has taken notice of the three competitors who are located very close to his business. Mark decides to look at his competitors' pricing and then determine his best pricing strategy based on all of the information.

Competitor-based pricing is a pricing strategy in which a company's pricing decisions are heavily influenced by the pricing decisions of competitors. In general, companies that use this strategy will set prices at or near the same price as their competitors.

This can be done in order to prevent losing customers to competitors or to attract customers who are looking for lower prices. Mark can keep the prices of his driving range based on the prices of his competitors to attract more customers to his driving range. Its strategy of Mark is competitor-based pricing.

You can read more about competitor-based pricing at https://brainly.com/question/30022157

#SPJ11

A sales return for credit on account would be recorded in the sales journal. (option d)

The sales journal is a special journal used to record sales of merchandise on account. It typically includes columns for the date of the sale, the customer's name and account number, a description of the merchandise sold, the amount of the sale, and the terms of the sale.

If a customer returns merchandise for credit on account, this transaction would be recorded in the sales journal using a credit entry, which would reduce the customer's account balance. The sales journal is designed to simplify the recording of sales transactions and to facilitate the posting of these transactions to the general ledger.

While a sales return for credit on account would impact the customer's account balance, it would not involve cash receipts or cash disbursements, so it would not be recorded in the cash receipts journal or the cash disbursements journal.

Learn more about sales journal here:

https://brainly.com/question/1285692

#SPJ11

Answer: General Journal

Explanation: Only sales on account are recorded in the sales journal. Sales returns for credit on account would not be recoded in the sales journal, it would be recorded in the general journal.

When examining the cost curves for a firm, the minimum average variable cost occurs at the output level where the marginal cost equals average variable cost. The correct option is B.

Marginal cost refers to the cost of producing one additional unit of output beyond the firm's current output level.

Minimum average variable cost: Minimum average variable cost is the minimum cost required to produce one unit of output, taking into account only the variable costs associated with producing it. It is a short-term cost that varies with changes in the firm's level of output.

Marginal cost equals average variable cost. The minimum average variable cost occurs at the output level where the marginal cost equals average variable cost. At this output level, the firm is producing output at the least possible cost.

When the marginal cost is equal to the average variable cost, the total variable cost is at its lowest point. In other words, the point at which the variable cost per unit is minimized is the output level where the marginal cost equals the average variable cost.

Therefore, the correct option is B. marginal cost equals average variable cost.

Learn more about marginal cost here: https://brainly.com/question/3200587

#SPJ11

Kel starts a new blog and wants to create business cards with his name, blog logo, email, and website address. he goes to staples to order the business cards. the manufacturing process most likely to be used is Digital printing.

Digital printing is a  printing method that uses digital files to print directly onto a different type of materials. This process is ideal for low to medium quantities, such as Kel's business cards, as it offers fast turnaround times, affordable prices, and high-quality prints.

Digital printing technology is versatile and can print a range of colors and designs, making it ideal for reproducing Kel's blog logo and other design elements accurately. It is also more cost-effective than traditional offset printing, which requires creating printing plates and is typically only cost-effective for large print runs.

Therefore, Staples would most likely use digital printing to manufacture Kel's business cards.

Learn more about digital printing here:https://brainly.com/question/27821135

#SPJ1

As Kel needs to create business cards with his name, blog logo, email, and website address, this make him decides to order the business cards. In this case, the manufacturing process which will most likely to be used for his business card is digital printing.

Digital printing is a modern manufacturing process that involves the reproduction of digital images or designs onto a variety of substrates, such as paper, plastic, fabric, or even metal. Unlike the traditional printing methods, such as offset printing, digital printing does not require the creation of physical plates or screens.

Instead, digital files containing the image or design are sent directly to the printer, which uses a combination of inkjet, laser, or toner technology to apply the image onto the substrate. This process allows for greater flexibility, speed, and precision in the production of high-quality prints, as well as the ability to create personalized or customized products on-demand.

Read more about digital printing

brainly.com/question/31087536

#SPJ1

In the following question, among the given options, the president to control the implementation of a policy agenda is "The president can refuse to spend money that Congress appropriated."

What is a policy agenda?A policy agenda refers to a list of problems or issues that officials prioritize tackling in government. A policy agenda is developed as a result of the election, for example, the one made by President Joe Biden, who recently won the election in the United States in November 2020. What is a veto? A veto refers to a power or right granted to an officer or public authority to disapprove or reject a particular law, decree, or proposal made by a legislative body, executive branch, or other such institutional powers.

What does it mean to refuse to spend money that Congress appropriated? Refusing to spend money that Congress has appropriated implies that the president or executive branch will not spend the amount of money that Congress has already allocated to them for a specific cause, or they might use that money differently or save it for future use.The president can veto particular items or language in a bill he disagrees with while enacting the remainder of the bill, while the president can veto a congressional bill that has passed the House and the Senate. The president can also impeach selected members of Congress, but the option from the following which the president may do to control the implementation of a policy agenda is the president can refuse to spend money that Congress appropriated.

For more such questions on policy

https://brainly.com/question/6583917

#SPJ11

Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by providing direction and momentum.  The correct answer is option a.

This is because planning and strategic management involves determining a company's direction and setting a course for the future, as well as determining the most efficient way to get there. In doing so, planning and strategic management provide direction and momentum. It ensures that all aspects of the organization are aligned and working together toward the same goals.

Planning and strategic management is crucial for businesses, and it can help to focus on the most critical problems, choices, and opportunities. They help in many ways, including providing direction and momentum, encouraging new ideas, developing a sustainable competitive advantage, setting long-term goals, and creating a strong organizational structure.

Learn more about planning and strategic management here: https://brainly.com/question/17924318

#SPJ11

Zero-coupon bonds are bonds that do not pay any interest to their bondholders. The face value of a zero-coupon bond is paid to the bondholders when it matures. Therefore, zero-coupon bonds are issued at a discount from their face value. Investors who purchase zero-coupon bonds receive their profit by buying the bonds for less than their face value and receiving the full face value when they mature.

In general, zero-coupon bonds are more vulnerable to interest rate shifts than bonds that pay interest regularly. In a falling interest rate scenario, the value of zero-coupon bonds grows more quickly than that of coupon bonds, and their yield decreases. When interest rates increase, the value of zero-coupon bonds decreases much more quickly than that of coupon bonds. A drop in interest rates has a larger effect on the value of zero-coupon bonds because they don't provide interest, which investors are looking for.

Furthermore, a longer-term bond has a greater impact than a shorter-term bond when interest rates fall, particularly a 30-year zero coupon bond. Option A is the correct answer.

Learn more about zero-coupon bonds at https://brainly.com/question/13120202

#SPJ11

1) Note that for any level of output below QE, a buyer values a unit of goods in this market MORE than the unit will cost a seller.

2) The firm's action of hiring a private security force and reducing crime in the factory and the surrounding town is an example of positive externality due to production.

Positive externality occurs when a third party, who is not directly involved in a transaction, receives a benefit as a result of an economic activity.

In this case, the reduction in crime provides a benefit to the buyers and sellers in the market, as well as the residents of the town, even though they may not be directly involved in the production process.

Learn more about Positive externality on:

https://brainly.com/question/28238938

#SPJ1

Full Question:

Although part of your question is missing, you might be referring to this full question:

The following graph (attached) shows equilibrium in a free market, with equilibrium quantity of QEQE

for any level of output below qe , a buyer values a unit of goods in this market _____ the unit will cost a seller.


Suppose now that a firm that produces for this market hires a private security force, reducing crime not only in their factory, but also in the small town in which it is located. this is an example of ________due to ____________.

Marginal product is defined as the additional quantity of output resulting from an extra unit of input. It can be used to determine the effectiveness of adding more workers or inputs to a production process. The marginal product of labor (MPL) is the change in output that results from adding one more unit of labor.

Marginal product is a critical economic concept that is utilized to analyze the relationship between an increase in input and its effect on output. It's often used to determine the level of production that is ideal for a given input. As a result, it is frequently used in agricultural and manufacturing settings, among other sectors.

The marginal product can be calculated using the following formula:

MP = ΔQ/ΔL

Where MP stands for marginal product, ΔQ is the change in output, and ΔL is the change in input.

Furthermore, marginal product can be used in conjunction with other economic concepts like marginal cost, marginal revenue, and average product. Marginal cost is the additional cost of producing one more unit of output, while marginal revenue is the additional revenue generated by selling one more unit of output.

In conclusion, marginal product is defined as the additional quantity of output that results from adding an extra unit of input. It is frequently used to determine the ideal level of production for a given input and is a critical concept in the economic analysis of production processes.

for such more questions on Marginal product

https://brainly.com/question/14867207

#SPJ11

On January 1 debit allowance for doubtful accounts $6,800 and credit accounts receivable $6,800. On June 5 debit cash $900, credit accounts receivable $900 and credit allowance for doubtful accounts $900.

On January 1, Wei Company begins the accounting period with a $30,000 credit balance in Allowance for Doubtful Accounts. On February 1, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Company and $5,900 for Brookes Company. The journal entry to write off those two accounts is as follows:

On June 5, the company unexpectedly received a $900 payment on a customer account, Oakley Company, that had previously been written off in Part A. The entries to reinstate the account and record the cash received are as follows:

Learn more about credit: brainly.com/question/13964348

#SPJ11

Unsecured credit cards for bad credit with high limits are credit cards that do not require a deposit and offer high credit limits to individuals who have a poor credit history.

Unsecured credit cards are riskier for lenders than secured credit cards because they do not have any collateral to fall back on if the borrower defaults. As a result, the interest rates on unsecured credit cards for bad credit with high limits are higher than those on secured credit cards. Additionally, they typically have annual fees and other charges to offset the risks they pose to lenders. Applicants for unsecured credit cards for bad credit with high limits must have a stable source of income and a good debt-to-income ratio to be approved.

For more questions on Unsecured credit

https://brainly.com/question/18456400

#SPJ11

Your wealthy uncle established a $1,000 bank account for you when you were born. For the first 8 years of your life, the interest rate on the account was 8%. Since then, rates have been only 6%. After 21 years, the bank account with the initial balance of $1,000 and the interest rate of 8% for the first 8 years and 6% for the last 13 years, has a total balance of $2,915.20.

Now you are 21 years old and ready to cash in. To find out how much is in your account, you need to calculate the interest earned for each period, then add that amount to the initial $1,000 to calculate the total.

The first 8 years of the account had an 8% interest rate, so for each year, the amount earned would be 8% of $1,000, or $80. Therefore, in 8 years the interest earned would be 8 x $80, or $640. Add this to the initial $1,000, and you get $1,640.

The next 13 years of the account had a 6% interest rate, so for each year, the amount earned would be 6% of $1,640, or $98.40. Therefore, in 13 years the interest earned would be 13 x $98.40, or $1,275.20. Add this to the previous amount of $1,640, and you get a total of $2,915.20.

For more questions on interest rate

https://brainly.com/question/1704210

#SPJ11

As today the account is worth $20,000, the annual rate of return on the account is 5.96%.

To calculate the annual rate of return on the account, we can use the compound interest formula:

A = P(1 + r/n)^(nt)

Where:

A = the ending balance (in this case, $20,000)

P = the principal (in this case, $300)

r = the annual interest rate (what we want to find)

n = the number of times interest is compounded per year (assuming yearly compounding, so n = 1)

t = the number of years (52)

Substituting the values given in the problem, we get:

$20,000 = $300(1 + r/1)^(1*52)

(1 + r)^52 = 66.67

Taking the 52nd root of both sides, we get:

1 + r = 1.0596

r = 0.0596, or 5.96%

Therefore, the annual rate of return on the account is approximately 5.96%.

Learn more about rate of return here:

https://brainly.com/question/1789817

#SPJ11

Event Photo Services is a business that takes photos at private events with cameras it has purchased. They process the photographs in a leased space and hire hourly labor to arrange shoots and produce the final photo packages. They purchase advertising services from a marketing company for a fixed annual cost.

In this situation, what are the company's fixed costs? Fixed costs include those costs that do not change as a result of the quantity of production or the level of activity. Fixed costs, regardless of the number of products produced, are unchanging.

The following are the fixed costs of Event Photo Services:

If the business produces more or less than the planned production level, these costs remain constant.

As a result, they are referred to as "fixed" costs.

To learn more about “fixed costs” refer to the https://brainly.com/question/3636923

#SPJ11

Attitudes toward instant messaging in the workplace vary significantly is a true statement.

A workplace is a physical or virtual location where people gather to perform their job duties. It can take many forms, such as an office, factory, store, restaurant, or even a remote setting. The workplace typically includes equipment, tools, technology, and resources necessary for employees to carry out their tasks. It can also involve interactions with colleagues, supervisors, and customers, as well as adherence to policies and procedures set by the employer. A healthy and safe workplace is crucial for employee well-being and productivity, which is why workplace laws and regulations exist to protect workers' rights and promote a positive work environment. In today's ever-changing business landscape, workplaces are constantly evolving to meet the demands of the modern workforce and stay competitive in their respective industries.

The following statement is true:

The following statement is false:

Instant messaging has been around for several decades and has become a widely used form of communication both in personal and professional settings. While attitudes toward instant messaging in the workplace do vary, it is a well-established form of communication that can be used to improve collaboration and productivity among employees.

To learn more about workplace visit:

brainly.com/question/27757369

#SPJ1

With the government subsidy, the individual is incentivized to build a house in the flood plain.

The difference between the cost of building the house minus the buyer's top dollar is $40,000 ($320,000 - $280,000). The expected value of the flood insurance subsidy is $50,000. Therefore, the buyer would save an additional $10,000 ($50,000 - $40,000) if they build the house in the flood plain.

Here is the HTML formatted answer to the given question: Suppose an individual is looking to build a house in a plain that is prone to flooding. Because of the risk of damage due to flooding, the buyer's top dollar for building the house is only $280,000. Suppose the cost of building a house in this area is $320,000.

A wealth-creating transaction is not possible since the seller's bottom line (or the cost of building the house) is the buyer's top dollar. The difference between the cost of building the house minus the buyer's top dollar is $40,000.Suppose the government subsidizes flood insurance for homes in the floodplain.

You can read more about government subsidy at https://brainly.com/question/26025523

#SPJ11

The initial steps of the performance management cycle involve identifying what the company is trying to accomplish (goals or objectives), creating a set of key performance dimensions, and developing performance measures.

Managers are involved in traditional performance management process, while peers and direct reports (subordinates) are involved in continuous performance management.

With regard to performance measurement, contribution to profits would be categorized under critical success factors (CSFs). CSFs are performance metrics used to evaluate whether a company is achieving its objectives.

These objectives are based on the most important goals and objectives of the organization. By measuring each employee's contribution to profits, Exelont is able to determine if each employee is helping the organization achieve its goals. This type of performance metric can help to improve employee productivity, which can lead to increased profits.Employee productivity, sometimes referred to as workforce productivity, is an assessment of the efficiency of a worker or group of workers.Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure.

for more questions on employee productivity

https://brainly.com/question/14961949

#SPJ11

In the following question, in the missing blank, and among the given options, option C. The maximum fine a corporation found guilty of under the Sherman Act may be fined up to "$100 million" for each offence.

What is the Sherman Antitrust Act? The Sherman Antitrust Act of 1890 is a U.S. antitrust legislation. It was the country's first federal law to regulate monopolies and protect competition. The Act forbids activities that impede competition in the market. It's named after Senator John Sherman of Ohio, who sponsored it. What is the penalty for violating the Sherman Act? The penalty for violating the Sherman Act may result in a fine of up to $100 million for each offence. The fine is imposed on companies and can be imposed on individuals as well. In addition, companies can be ordered to abandon monopolistic activities and practices. The Sherman Act also enables private persons to bring civil lawsuits against companies that have violated the Act, allowing them to recover triple damages. This means that, in certain circumstances, the company may have to pay three times the damages incurred by the plaintiff. In addition to the Sherman Act, two additional antitrust laws make up U.S. antitrust legislation: the Clayton Act and the Federal Trade Commission Act.

For more such questions on Sherman act

https://brainly.com/question/15970420

#SPJ11

The least important consideration when determining the batch size is c) complying with legal mandates. The primary considerations are economic considerations and control over the transaction process. Legal considerations are also important but not as crucial as the other two considerations. Here option c) is the right answer.

A batch size is the number of items or products that a batch of raw materials or finished goods will generate. Batch processing, which is used in many industries, is a process in which a batch of inputs is processed all at once.

Economic considerations are the most important aspect of determining batch size. The number of transactions that can be completed at the lowest possible cost is determined by the batch size. Control over the transaction process is also a significant factor to consider. It is critical to ensure that the transaction process is streamlined and standardized and that there are no deviations that might cause mistakes.

The third important consideration is complying with legal mandates. Legal mandates must be followed to ensure that a business is working within the law. However, the least important consideration when determining the batch size is complying with legal mandates.

Know more about batch size here:

https://brainly.com/question/28168536

#SPJ11

If the demand for dollars is greater than the supply of them and the supply of Indian rupee is greater than the demand for them, then the dollar will appreciate against the rupee.

An exchange rate is a price at which one currency can be exchanged for another currency. A country's currency value is measured against the value of another country's currency.

When a currency's demand is greater than its supply, its value appreciates, while when its supply is greater than its demand, its value depreciates.

The law of supply and demand governs currency rates on a global level.

In such situations, demand is high and supply is low, resulting in an increase in the price of the currency. Supply and demand play a crucial role in determining a currency's exchange rate.

When there is more supply than demand, the price of the currency falls, whereas when there is more demand than supply, the price of the currency rises.

Learn more about exchange rate here:

brainly.com/question/6675565

#SPJ11

A US consumer products company is considering expanding by directly investing in operations and sales in a foreign country.

The company should consider all the external environmental factors below EXCEPT the cannibalization of the firm's US sales.What is the meaning of cannibalization of sales? The concept of cannibalization refers to a product's decrease in sales volume as a result of the introduction of a new product or service by the same manufacturer or distributor.

When the sale of a new product/service from the same producer or distributor reduces the sale of a current product/service, cannibalization occurs. It frequently happens when a company introduces a new product or service that is similar to or substitutes for an existing product or service.

A US consumer products company must consider a variety of external environmental factors before deciding to invest in a foreign country.

You can read more about consumer products at https://brainly.com/question/380037

#SPJ11

Marginal cost is the price at which the average total cost is minimized. This statement is false.

Marginal cost refers to the additional cost incurred by producing one additional unit of output. In other words, it is the cost of producing one more unit. Marginal cost is an important concept in economics because it helps firms determine the optimal level of production to maximize profits.

Firms will continue to produce as long as the marginal cost is less than the market price of the good, as each additional unit produced will generate additional revenue. On the other hand, the minimum efficient scale (MES) is the level of output at which the average total cost (ATC) of production is minimized.

This means that at the MES, the firm is able to produce goods or services at the lowest possible cost per unit. Operating at the MES can give firms a competitive advantage by enabling them to produce at lower costs than their competitors.

To learn more about Marginal cost

https://brainly.com/question/7781429

#SPJ4

"The Purchases Returns and Allowances account is a contra cost of goods sold account, and the normal balance of this account is a credit."

The Purchases Returns and Allowances account is used to record any returns of merchandise or allowances granted to customers. As a contra account, it offsets the Cost of Goods Sold account, which is a standard expense account. The Purchases Returns and Allowances account has a normal credit balance, which means that any increases to this account are recorded as credits, and any decreases are recorded as debits.

This is because a credit balance in this account indicates that the company has received credits from its suppliers for returned or defective merchandise, or for allowances granted for damaged or unsatisfactory goods. Ultimately, the balance in this account will be deducted from the total cost of goods sold to determine the company's net cost of goods sold.

Learn more about purchase returns https://brainly.com/question/29317925

#SPJ11

Several countries in South America practice the policy of economic integration. This allows individuals and businesses in one country to buy and sell in neighboring countries without restrictions.

Several countries in South America permit individuals and businesses in one country to buy and sell in neighboring countries without restrictions.

These countries practice the policy of free trade.

Free trade is an economic concept where goods and services are allowed to move freely between countries without any government intervention such as trade barriers, tariffs, and quotas. Free trade encourages international trade, increases competition, and ultimately leads to economic growth and development.

Free trade agreements are often signed between countries to promote free trade. These agreements help eliminate barriers to trade, including tariffs and quotas, and open up markets between countries, promoting trade growth and economic development.

Learn more about Foreign policy here:

https://brainly.com/question/9909886

#SPJ11

The correct option is A, which May provide a more accurate assessment of an applicant's job-related personality traits than other types of interviews Unstructured interviews.

An unstructured interview is a type of qualitative research method in which the interviewer asks open-ended questions without a pre-determined set of questions or a fixed format. Instead, the interviewer allows the conversation to flow freely and follows up on interesting or relevant points raised by the interviewee.

Unstructured interviews are often used in exploratory research, where the goal is to gain insights into a particular topic or area of interest. This method allows researchers to gather in-depth information about the interviewee's experiences, perspectives, and opinions, and to explore complex issues in a more naturalistic way.

To learn more about Unstructured interviews visit here:

brainly.com/question/15182595

#SPJ4

Complete Question:

May provide a more accurate assessment of an applicant's job-related personality traits than other types of interviews

A). Unstructured interview

B). Situational interview

C). Behavioral-description interview

D). Does not apply