Which of the following entries or sets of entries would record sales for the month of july of $200,000 for goods costing $119,000 for?

Answers

Answer 1

Answer: Given:
sales for the month: 200,000
cost of the goods: 119,000

These are the entries on the above transaction.

Assume it is a cash sale:
Debit Credit
Cash 200,000
Sales 200,000

If it is receivable: (Accounts or Notes)
Debit Credit
Accounts/Notes Receivable 200,000
Sales 200,000

Recognizing the cost of the goods.

Cost of goods sold 119,000
Inventory 119,000

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Do financial planning and budgeting mean the same thing? 1) True 2) False

Answers

This answer is true because A budget is also known as a spending plan.

Financial planning and budgeting are not the same. Financial planning involves setting goals and creating a plan, while budgeting is a specific part of financial planning that focuses on managing income and expenses.

No, financial planning and budgeting do not mean the same thing.

Financial planning refers to the process of setting goals, analyzing financial resources, and creating a plan to achieve those goals.

It involves considering factors such as income, expenses, investments, and savings to make informed decisions.

On the other hand, budgeting is a specific part of financial planning.

It focuses on creating a detailed plan for managing and allocatingincome and expenses. Budgeting helps individuals or organizations track their spending, manage debt, and save for specific goals.

Learn more about Financial planning and budgeting here:

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Robert, a top-level manager at an advertising agency, spends a significant part of his work day identifying goals for future organizational performance and deciding how to use resources to attain these goals. This involves which management function?

Answers

Answer:

Planning.

Explanation:

Planning is the process used by managers to identify and select appropriate goals and courses of action for an organization. The planning function determines how effective and efficient the organization is and determines the strategy of the organization.

Purpose or Importance of planning:

- Leads to economic utilization of resources

- Reduces the risk of uncertainty

- Facilitates decision making

- Encourages innovation and creativity

- It gives direction to managers and non managers alike.

- Planning can reduce the impact of change.

- It minimize waste and redundancy.

- Planning establishes objectives or standards that facilitate control.

Examine the method that fnb (first national bank )can use to compete with other banks in south Africa

Answers

Hey there

There are many ways First national bank can compete with others. One way is to reduce the interest. The lower the interest the more people will come there. Have more branches that are open for more hours then others so if people need money they can come to you.

A notable method that FNB uses to compete favorably with other banks is its low bank fee and bonus programs.

What is FNB?

FNB, also popularly known as First National Bankis one of the top banks in South Africa that drives its market through innovation and a good reward system to keep its customers.

Incentivising customers has proven to be an effective way to engage customers in business.

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What is one action an employer can take to lower wage levels?a. Hire only union workers.
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Answers

The right answer for the question that is being asked and shown above is that: "c. Replace some workers with machines." one action an employer can take to lower wage levels is that c. Replace some workers with machines.

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c. international trading
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Answers

The right answer for the question that is being asked and shown above is that: "c. international trading" Buying and selling in more than one market to make a riskless profit is called c. international trading

_________ is a portfolio analysis model developed by the Boston Consulting Group that assesses the potential of successful products to generate cash that a firm can then use to invest in new products.

Answers

Answer:

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Explanation:

BCG growth-market share matrix is a portfolio analysis model developed by the Boston Consulting Group that assesses the potential of successful products to generate cash that a firm can then use to invest in new products.

it creates a visual assessment of investment in terms of relative market share and the growth rate of the market.

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