Answer:
Upon completion of a Marketing Course, I should possess the following promotional abilities:
- Innovation Skills: A marketing professional is expected to think outside the box, stimulate creativity within the business, and devise unique methods to capture market attention and convert that interest into support.
- Market Development Skills: One should also develop the ability to recognize and express hidden customer needs (even before the customers themselves realize them), as well as identify socioeconomic trends and technological advances that present opportunities for the business and its clientele.
- Pricing Technology: Pricing combines elements of art and science. It encompasses aspects of accounting, economics, and psychology. Marketing primarily addresses the economics and psychological components. With this knowledge, one can understand buyers' mindsets and influence their purchasing decisions.
Cheers!
Answer:
Explanation:
The journal entry serves as a documentation of transactions corresponding to their accounts utilizing the debit and credit framework. A debit signifies an increase while a credit denotes a decrease.
S / NO Particulars Debit Credit
1 Cash 200,000
Share stock 200,000
2 Inventory 483,000
Account payable 483,000
3. Account receivable 675,000
Sales 675,000
Cost of goods sold 405,000
Inventory 405,000
4 Cash 562,000
Account receivable 562,000
5 Account payable 431,000
Cash 431,000
6 Motor Vehicle 39,000
Cash 39,000
7 Rent 25,200
Prepaid rent 2,100
Cash 27,300
8 Operating Expenses 20,000
Cash 18,000
Operating expenses payable 2,000
9 Depreciation 2,000
Motor Vehicle 2,000
10 Dividends payable 8,500
Cash 8,500
