Acompany that uses the perpetual inventory system purchased 500 pallets of industrial soap for $10,000 and paid $750 for the freight-in. the company sold the whole lot to a supermarket chain for $14,000 on account. the company uses the specific-identification method of inventory costing. which of the following entries correctly records the cost of goods sold? a. cost of goods sold10,750merchandise inventory10,750b. cost of goods sold10,000sales revenue10,000c. cost of goods sold10,000merchandise inventory10,000d. merchandise inventory10,750cost of goods sold10,750

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.