Answer:
True
Explanation:
A financial statement analysis report helps to reduce uncertainty in business decisions through a rigorous and sound evaluation.
The answer in the space provided is sales presentation. In
this stage of selling process, it is where a sales representative tries to
determine which the buyers wants and he or she would likely present products
that would make the buyers think or to have a thought of buying the product
that has been offered down to him or her.
Answer:
C. A Debit Rent revenue for $500.
Explanation:
The journal entry for receiving cash in advance is shown below:
Cash Dr $2,500
To Unearned rent revenue $2,500
(Being the advance cash collected)
But for recognize the revenue, i.e earned from rent, the entry is
Rent revenue Dr $500
To unearned rent revenue $500
(Being the unearned rent revenue is recorded)
Hence, the correct option is C.
Answer:
Supplies expense..............Dr $1,200
Supplies $1,200
Explanation:
Supplies purchased is $1,500
Ending inventory of supplies = $300
Inventory used during the period = 1,500 - 300
= $1,200
The journal entry passed to record supplies used:
Particulars Debit Credit
Supplies expense $1,200
Supplies $1,200
(To record supplies used during
the period)
Answer:
B
Explanation:
The capital market serves as an intermediator between households and firms. In a classic economic model, households are owners of capital resources, but firms need these resources to operate. Then, the capital market allows that households rent their capital resources to firms and firms pay them back. It is a beneficial allocation of resources for households and for firms.