Answer:
C. Citizens have more wants than they can fulfill with their available resources.
Explanation:
Correct for APEX
Answer:
The correct answer is letter "D": All of the above.
Explanation:
Accounting is the activity by which the economic transactions of a company are registered in ledgers that together form a group where information is recorded to be summarized at the end of an accounting period in Financial Statements. That report is useful for top managers since they can make decisions about what the firm should implement or replace to maximize the firm's resource allocation and profits.
Answer:
=(88-79+1.45)/79=Calculating Returns formula is the correct answer.
Explanation:
Answer:
The correct answer is letter "B": Office Supplies, debit; Accounts Payable, credit.
Explanation:
Accounts Payable is the amount of the company's total invoices currently waiting to be paid. These invoices are from vendors of products and services that were recently delivered. They are usually due in 15, 30 or 45 days after the company receives the vendors' invoice. The purchase of equipment, machinery, and office supplies are typically credited to this account.
Thus, <em>the acquisition of office supplies must be debited to the office supplies account and credited to accounts payable</em>.
