Answer:
c. lower the risk of supply disruption
Explanation:
Having multiple suppliers is always a good sourcing strategy, as it <u>minimizes the risk of supply disruption</u>. If one of the suppliers fails to maintain the contract due to various reasons (bad business operating), the risk is dispersed among a few suppliers, so there is the contingency principle applied.
This way, the supply chain never gets disrupted.
Answer: Option C
Explanation: In simple words, macroeconomics refers to that branch of economics which studies the economy as a whole.
The equilibrium in macroeconomic aspect refers to a situation when the aggregate demand of an economy equals its aggregate supply in the market.
The demand generates from the expenditure and the supply generates from the production.
Hence from the above we can conclude that the correct option is C.
Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them.
Answer:
Assets : Cash, Accounts receivable, Equipment
Liabilities : Salaries and wages payable, Accounts payable, Notes payable
Owners Equity : Owner’s capital
Explanation:
Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.
Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.
Liabilities are financial burden of the business, the amount business owes to others.
Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.
Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.
Answer:
d. debit to an expense account and a credit to an asset account.
Explanation:
When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.
As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.
