When the stock markets crash, the businesses crash because the economy relies on the circulation of money to stay alive, when stock markets crash, money is slowing down and businesses can't afford to keep their business
Answer:
cumulative quantity discounts
Explanation:
Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.
Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
It should disclose all the terms and conditions, otherwise the purchase agreement wouldn't be binding.
Answer:
Explanation:
Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:
= Beginning balance of supplies + Purchase of supplies - ending balance if supplies
= $450+ $3,400 - $900
= $2,950
Now the journal entry would be
Supplies expense A/c Dr $2,950
To Supplies A/c $2,950
(Being supplies consumed recorded)
