Answer:
Debit Inventory $40,600
Credit Cash account $40,600
Being entries to recognize the cost of inventory
Explanation:
The initial recognition of inventory is to be done including all the cost incurred in bring inventory to the place of use or storage. These includes freight and the cost of the item. When inventory is purchased on account, entries required are Debit Inventory, credit account payable. Where cash is paid, the debit is same but the credit entry is posted to the cash account.
Hence total cost incurred (which is the cost of inventory)
= $40,000 + $600
= $40,600
Answer:
'Government Expenditure' not 'Government' is a component of GD[
Explanation:
GDP is the total value of goods & services produced in an economy during an year.
As per Expenditure method :
- It is calculated as 'expenditure' done by all sectors of economy as "<em>one person expenditure is other person income</em>".
- 4 sectors are : households , firms, government ,rest of the world.
- Their respective demand expenditures are : Private Final Consumption Expenditure , Government Final Consumption Expenditure, Investment (Gross domestic Capital Formation) , Net Exports.
Answer: A. Brand alignment
Explanation:
Brand alignment simply means when a company ensures that the brand's promise is being uphold through its marketing assets and the way the company interacts with the customers.
Brand alignment is a way of making sure that the brand's promise are delivered and met. Since the slogan of Nature's Source Products is "Loving the Planet." and the company employs people who are committed to sustainability and enjoyment of nature, it implies that the company is using brand alignment.
