Answer and Explanation:
The journal entries are shown below;
On Sept 15
Merchandise inventory $77,500
To Accounts payable $77,500
(Being purchase of inventory is recorded)
On Sep 29
Accounts payable $77,500
To Cash $75,175
To Merchandise inventory (3% of $77,500
) $2,325
(Being payment to suppliers after discount is recorded)
The product that would be considered part of the business-to-business market is the <u>b) Lumber needed to make furniture</u>.
<h3>What is a business-to-business market?</h3>
A business-to-business market describes a process whereby goods or services are exchanged for the production of other goods or services.
In this market, the buying organization is not the final consumer but a producer of goods from the purchased inputs.
<h3>Question Completion with Answer Options:</h3>
a) Classes at a university for a college freshman
b) Lumber needed to make furniture
c) A haircut from a salon
d) Appliances needed for your home
Thus, the product that would be considered part of the business-to-business market is the <u>b) Lumber needed to make furniture</u>.
Learn more about the business-to-business market at brainly.com/question/25492268
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Provide information such as the name address date of birth and social security number verify the account provide identification deposit at least the minimum balance sign an authorization card
Answer:
B. They make choices based on their self-interests.
Explanation:
A market economy can be defined as the economy of a country where by the government has a minimal influence or intervention on how the market operates.
A market economy is regulated by the individuals that owns the businesses in that economy. These individuals have the ability to direct resources that they need from production to their firms and businesses.
A market economy is largely or greatly influenced and regulated by the rate of supply and demand. Consumers in a market economy have to sometimes paid a high price for the goods and services that they require. Consumers make financial decisions in a market economy by making their choices based on self interests.
A market economy is a very competitive economy because
a. the demand of goods and services by consumers have increased therefore this results in an increase in production of goods and services.
b. The producers tend to high innovative when producing this goods and services required by the consumers.
In a market economy, businesses and firms tend to have an increased of a very high rate of efficiency when producing goods and services such that they minimise or lower the cost of production while ensuring that they make high or huge amounts of profits.
Answer:
c. low and banks are unable to loan out all of their excess reserves. d
Explanation:
Lower required reserve ratio means banks have more money to lend. When banks are able to lend all its excess money, then money supply increases for citizens.
