Answer:
3. An increase in sales.
Explanation:
This is true due to the effect it would have on the product in question which would lead to return on the investment. For example, a particular product sells 400pcs each month. In subsequent month, it started selling 900pcs each month. This increase in sales will lead to great return in the investment made by the company regarding to that particular product.
<em>The journal entry to record $5.6 million in sales on account includes a </em><em>credit to Sales Revenue of $5.6 million and debit to Accounts Receivable of $5.6 million.</em>
<h3>What does journal entry mean?</h3>
A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the sums to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry. The accounting cycle begins with a journal entry.
<h3>What is an example of a journal entry?</h3>
A purchase of machinery by a nation, where the cash account will be credited and the machinery account debited, is an example of a journal entry.
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The given statement is False.
For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.
Explanation:
Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.
If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.
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