Answer:
Option "C" is the correct answer to the following statement.
Explanation:
Decision-makers are usually highly skilled in Forecasting Inflation, they educate themselves to get knowledge and skill which will help them to Anticipate inflation slow market rates.
Decision-makers probably expect with a particularly high level of certainty with these forecast many industries change their plans according to inflation.
Answer:
sole proprietorship
Explanation:
The sole proprietorship is the type of business owned and run by a single individual. The owner is a sole trader. In a sole proprietorship, the owner sources capital by themselves, keeps all the profits, and suffers the losses alone.
A sole proprietorship is the easiest form of business to set up. The only requires to obtain a registration certificate and a trading license from the local authorities. Esperanza should open a sole proprietorship business. Unlimited liability is the biggest shortcoming for a sole proprietorship, but that does not seem to bother Esperanza.
The marginal benefit from the activity is equal to the marginal cost
Answer:
a. Debit to raw material inventory for $12,750, debit to material price variance $750 and credit to account payable for $13,500.
Explanation:
Date Journal Entry Debit Credit
Raw Material Inventory $12,750
Material Price Variance $750
Accounts Payable $13,500
Answer:
Optoin A Liability, Credit balance
Explanation:
The reason is that the payables which are the obligation of the organization are liabilities and company liabilities are always credit in nature.
This can also be explained from the following formula:
Assets = Equity + Liabilities
As we know that equity is equal to:
Equity = (Op. Equity + Revenue - Expenses - Dividends)
And
Liabilities = (Current Liabilities + Long term liabilities)
By putting values we have:
Assets = (Op. Equity + Revenue - Expenses - Dividends) + (Current Liabilities + Long term liabilities)
Assets + Expenses + Dividends = Op. Equity + Revenue + (Current Liabilities + Long term liabilities)
So the amount that is in the left side of the equation is debit and the amount on the right side of the equation is credit in nature. Remeber that credit and debit are equal in amount which is the reason why this equation holds true.
