Answer:
The correct answer is the option E: consumers are encouraged to buy domestically produced goods.
Explanation:
To begin with, in order to the economy to grow the country must encourage the consumers to buy more domestically produced goods so that the when the demand increases so does that income of the firms and that impacts in the demand that the companies do as well. Therefore that the country, and that is, the firms and the government, should encourage the increase of consumption from the buyers in order to intend to experience an economic growth.
Answer:
The beginning inventory was $2000.
Explanation:
First, we need to calculate the Cost of Goods sold. The cost of Goods sold is the difference between the Sales and the gross profit. Thus, the cost of goods sold is 16000 - 10000 = $6000
The value of the beginning inventory for the period can be calculated by using the Cost of Goods sold formula. The cost of goods sold is calculated as:
Cost of goods sold = Beginning inventory + Purchases - Closing Inventory
Plugging in the available figures in the formula,
6000 = Beginning Inventory + 8000 - 4000
6000 = Beginning inventory + 4000
6000 - 4000 = Beginning Inventory
Beginning Inventory = $2000
Answer:
A. True because a liability is what you owe
Answer:
Gross A/R 1,085,000
Allowance<u> (110,000) </u>
Net A/R 975,000
Explanation:
Before allowance for uncollectible accounts:
This means we are asked for the gross accounts receivable:
beginning A/R + net credit sales - collection - write-off accounts:
650,000 + (2,700,000 - 75,000) - 2,150,000 - 40,000 = 1,085,000
Gross A/R 1,085,000
Allowance<u> (110,000) </u>
Net A/R 975,000
Answer:
The correct option here is B) the degree of liquidity in each element.
Explanation:
Money supply can be described as total amount of money , which is present in an economy at a point of time.
Money supply can be classified as M0,M1,M2 etc , where these different money supply's reflects different type of liquidity that each type of money has in the economy. M0, M1 actually consists of narrow money and contain coins and notes, which are in circulation in the economy and these are easily convertible in to cash and they are most liquid elements and same way M2 would be less liquid than M1, and so on.
