Answer:
The correct answer is A. Shopping and information agents
Explanation:
When a customer needs to acquire goods in the market, he needs the best information regarding those goods. That will allow you to optimize your purchases and act with good judgment.
If it is a minor purchase, the customer can do a market study. But when they are imported products, or when it comes to foreign trade operations, it is when it is more advisable to go to these professionals.
A purchasing agent acquires supplies and goods of all kinds for its customers, which can be individuals or companies. These clients need the goods to be able to develop their economic activity, but they are not aware of the market in a broad sense. That is why they resort to the figure of the purchasing agent, to do that work for him.
To carry out their functions, purchasing agents follow several steps:
- First they evaluate all the possible suppliers, investigating their degree of reliability and seriousness in the commercial relations.
- They contact them, negotiating quantities and prices, to get the best possible product, at the best price.
- Sometimes they request a sample of the product, to present it to the customer. This will determine if it suits your needs or not.
- Manage the entire purchase chain, solving any problems that may arise, until the final delivery of the product takes place
Hi
I believe you forgot coal because that's the answer. I took the test. Good Luck!
Answer: A. Depreciation Expense and credits a contra-asset account.
Explanation:
Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.
Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.
Answer:
B. Offset shifts in aggregate demand and thereby stabilize the economy.
Explanation:
Firstly about Fiscal Policy:
-Monitoring and influence of government to national economy by adjusting its spending levels and tax rates
-Based on the Keynesian economics which opines that the increasing or decreasing taxes or the same about public spending will impact significantly on the economy of the country.
-Fiscal Policy is the regulator of the inflation rate (2%-3% is normal for every economy) and in turn, this increase the rate of employment
Secondly about Monetary Policy:
- In most countries, central banks or central boards take the actions of plan about controlling process of the money in the country or money supplying estimations.
-Monetary policy is the management of money supply or the interest rates
-Monetary policy is the controlling of inflation, consumption, growth and liquidity of money
The mutual goals of these policies aim to establish and construct the perfect economic environment with the stable and positive growth of economy and, stable and low inflation rates. Moreover, the aim is the elimination of booms or fluctuations on the economy and to keep it stable as possible as.
Answer:
Items reported in the balance sheet are:
3. a, c, e, f, and h
Explanation:
a) Data and Selection:
a. Cash
b. Sales
c. Long-term debt
d. Wage expense
e. Wages payable
f. Retained earnings
g. Net income
h. Inventory
i. Cost of goods sold
a. Cash
c. Long-term debt
e. Wages payable
f. Retained earnings
h. Inventory
b) Items reported in the balance sheet are items that are assets, liabilities, or equities. These items are permanent items, which have their balances taken to the next accounting period. Non balance sheet items are reported in the income statement. They are closing or temporary items that do not have balances taken to the next period.
