Explanation:
Note, for private spending, <em>consumption</em> refers to purchases usually made for present needs, while <em>investment</em> refers to purchases that may provide. For government spending, <em>consumption </em>refers to purchase made to care for the immediate welfare or needs of those governed without any monetary benefits, while <em>investment </em>purchases are done with the perceived future benefits in mind.
<u>Private Spending</u>
- Laundromats buying washing machines = Investment
- People buying houses = Investment
- People buying newspapers = Consumption
- People buying food = Consumption
<u>Government Spending</u>
- Payment for public safety employees = Investment
- Building hospitals = Investment
- Building roads = Investments
- Buying military equipment = Investment
Receiving payment on account of the promissory note will crediting the Accounts payable account and credit the computer's account in the journal entry.
<h3>What is a journal entry?</h3>
A journal entry is an act of recording or keeping track of any financial or non-financial activity. An accounting journal records transactions and displays a company's debit and credit balances. Each recording in the journal entry might be either a debit or a credit.
Refer to the figure below for a journal entry of $50000 received on account of a promissory note.
Learn more about journal entries:
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Answer:
To execute new strategy
Explanation:
Firms and organisations on a quarterly or yearly basis try to change their business strategies to improve revenues and to compete in the market. Overall, implementing a new strategy is complex and it is important to perform restructuring in order to effectively apply a strategy. A restructuring process helps to easily adopt a strategy without complexities.
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Answer:
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