The entry to record this transaction would include:
Dr. Inventory $20,000
Cr. Accounts payable $20,000
What does it mean to purchase inventory on account?
Purchasing the inventory on account for $20,000 means that Ferguson corp. did not make payment for the inventory immediately, it rather purchased the inventory on credit with a promise to pay later.
As a result, the liability of Ferguson corp. has increased, specifically, the company would credit accounts payable with $20,000 such that inventory, which is the receiving account is debited with the same amount
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Answer:
Sustainable
Explanation:
Sustainable development is involves utilization of resources to achieve our goals both in present and the future goals, Sustainable development can be categorized as
✓environmental
✓human
✓ social
✓economic
It should be noted that Development that considers both current and future needs is referred to as sustainable development
Answer:
The cost per month is increasing at a rate $365.
Explanation:
Differentiation Formula
Given that,
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by
.
Again given that,
the rate of changing production is 13 unit per month
i.e 
To find the cost per month, we need to find out the value
when production is changing at the rate 13 units per month and the production is 70 units.

Differentiating with respect to t




Plugging 


[ plugging x=70]
=364
[ The unit of c is not given. Assume that the unit of c is dollar.]
The cost per month is increasing at a rate $365.
Answer:
December 31, 2021
Debit : Dividends $28,500
Credit : Shareholders for Dividends $28,500
Explanation:
The Dividends declared present a present obligation by the entity to its shareholders.