The financial accounts can be of various types depending on their usage. Income statements are mostly used in the hospitality industry. Thus, option D is correct.
<h3>What are income statements?</h3>
Income statements are defined by the reports of the finances that record the income along with the expense of the company over a period of time. It is maintained annually or quarterly.
It can also be a profit and loss statement and is used in the hospitality industry to know the financial performance of the company in a record time. It includes expenses, revenues, and profits.
Therefore, option D. income statements are used extensively in the hospitality industry.
Learn more about income statements, here:
brainly.com/question/14971139
#SPJ4
Your question is incomplete, but most probably your full question was, This is used extensively in the hospitality industry as a means of control because it is results driven.
• Feedback
• Performance appraisals
• Budgets
• Income statements
The correct answer for the question that is being presented above is this one: "B) <span>decrease in taxes will be saved by households and not spent, and some portion will be spent on consumer durable goods."
</span>
Here are the following choices:
A) <span>decrease in taxes will be saved by households and not spent, and some portion will be spent on imported goods.
</span>B) <span>decrease in taxes will be saved by households and not spent, and some portion will be spent on consumer durable goods.
</span>C) <span>increase in government purchases will be saved by households and not spent, and some portion will be spent on imported goods.
</span>D) increase in government purchases will be saved by households and not spent, and some portion will be spent on consumer durable goods.
Answer:
b. are secondary markets
Explanation:
Secondary market can be defined as a market where various investors sell and buy securities from other investors.
Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).
On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.
Hence, organized securities markets are secondary markets.
Answer:
Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).
Explanation: