Answer: Both to select low prices.
Explanation:
One of the vital goal of doing business is profit irrespective of the firm. Every business has to deal with funds and when funds is involved profit has to be made even while serving the client in satisfying conditions. The profit enables the firm to be ran smoothly; it's operations and have a reason to be said that their in business. Every firm ooks out for opportunities to make rofit while giving their best. According to the paragraph profits are high when the price of the commodity is reduced, each firm will reduce it's pricing to ensure they make profit.
Answer: The answer is given below
Explanation:
a. . Private saving
Private saving=Y+TR-C-T
= $11t + $1t - $8t - $3t
= $12 trillion - $11 trillion
= $1 trillion
b. Public saving
Public Saving= T-G-TR
Since G is not given, we can use:
I = public saving + private saving
$2t = public savings + $1t
Public saving= $2 trillion - $1 trillion
Public savings = $1 trillion
c. Goverment purchases
Since public savings = T - G - TR
$1t = $3t - G - $1t
G = $3t - $1t - $1t
G = $3 trillion - $2 trillion
G = $1 trillion
d. The goverment budget deficit or budget surplus.
There is a budget surplus of $1 trillion which has been calculated in the public savings.
The accrual-based income statement superior to a cash-based income statements in measuring profitability because It reports the expenses incurred in generating the revenues regardless of when the cash was paid.
What distinguishes the accrual basis of accounting from the cash basis of accounting?
When money is received or spent, it is recorded as revenue using the cash foundation of accounting. When using the accrual basis of accounting, revenues are recorded as they are earned and expenses as they are incurred.
What is an income statement with an accrual basis?
Accounting on an accrual system records revenue and corresponding costs as they are incurred, rather than when money is exchanged. Accordingly, businesses report revenue when it is earned rather than when it is received.
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A sales return occurs when a customer returns merchandise for a refund. A sales allowance is when they keep the problematic item but you reduce the price for them. If customers purchase with credit and make an early payment, a sales discount is a price reduction.
A sales discount is a price decrease that the seller offers in exchange for the buyer paying the vendor in full and on time. This strategy is frequently applied when a seller needs money right away.
A sales discount is a lower price that a company offers on a good or service. Find out how to add discounts to invoices. A sales discount, usually referred to simply as a "discount," offers clients of a business a lower price on one or more of the goods or services being provided.
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