Answer:
Your entertainment price index (EPI), might fall or rise, contingent on both the quantity of the goods that you bought and the prices of these goods.
Explanation:
Price index is used extensively to estimate changes in prices overtime and are also used to measure differences in costs among different areas of countries.
Answer:
D) Credit to Merchandise Inventory for $4,000
Explanation:
Date Account and Explanation Debit ($) Credit ($)
Account Receivable 5,800
Sale 5,800
(Recorded the sale on credit)
Cost of goods sold 4,000
Merchandise Inventory 4,000
(Recorded the cost of goods sold)
Answer: C. a bank loan due in 18 months.
Explanation:
Current liabilities include all the debt obligations that a company has in the current period.
This means that only debt obligations that mature within a year are to be considered current liabilities.
Bank loans that are due in 18 months are over a year and so have to be considered long-term liabilities not current liabilities.
