Answer:
Option (d) is correct.
Explanation:
Given that,
Inventory sold to Alberta, Inc. on account = $5,800
Cost of goods sold = $4,000
The journal entries are as follows:
(i) On October 1,
Accounts receivable A/c Dr. $5,800
To sales A/c $5,800
(To record the credit sale of inventory)
(ii) On October 1,
Cost of goods sold A/c Dr. $4,000
To Merchandise inventory A/c $4,000
(To record the cost of goods sold)
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Travel Book
Sales= $164,000
Cost of goods sold= (67,000)
Contribution margin= 97,000
Order and delivery processing (25,000)
Net income= 72,000
Rent and allocated corporate costs remain constant in both decisions (drop or not). Therefore, they are irrelevant.
<u>Now, if the travel book product line was discontinued, the company's net income would have decreased by $72,000</u>
Based on the economic theory of demand and supply, Say's Law argues that a given "<u>value of supply"</u> must create an equivalent "<u>value of demand</u>" somewhere else in the economy.
This is based on the idea that supply would deduce the size of the macro-economy, which in turn makes sense in the long run.
Jean Baptiste Say is a French economist famous for being an adherent supporter of business competition, free trade, and removing restraints on business activities.
His Say's law was famous as it tried to define the market condition. Say's law is sometimes referred to as the <u>Law of</u> <u>Market</u>.
Hence, in this case, it is concluded that the correct answer is option D. "<u>value of supply; the value of demand."</u>
Learn more here: brainly.com/question/16920124
Answer:
Correct options are: (D), (E), (F).
Explanation:
Since the dog seller does not pay taxes, he is evading tax and is therefore conducting illegal transactions. Illegal transactions are excluded from GDP.
Mowing the law does not have an imputed market value and is excluded from GDP.
Government spending on food stamps is a transfer payment since no value gets added in return, therefore is excluded.
