Answer: a. Purchases, cash payments, and general
Explanation:
The accounts payable ledger has postings from the purchases journal, cash payments journal and the general journal.
The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.
The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.
Therefore, the correct option is A.
You can’t sorry okonndjep
Answer:
d. Debit advertising expense $350, credit accounts payable $350
Explanation:
The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.
Answer:
C. A surplus of agricultural goods
Explanation:
Un-intervened markets are at equilibrium where Market Demand = Market Supply. Market Supply curve is upward sloping, due to price - supply direct relationship. Market demand curve is downward sloping, due to price - demand inverse relationship. Both curves intersect at equilibrium.
Price floor is minimum mandated price by government, below which a good cant be sold in the markets. It is usually set above market price, to protect the interest of sellers. Eg : Minimum Support price, of agricultural goods, set for protecting interests of sellers (farmers) from volatile prices.
This mandate set artificially high price : leads to supply being more than demand, as supply is directly & demand is inversely related to price. So, supply > demand implies that agricultural goods are at surplus in markets.
I believe the answer is: <span>the allocation method
production possibilities graph could only include the factors that can be projected after doing combination of various products' production.
Allocation method only play role in the technique that can be used to produce the products and cannot be considered as data projection from the production
</span>
