Answer:
raw materials inventory 58,500 debit
accoutns payable 58,500 credit
Explanation:
Required prepare general journal entries to record the following for 2016. a. purchased materials on account, $58,500.
The raw materials inventory will increase for 58,500 which is the amount purchased. As the materials are an asset, we will debited.
We will also use an account to represent the debt we have with our providor.
We have an "account to pay" --> account payable
As this is a debt, we have a liability. Thus we credit to increase it-
Answer:
in socialist France, the French government owns the postal service industry.
Explanation:
A mixed economy combines elements of a pure socialists (command) economy and a capitalist (free market )economy. A socialist economy is where the government controls all economic activities and decisions in a country. The private sector is absent in a socialist economy. A capitalist or free-market economy is one where the government does not interfere with a country's economic activities. The private sector does production and distribution in the economy.
A mixed economy will have traits of socialists and a capitalist economy. Both the government and private sector participates in economic activities.
Answer:
A. True
Explanation:
Internal rate of return abbreviated as IRR, is a capital budgeting technique used to evaluate the profitability of a potential project or an investment. In calculating the IRR, the net present value of the project's cash inflows is set at zero. Getting the actual value of the IRR is through trial and error, or specially programmed software.
IRR shows the growth rate a project or an investment is expected to generate. The higher the value, the better. As a rule, only projects whose IRR is greater than the minimum required rate of return should be accepted. The required rate of return is the same as the cost of capital for the project.
