Answer:
Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.
so yes the answer is true
Explanation:
(つ◕౪◕)つ━☆゚.*・。゚
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Answer:
$1,275
Explanation:
Recall that, 
Net operating working assets (NOWC) = Current assets - (current liabilities - notes payable).
Thus,
Given that
Current assets = 2500
Current liabilities = 975 + 250 + 600 = 1825
Notes Payable = 600
Therefore,
NOWC = 2500 - (1825 - 600)
NOWC = 2500 - 1225
NOWC = $1275
 
        
             
        
        
        
Answer:
Sarah inventory $ 123.75
Luke inventory  $  125.00
Explanation:
<u>Sarah</u>
125 dollars x 1% discount = 1.25 dollars
Inventory:
125 nominal - 1.25 discount = 123.75
Sarah will enter the inventory for the price it paid to acquire it which is 123.75
<u>Luke</u>
As look paid after the discount period the inventory will be valued at nominal:
125 dollars nominal
<u>the charge is considered interest expense</u> it will not be capitalize through inventory.
 
        
             
        
        
        
Answer:
Net Sales 
Gross Revenue                                           $101,200
Less: 
Sales Discount                         $288
Sales Returns                          <u> $1,000 </u>      <u>  $1,288</u>
Net Sales                                                      $99,912
Gross revenue  = 83,200 + 18,000 = $101,200
Gross Profit
Net Sales                                                      $99,912
Less: Cost of Goods sold                           <u> ($52,747)</u>
Gross Profit                                                  $47,165
Cost of goods sold
= 44,797 - 600 + 8,550
= $52,747