Answer:
- <em><u>Consumer spending allows firms to flourish and new businesses to develop. </u></em>
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Explanation:
Suppliers and <em>consumers</em> are the two agents of an economy that keep a constant and dynamic activity that is mutually dependent.
Suppliers are the agents who provide the goods and services.
<em>Consumers</em> are the agents who purchase and use those goods and services.
When <em>consumers</em> purchase a good or service, they pay and the money ends up in the accounts of the suppliers (except for taxes). The more the consumers buy the more the suppliers can invest (in the same or other business), the more can produce, the more can hire more employees, the more, in turn, can purchase more raw material from other suppliers, . . . all of this is <em>economic growth</em>.
Hence, as the third statement correctly asserts, <em>the consumer spending allows firms to flourish and new businesses to develop.</em>
Answer: b. Flowers liquidity has improved
Explanation:
The Current ratio is calculated by dividing the current assets of a company by its current liabilities. The current assets represent the liquidity of the company as they comprise of assets like cash and marketable securities.
If the current ratio was to increase, it would mean that either the numerator (current assets) increased or the denominator (current liabilities) decreased or that both happened. There is an option for the liquidity increasing which is saying that the numerator increases so this is correct as it is in line with what could have happened.
In most places, it’s 18 and over. Which should be your answer
Answer:
The Journal entry is as follows:
Interest expense A/c Dr. $100
To Interest payable A/c $100
(To record the interest expense for the first month)
Workings:
Amount borrowed = $10,000
Annual interest rate = 12%
Interest is due at the end of the year
Time period = 1 month
Therefore,
Interest expense = $10,000 × 0.12 × (1 ÷ 12)
= $100
Answer:
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