Explanation:
The following transactions should be presented on a respective journals i.e
(1) Purchased merchandise on account = Purchase journal
As the purchase of merchandise is took place that is debited the merchandise inventory account and credited the account payable account
(2) Collected an account receivable = Cash journal as the cash is received
(3) Recorded depreciation expenses = General journal as it records the adjusting entries, or errors made in accounting, etc
Answer:
A and C
Explanation:
Construction of custom homes and
Manufacturing of heavy-duty machinery would most likely make use of job order costing.
Job Order Costing is useful for allocating costs based on a specific job order. It is a system that assigns and accumulates what it costs to manufacture an individual unit of output.
manufacturing businesses that use this system are clothing factories, food companies, air craft manufacturing companies.
service businesses that use the system include movie producers, accounting firms, law firms, hospitals etc.
Answer:
A. A command economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.
Explanation:
A command economy is a system in which the government is the one that decides the goods that can be produced and establishes the prices of them and the mixed economy is a system that involves the goverment which has some control but also, the private sector. This means that the production and the prices depend on the supply and demand.
Answer: a cash deposit into
banking system on the money supply<span>
</span><span>
<span>The
money multiplier refers to the ratio of deposits to the reserves in a certain
banking system. The money multiplier formula is caused by a cash deposit in a
bank on the money supply.</span></span>
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