Answer:
C. efficiency and equality.
Explanation:
A typical society that strives to get the most it can from its scarce resources and at the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner; faces a trade-off between efficiency and equality.
Efficiency is the bid to avoid any kind of waste of resources, time, energy, efforts, money, or indeed any resource. Put simply it is getting the best out of a resource. While equality on the other hand is the distribution of resources or benefits to all parties in an equitable or fair manner.
Hence, it is obvious that the given scenario borders on efficiency and equality.
Even though I didn't see the video mentioned in the question, banks make most of their money through banking fees and investments.
Answer:
see below
Explanation:
This transaction will increase both assets and liabilities of URSZINOT. It will increase cash at the bank (asset account) by $170,000 and increase accounts payable (liabilities) by $170,000. An increase in liabilities credited while an increase in assets is debited.
The journal entry will be
Bank A/c Dr. $170,000
Account Payable( loan) C/r. $170,000
Answer:
B. 904,000
Explanation:
Ash Company should report as supplemental information the amount of cash paid to suppliers = cost of goods sold + increase in inventory + decrease in accounts payable
cash paid to suppliers = $875,000 + ($83,000 - $69,000) + ($107,000 - $92,000) = $875,000 + $14,000 + $15,000 = $904,000
Apparently Ash Company buys and then resells goods, which means that one of its largest cash outflows should be suppliers. That is why it should provide supplemental information about cash paid to them.