Answer:
A consumer co-operative
Explanation:
A consumer co-operative is a type of retail business owned by an association of consumers. The consumers who form the venture manage it and share in its profits. The main objective of starting a consumer co-operative is to eliminate intermediaries.
A consumer co-operative has the benefit of economies of scale as it purchases in bulk. It can afford to offer its members more competitive prices. Members of the co-operative share profits in the ratio of capital contribution. Their liability is limited to share contribution. Membership is voluntary, and they usually transact on a cash basis.
The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
Learn more about inventory on:
brainly.com/question/24868116
It would be false, because they don’t go into the same category
Looks like you need to write a paragraph and ask for proof reading.
Answer:
"While budgeted costs refer to the cost, at standard, for the total number of budgeted units. "
Explanation:
The first sentence would be the correct one
The budget consist of get the revenues and costs for the business using the standard measurement for one unit.
Please be more clear in future questions, thank you =)