Answer:
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Explanation:
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Answer:
Credit to cash for $302
Explanation:
Account Titles and Explanation Debit Credit
Delivery expenses $63
Miscellaneous inventory $207
Miscellaneous expense $32
Cash $302
(To record petty cash reimbursement)
Answer:
The description of the given problem is described in the below explanation segment.
Explanation:
A supply as well as the demand-based economy with hardly any government regulation whilst general populace provisioning is fully controlled by the government, which would be aimed at satisfying person's welfare programs, is considered as the free market.
For commodities like the slightly elevated internet, we support free market rather than governmental provision for the aforementioned purposes:
- In something like a free market system, buyers decide the final success or failure of the items.
- Throughout the event of general populace procurement then perhaps the capitalist economy, there seem to be numerous failures such as time delays as well as misinformation.
Answer:
Inferior goods are goods that are bought less as income of buyers increase.
Explanation:
In business, inferior goods can be described as goods that experience declines in their demand or sale when the income of buyers or consumers increase.
This implies that there is a negative relationship between the demand of inferior goods and the income of the buyers.
Put in another way, inferiors goods are the more affordable substitutes for goods that are expensive when the income of the consumers fall.
