Acompany that uses the perpetual inventory system purchased inventory for $1,000,000 on account with terms of 4/7, n/20. which of the following correctly records the payment made 15 days after the date of invoice? 9)a) accounts payable 1,000,000 cash 1,000,000b) accounts payable 1,000,000 merchandise inventory 1,000,000c) accounts payable 1,000,000 merchandise inventory 100,000cash 900,000d) cash 1,000,000 accounts payable 1,000,000

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

From what part of income should someone take savings?