In a market economy, decisions about which goods are produced are based
on:
A. what health ca...
In a market economy, decisions about which goods are produced are based
on:
A. what health care organizations suggest will be best for citizens.
B. what businesses believe will generate the most profits.
C. what the government decides is important for society.
D. what the local community has made for generations.
Answers: 1
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Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
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Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
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