People who make goods and services are called PRODUCERS.
They are called producers because they produce the goods and services needed by the consumers.
Consumers are people who requires the goods and services provided by the producers.
3. Short surveys
Explanation:
Financial statement analysis is the method of analyzing the economic structure and reviewing the future of a business to earn income.
Types of Financial statement analysis are as follows:
- Fundamental analysis
- Horizontal analysis
- Vertical analysis
- Ratio analysis
- DuPont analysis
- Dividend discount model
The 3rd option is given as Short surveys which is a non-financial method of analysis.
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1 Inventory 1,500
Cash 1,500
<h3>
What are journal entries?</h3>
- A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
- An accounting journal, which shows a company's debit and credit balances, records transactions.
- The journal entry can be made up of multiple records, each of which is either a debit or a credit.
- Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
Inventory purchase journal entry:
- Say you purchase $1,000 worth of inventory on credit.
- Debit your Inventory account $1,000 to increase it.
- Then, credit your Accounts Payable account to show that you owe $1,000.
- Because your Cash account is also an asset, the credit decreases the account.
Therefore, the journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1 Inventory 1,500
Cash 1,500
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The question you are looking for is here:
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
(A) Jan. 1 cash 1,500
Account receivables 1,500
(B) Jan. 1 Purchases 1,500
Account payable 1,500
(C) Jan. 1 Inventory 1,500
Office Supplies 1,500
(D) Jan. 1 Inventory 1,500
Cash 1,500
Answer:
C. Like-Kind exchange
Explanation:
Like kind exchange is a type of deferred tax transactions that occurs when the disposal of an asset and the acquisition of another similar asset without generating a capital gains tax liability from the sale of the first asset. In like kind exchange, an individual can defer paying taxes upon the sale of a property by swapping your property for similar property owned by someone else. An investor is able to swap one eligible property for the other with the sole aim of avoiding or deferring taxes.
