Acompany that uses the perpetual inventory system purchased 500 pallets of industrial soap for $7,000 and paid $800 for the freight-in. the company sold the whole lot to a supermarket chain for $12,000 on account. which of the following entries correctly records the sale?
a. sales revenue 12,000 merchandise inventory 12,000
b. accounts receivable 12,000 sales revenue 12,000 cost of goods sold 7,800 merchandise inventory 7,800
c. cost of goods sold 12,000 sales revenue 12,000
d. merchandise inventory 12,000 cost of goods sold 12,000 next

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Increases in output and increases in the inflation rate have been linked to