Santa fe retailing purchased merchandise "as is" (with no returns) from mesa wholesalers with credit terms of 3/10, n/60
and an invoice price of $24,000. the merchandise had cost mesa $16,000. assume that both buyer and seller use a
perpetual inventory system and the gross method.
1. prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash
payment after the discount period.
2. prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash
collection after the discount period.

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.

What are the uses of national income data