The ________ -chart is the chief way to control attributes

Anderson Furniture sold 15 desks, with a cost of $5,500, for $12,250 on account. Anderson uses the periodic inventory system. Which of the following is the correct way to record this transaction?

A) Sales Revenue 12,250 Accounts Receivable 12,250 B) Accounts Receivable 12,250 Sales Revenue 12,250 Cost of Goods Sold 5,500 Merchandise Inventory 5,500 C) Accounts Receivable 12,250 Sales Revenue 12,250 D) Accounts Receivable 12,250 Sales Revenue 12,250 Purchases 5,500 Merchandise Inventory 5,500

Which of the following is most characteristic of a post-industrial economy?

A) Service and information sectors are the primary sources of economic growth. B) The market for consumer goods present little growth potential. C) The nation has an economy based on agriculture. D) Many people rely on bartering for basic goods and services. E) The country has an economy based on exporting raw materials.