1. Dr Merchandise inventory 25100
Cr Accounts payable 25100
(To record purchase of inventory on account)
2. Dr Merchandise inventory 530
Cr Cash 530
( To record freight cost )
3. No entry
4. Dr Accounts payable 3600
Cr Merchandise inventory 3600
( To record purchase return)
5. Dr Accounts payable ( 25100-3600) 21500
Cr Cash 21500
(To record paid the amount due).
Answer:
50%
Explanation:
Sales at strong state = 2 million
Sales in Recession = 1 million
% Decline = 
*100 = 50%
Answer: Market maturity
Explanation:
A market is said to be mature when it has gotten to a state of equilibrium. The state of equilibrium means when an absence of lack of innovation or significant growth and the demand is equal to the supply that is decided by the market forces.
The maturity stage of the product life cycle explains that sales will peak and later slow down. At this stage, the sales growth has started to reduce and the product has reached widespread acceptance in the market.
<span>
<span>Monetary
policies refer to actions that are taken by governments (or the duly
appointed monetary regulatory committees in a country) to control the behavior of the
economy. Monetary policies can be divided into two:
contractionary and expansionary. When an expansionary monetary policy is
implemented, the amount of money in circulation (in a country) is increased
through lowering of interest rates. The ultimate effect of this is that business and consumer spending goes up (loans are easily available), unemployment rates drop and the economy grows. Contractionary measures
are introduced through raising interest rates thereby liquidity (availability of
money in the economy) is reduced. As a result, consumer spending reduces and so inflation is kept
within sustainable levels.</span></span>
