Answer: (d) liability - refundable deposits.
Explanation:
The refundable deposit of $1,000 was a liability because Growler owed it to the customer and were simply holding it for when the customer returned the equipment.
Upon receipt of the deposit, they credited the Refundable deposits accounts which is a liability account. Now that the customer has returned the cleaning equipment and the deposit is to be refunded to the customer, Growler should now debit the Refundable deposits account to cancel out the liability.
Answer:
maintenance phase
Explanation:
Maintenance phase -
It refers to the phase of making the changes in the software , hardware and documentation to improve the operations effectively , is referred to as the maintenance phase .
The phase is important , as it enhances the efficiency and corrects the problem .
The company or the organisation tries to invest the maximum amount in the maintenance phase .
Hence , from the given statement of the question,
The correct option is maintenance phase .
Answer:
The correct answer is letter "E": Normative.
Explanation:
Normative Economics incorporates <em>subjectivity </em>and <em>value judgments</em> focusing on what "<em>should be</em>". It is usually implemented at the governmental level. Normative Economics leaves the door open for future changes, eliminates absolute statements and provides an avenue for analysis of different economic scenarios.
