Usually, a change of course such as the change in this company operation would be outlined in the firm's product vision statement.
<h3>What is
product vision statement?</h3>
A product vision statement is a statement that is use as a guide or reminder to all the stakeholders involved in a product's development and also entails the objective they are aiming to achieve.
Usually, the product vision statement will reflect the change if the change of organization course occur.
In conclusion, the change of course such as the change in this company operation would be outlined in the firm's product vision statement.
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Answer:
D. Deflation
Explanation:
"Consumer Price Index" <em>(CPI)</em> measures the changes in the weighted average of prices of a market basket (consisting of consumer goods and services). It tells the<u> cost of living for every consumer. </u>
"Inflation" refers to the sustained increase of prices of goods and services while "deflation" refers to the sustained decrease of prices of goods and services.
In the situation above, the CPI is considered lower than before, thus <u>deflation</u> must have occurred during the second six-year period. It shows a <u>negative inflation rate.</u>
So, this explains the answer.
Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done