Answer:
A. An asset would be debited and a Liability credited.
Explanation:
Purchasing on account means buying on credit. The debts of the business increase. As a result, liabilities increase.
Equipment is a business asset. Purchasing equipment increases assets.
In the double-entry accounting system, An increase in an asset is recorded by debiting the asset account. An increase in liabilities is captured by crediting the liabilities account.
Answer:
Marketing helps consumers learn about new products and services.
Explanation:
Market is the process of promotion of buying and selling of product / services. it creates a relationship with the consumers because it is used to attract the customers towards the product or service. Business wants to approach the consumers and Inform them about the product or service. In a competitive market a consumer has many choices. An effective marketing may gain the loyalty of the consumer.
Answer and Explanation:
The preparation of the bank reconcillation statement is shown below:
<u>Balance per banks $9,812 Balance per books $9,345</u>
Add: Add
Deposit in transit $1,244 Interest $110
Less: Less:
Outstanding checks -$1,906 Bank charges -$38
Error correction -$267
($622 - $355)
Reconciled balance $9,150 Reconciled balance $9,150
Answer:
the country's economy is in a liquidity trap.
Explanation:
A liquidity trap exists when interest rate are close to or equal to zero.
When there is a liquidity trap, expansionary monetary supply would not work because people would prefer to hold cash due to the believe that a negative economic event is about to occur e.g. deflation
When there is a liquidity trap, individuals prefer to save their monies rather than buy bonds
Liquidity trap was first discovered by John M. Keynes
Solutions to liquidity trap
1. Policies that would make savings less attractive
2, Increased government spending
Liquidity trap occurred in Japan in the 1990s and this led to a deflation
<span>Ethical behavior is the responsibility of each employee. It is their responsibility to learn appropriate and inappropriate behavior for their company and to adhere to these guidelines. Supervisors can help make sure employees understand these guidelines, but they ultimately cannot control their behavior.</span>
