Answer:
Date Account Title Debit Credit
Aug-06 Inventory $5,720
(52 * $110)
Accounts Payable $5,720
Aug-07 Inventory $310
Cash $310
Aug-10 Accounts Payable $770
(7 * $110
)
Inventory $770
Aug-14 Accounts Payable $4,950
Inventory $99
Cash $4,851
Aug-23 Accounts Receivable $4,160
(
32*$130)
Sales revenue $4,160
Aug-23 Cost of goods sold $3,670
Inventory $ 3,670
<span>You are part of an information systems project team. Your job is to ensure that the technology and vendor suggested for use in the project are consistent with the is strategy. Your role in the project steering team is the Information Systems Manager. The information systems manger is in charge of organizing, installing, maintenance and different upgrades within a company. This position is highly important to maintain a smooth operating system that the business can function on. </span>
Answer:
the purchasing power of money to decrease.
Explanation:
Inflation, in economic terms, refers to the rise in the price of the goods and services for a certain period of time. The value of money is decreased.
With the commencement of Inflation, the purchasing power of the money falls. With the rise in the price, the monetary value of the money decreases which leads to purchase fewer goods and services.
