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3 years ago

Inflation is a sustained rise in the general level of prices of goods and services.

Business

2 answers:

Mice21 [21]3 years ago

6 0

Answer:

"Inflation: a general increase in prices and fall in the purchasing value of money. "

there's the definition.

Ivanshal [37]3 years ago

5 0

Answer:

The correct answer is True.

Explanation:

Inflation is a way of measuring the rate of a certain product or service increases over a certain period of time, which can be a month, a year, etc.

In inflation, the currency of a country is devalued, that is, the currency loses value. You don't buy the same with 10 dollars today, what you bought with that money ten years ago, and this is caused by inflation.

When inflation occurs the currency of a country decreases its value and this is expressed through a percentage that impacts the cost that products and services will have.

For example, suppose that the rate of a product that today costs 5 dollars is 4% per year. Then said product next year will cost 4% more. This means that the product will cost 5.20 dollars.

Therefore, the correct answer is Inflation is a sustained rise in the general level of prices of goods and services.

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During Bruce Company’s first year of operations, the company purchased $4,300 of supplies. At year-end, a physical count of the

seraphim [82]

Answer:

Supplies Used = $2475

Explanation:

Bruce Company

Supplies Purchases $4,300

Supplies on hand $1,825

Supplies Used = $ 4300- $ 1825 = $2475

The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.

The relating adjusting entry will be

Supplies Expense $ 2475 Debit

Supplies Account $ 2475 Credit

This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.

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3 years ago

Unemployment benefits are

Nina [5.8K]

Reduced by an amount that is equal to an individual's income from other sources

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3 years ago

A company establishes a petty cash fund for $470. By the end of the month, employees had made the following expenditures from th

Masja [62]

Answer:

A petty cash fund is created by debiting the petty cash account and credited to the cash account

The expenses made is debited to the respective expenses account and then credited to the cash account

Explanation:

petty cash = $470

Expenditures made by employees :

supplies = $139

Fuel for deliveries = $123

postage = $76

Miscellaneous = $40

NOTE : A petty cash fund is created by debiting the petty cash account and credited to the cash account

The expenses made is debited to the respective expenses account and then credited to the cash account

ATTACHED IS THE JOURNAL ENTRY

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3 years ago

Which of the following will require a recalculation of weighted-average shares outstanding for all years presented?

FromTheMoon [43]

Answer:

The correct option is A, stock dividends and stock splits

Explanation:

Stock dividends refers to paying dividends by issuing more shares to shareholders instead of paying in cash which may be required to fund investment projects,since it increases the number of shares overall, it requires re-computation of weighted average number of shares.

Stock splits means splitting the current number of shares into multiples in order to reduce the price per share making it affordable to investors,hence the number of weighted average shares is also impacted.

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3 years ago

B R A I N L I E S T ! !

HACTEHA [7]

Answer:

They should provide both healthy and unhealthy foods in the drinks to satisfy the needs of the people

Explanation:

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3 years ago