The answer is "consumerism or consumption".
Consumerism refers to a social and financial order and belief system that empowers the obtaining of merchandise and enterprises in regularly expanding sums. With the industrial revolution, however especially in the twentieth century, large scale manufacturing prompted a financial emergency: there was overproduction, the supply of products would develop past buyer request, thus makers swung to arranged out of date quality and publicizing to expand buyer spending.
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<span>Instructions for the proper handling of accounts receivable using notes held by bork furniture company as an example. Determine the due date by calandar day and year, and the maturity values of all said notes.</span>
Answer:
A) Recession
Explanation:
Recession is a term in economics that refers to a situation where there is decline in economic growth. Specifically a recession is said to have occurred if for two or more consecutive quarters a negative economic growth is observed meaning that there is a decline in the gross domestic product (GDP). The implication of recession is that companies have less cash and revenue, so they will seek to reduce cost by cutting down on wages and employment which will generally lead to reduced output, income and jobs. Recessions are usually triggered by financial crises in an economy and government usually tackles it by spending more and reducing the cost of taxes
Answer:
Assets increase by $2200: liabilities increase by $2200
Explanation:
The accounting equation is expressed as below.
Assets = Owners Equity + Liabilities.
Making purchases on account means buying on credit. Purchasing Supplies on credit will increases the debts( liabilities) of the company by $2200.
Supplies will belong to the business; hence assets will increase by $2200